Raiffeisen Bank International AG Cuts Position in MSA Safety Incorporporated $MSA

Raiffeisen Bank International AG reduced its stake in shares of MSA Safety Incorporporated (NYSE:MSA) by 11.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,110 shares of the industrial products company’s stock after selling 815 shares during the period. Raiffeisen Bank International AG’s holdings in MSA Safety Incorporporated were worth $1,027,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advantage Alpha Capital Partners LP boosted its holdings in MSA Safety Incorporporated by 23.9% during the first quarter. Advantage Alpha Capital Partners LP now owns 31,591 shares of the industrial products company’s stock worth $4,634,000 after buying an additional 6,094 shares in the last quarter. Entropy Technologies LP increased its holdings in MSA Safety Incorporporated by 194.4% in the first quarter. Entropy Technologies LP now owns 5,300 shares of the industrial products company’s stock valued at $777,000 after buying an additional 3,500 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in shares of MSA Safety Incorporporated during the 1st quarter valued at approximately $235,000. Cetera Investment Advisers boosted its stake in shares of MSA Safety Incorporporated by 27.8% during the 1st quarter. Cetera Investment Advisers now owns 2,865 shares of the industrial products company’s stock worth $420,000 after acquiring an additional 624 shares in the last quarter. Finally, Channing Capital Management LLC boosted its stake in shares of MSA Safety Incorporporated by 2.8% during the 1st quarter. Channing Capital Management LLC now owns 493,655 shares of the industrial products company’s stock worth $72,414,000 after acquiring an additional 13,460 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

MSA Safety Incorporporated Price Performance

MSA stock opened at $157.00 on Wednesday. The stock’s 50 day moving average price is $166.38 and its 200 day moving average price is $167.87. The firm has a market cap of $6.15 billion, a P/E ratio of 22.14 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.90 and a current ratio of 3.08. MSA Safety Incorporporated has a 1 year low of $127.86 and a 1 year high of $182.85.

MSA Safety Incorporporated (NYSE:MSA) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The company had revenue of $468.45 million during the quarter, compared to analysts’ expectations of $461.37 million. MSA Safety Incorporporated had a return on equity of 25.23% and a net margin of 15.02%.The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.83 earnings per share. On average, sell-side analysts expect that MSA Safety Incorporporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Incorporporated Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be issued a $0.5625 dividend. This is a positive change from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, November 14th. This represents a $2.25 dividend on an annualized basis and a yield of 1.4%. MSA Safety Incorporporated’s payout ratio is currently 29.90%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research note on Wednesday, October 8th. DA Davidson upped their target price on MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Finally, Wall Street Zen cut MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $189.20.

Insider Activity

In other news, President Stephanie L. Sciullo sold 2,361 shares of MSA Safety Incorporporated stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $169.51, for a total transaction of $400,213.11. Following the completion of the sale, the president directly owned 9,083 shares in the company, valued at $1,539,659.33. The trade was a 20.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

MSA Safety Incorporporated Company 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.