Picton Mahoney Asset Management Sells 1,100 Shares of MSA Safety Inc (MSA)

Picton Mahoney Asset Management decreased its holdings in MSA Safety Inc (NYSE:MSA) by 5.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,900 shares of the industrial products company’s stock after selling 1,100 shares during the period. Picton Mahoney Asset Management owned approximately 0.05% of MSA Safety worth $2,225,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Metropolitan Life Insurance Co. NY raised its holdings in MSA Safety by 3.1% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 19,990 shares of the industrial products company’s stock valued at $1,926,000 after acquiring an additional 609 shares during the last quarter. Arizona State Retirement System raised its holdings in MSA Safety by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 23,674 shares of the industrial products company’s stock valued at $2,281,000 after acquiring an additional 611 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in MSA Safety by 5.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 12,941 shares of the industrial products company’s stock valued at $1,247,000 after acquiring an additional 670 shares during the last quarter. Amalgamated Bank raised its holdings in MSA Safety by 16.0% in the 2nd quarter. Amalgamated Bank now owns 5,561 shares of the industrial products company’s stock valued at $536,000 after acquiring an additional 767 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its holdings in MSA Safety by 11.2% in the 2nd quarter. First Republic Investment Management Inc. now owns 8,300 shares of the industrial products company’s stock valued at $800,000 after acquiring an additional 837 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.

A number of analysts have commented on MSA shares. Stifel Nicolaus increased their price objective on shares of MSA Safety from $100.00 to $108.00 and gave the company a “buy” rating in a report on Friday, July 27th. ValuEngine upgraded shares of MSA Safety from a “hold” rating to a “buy” rating in a report on Friday, July 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $100.00.

Shares of NYSE MSA opened at $107.38 on Friday. The company has a market cap of $4.19 billion, a PE ratio of 23.71 and a beta of 1.29. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.19 and a quick ratio of 1.59. MSA Safety Inc has a 1 year low of $71.47 and a 1 year high of $110.66.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Wednesday, October 24th. The industrial products company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.11. The business had revenue of $331.10 million during the quarter, compared to the consensus estimate of $325.53 million. MSA Safety had a net margin of 4.94% and a return on equity of 28.12%. On average, sell-side analysts expect that MSA Safety Inc will post 4.41 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 14th will be issued a dividend of $0.38 per share. The ex-dividend date is Tuesday, November 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.42%. MSA Safety’s dividend payout ratio is currently 39.28%.

In other news, insider Douglas K. Mcclaine sold 10,568 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $106.61, for a total transaction of $1,126,654.48. Following the completion of the sale, the insider now owns 32,499 shares in the company, valued at approximately $3,464,718.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kenneth D. Krause sold 1,572 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $107.00, for a total transaction of $168,204.00. Following the sale, the chief financial officer now owns 18,721 shares of the company’s stock, valued at approximately $2,003,147. The disclosure for this sale can be found here. 9.90% of the stock is owned by company insiders.

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MSA Safety Company Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.

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Institutional Ownership by Quarter for MSA Safety (NYSE:MSA)

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