Allianz Asset Management GmbH Trims Holdings in MSA Safety Incorporporated $MSA

Allianz Asset Management GmbH lowered its holdings in MSA Safety Incorporporated (NYSE:MSA) by 3.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,801 shares of the industrial products company’s stock after selling 656 shares during the period. Allianz Asset Management GmbH’s holdings in MSA Safety Incorporporated were worth $2,982,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bayforest Capital Ltd grew its holdings in shares of MSA Safety Incorporporated by 3,400.0% in the first quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of MSA Safety Incorporporated by 39.4% in the first quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 76 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of MSA Safety Incorporporated by 115.4% in the second quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 157 shares in the last quarter. Hilltop National Bank acquired a new position in shares of MSA Safety Incorporporated in the second quarter valued at approximately $116,000. Finally, CWM LLC grew its holdings in shares of MSA Safety Incorporporated by 96.1% in the second quarter. CWM LLC now owns 696 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 341 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Activity

In other news, President Stephanie L. Sciullo sold 2,361 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $169.51, for a total value of $400,213.11. Following the completion of the transaction, the president owned 9,083 shares in the company, valued at approximately $1,539,659.33. This represents a 20.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

MSA Safety Incorporporated Trading Up 1.0%

NYSE MSA opened at $168.34 on Friday. The company has a quick ratio of 1.90, a current ratio of 3.11 and a debt-to-equity ratio of 0.54. MSA Safety Incorporporated has a 52 week low of $127.86 and a 52 week high of $182.85. The stock has a market capitalization of $6.59 billion, a PE ratio of 24.01 and a beta of 0.99. The firm has a 50 day moving average of $170.33 and a two-hundred day moving average of $166.01.

MSA Safety Incorporporated (NYSE:MSA) last posted its quarterly earnings results on Monday, August 4th. The industrial products company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.76 by $0.17. MSA Safety Incorporporated had a net margin of 15.15% and a return on equity of 26.03%. The company had revenue of $474.12 million during the quarter, compared to analysts’ expectations of $446.46 million. During the same quarter in the previous year, the business posted $2.01 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. As a group, research analysts expect that MSA Safety Incorporporated will post 8.06 EPS for the current fiscal year.

MSA Safety Incorporporated Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.53 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.12 annualized dividend and a dividend yield of 1.3%. MSA Safety Incorporporated’s dividend payout ratio is presently 30.24%.

Analyst Ratings Changes

MSA has been the subject of a number of research reports. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. DA Davidson lifted their price objective on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Stifel Nicolaus assumed coverage on shares of MSA Safety Incorporporated in a report on Wednesday, July 16th. They set a “hold” rating and a $182.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of MSA Safety Incorporporated in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, MSA Safety Incorporporated presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.20.

About MSA Safety Incorporporated

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.