Alps Advisors Inc. Acquires New Holdings in MSA Safety Incorporporated $MSA

Alps Advisors Inc. bought a new position in MSA Safety Incorporporated (NYSE:MSA) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 88,814 shares of the industrial products company’s stock, valued at approximately $15,282,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Allworth Financial LP boosted its stake in shares of MSA Safety Incorporporated by 34.8% in the 2nd quarter. Allworth Financial LP now owns 298 shares of the industrial products company’s stock worth $50,000 after buying an additional 77 shares during the last quarter. GAMMA Investing LLC lifted its holdings in MSA Safety Incorporporated by 19.8% in the third quarter. GAMMA Investing LLC now owns 477 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 79 shares during the period. Snowden Capital Advisors LLC boosted its position in MSA Safety Incorporporated by 3.8% in the second quarter. Snowden Capital Advisors LLC now owns 2,327 shares of the industrial products company’s stock worth $390,000 after purchasing an additional 85 shares during the last quarter. HBK Sorce Advisory LLC boosted its position in MSA Safety Incorporporated by 1.0% in the third quarter. HBK Sorce Advisory LLC now owns 9,297 shares of the industrial products company’s stock worth $1,614,000 after purchasing an additional 91 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of MSA Safety Incorporporated by 94.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 96 shares during the period. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

MSA Safety Incorporporated Price Performance

Shares of NYSE:MSA opened at $193.75 on Monday. The company has a market capitalization of $7.59 billion, a P/E ratio of 27.33 and a beta of 0.98. MSA Safety Incorporporated has a 1-year low of $127.86 and a 1-year high of $194.39. The firm’s 50 day simple moving average is $170.55 and its two-hundred day simple moving average is $169.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.08 and a quick ratio of 1.86.

MSA Safety Incorporporated Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Friday, February 13th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, February 13th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.1%. MSA Safety Incorporporated’s payout ratio is 29.90%.

Insiders Place Their Bets

In other MSA Safety Incorporporated news, CAO Jonathan D. Buck sold 333 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $161.00, for a total value of $53,613.00. Following the completion of the sale, the chief accounting officer owned 4,434 shares in the company, valued at approximately $713,874. This represents a 6.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MSA shares. Wall Street Zen downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. started coverage on shares of MSA Safety Incorporporated in a research report on Tuesday, February 3rd. They issued a “neutral” rating and a $200.00 price target on the stock. Finally, Weiss Ratings raised shares of MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, MSA Safety Incorporporated currently has an average rating of “Moderate Buy” and an average price target of $189.20.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.