Zurcher Kantonalbank Zurich Cantonalbank Purchases 762 Shares of MSA Safety Incorporated (NYSE:MSA)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in MSA Safety Incorporated (NYSE:MSA) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,975 shares of the industrial products company’s stock after acquiring an additional 762 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in MSA Safety were worth $1,346,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MSA. AE Wealth Management LLC lifted its position in shares of MSA Safety by 7.0% in the 3rd quarter. AE Wealth Management LLC now owns 2,183 shares of the industrial products company’s stock worth $344,000 after acquiring an additional 143 shares during the period. SG Americas Securities LLC bought a new stake in shares of MSA Safety in the 3rd quarter worth approximately $1,260,000. Oak Thistle LLC acquired a new position in shares of MSA Safety in the 3rd quarter worth approximately $835,000. Mountain Pacific Investment Advisers Inc. ID raised its holdings in shares of MSA Safety by 8.0% in the 3rd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 70,332 shares of the industrial products company’s stock worth $11,088,000 after buying an additional 5,235 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC acquired a new position in shares of MSA Safety in the 3rd quarter worth approximately $1,402,000. Institutional investors own 92.51% of the company’s stock.

Insider Activity at MSA Safety

In other MSA Safety news, Director Rebecca B. Roberts sold 1,100 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $181.84, for a total value of $200,024.00. Following the transaction, the director now directly owns 8,474 shares in the company, valued at approximately $1,540,912.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Nishan J. Vartanian sold 4,099 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $185.75, for a total value of $761,389.25. Following the transaction, the chief executive officer now directly owns 67,800 shares in the company, valued at approximately $12,593,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rebecca B. Roberts sold 1,100 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $181.84, for a total value of $200,024.00. Following the completion of the transaction, the director now owns 8,474 shares in the company, valued at $1,540,912.16. The disclosure for this sale can be found here. Insiders sold 5,504 shares of company stock valued at $1,017,991 in the last three months. Corporate insiders own 6.20% of the company’s stock.

MSA Safety Trading Up 0.0 %

MSA stock opened at $188.78 on Friday. The business has a fifty day moving average price of $186.97 and a 200 day moving average price of $172.72. MSA Safety Incorporated has a fifty-two week low of $122.57 and a fifty-two week high of $196.02. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 130.19 and a beta of 1.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.36 and a quick ratio of 1.48.

MSA Safety (NYSE:MSA) last released its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.18. MSA Safety had a return on equity of 32.44% and a net margin of 3.28%. The firm had revenue of $495.00 million during the quarter, compared to analysts’ expectations of $467.52 million. During the same period last year, the firm posted $1.80 EPS. The business’s revenue was up 11.7% on a year-over-year basis. Analysts expect that MSA Safety Incorporated will post 7.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised MSA Safety from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.50.

MSA Safety Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.