SG Americas Securities LLC Purchases 14,786 Shares of MSA Safety Incorporporated $MSA

SG Americas Securities LLC raised its holdings in MSA Safety Incorporporated (NYSE:MSA) by 617.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 17,182 shares of the industrial products company’s stock after acquiring an additional 14,786 shares during the period. SG Americas Securities LLC’s holdings in MSA Safety Incorporporated were worth $2,957,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Penserra Capital Management LLC acquired a new stake in MSA Safety Incorporporated in the second quarter valued at $33,000. EverSource Wealth Advisors LLC lifted its holdings in 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 worth $33,000 after buying an additional 96 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of MSA Safety Incorporporated by 397.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 219 shares of the industrial products company’s stock valued at $37,000 after buying an additional 175 shares during the last quarter. Parallel Advisors LLC grew its position in shares of MSA Safety Incorporporated by 115.4% in the 2nd quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock valued at $49,000 after buying an additional 157 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of MSA Safety Incorporporated by 34.8% in the second quarter. Allworth Financial LP now owns 298 shares of the industrial products company’s stock valued at $50,000 after buying an additional 77 shares during the period. Institutional investors own 92.51% of the company’s stock.

Insider Activity at MSA Safety Incorporporated

In related news, CAO Jonathan D. Buck sold 333 shares of MSA Safety Incorporporated stock in a transaction dated 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 of the company’s stock, valued at approximately $713,874. This trade represents a 6.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Weiss Ratings upgraded shares of MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, MSA Safety Incorporporated currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.50.

MSA Safety Incorporporated Trading Up 0.2%

MSA opened at $174.25 on Tuesday. MSA Safety Incorporporated has a fifty-two week low of $127.86 and a fifty-two week high of $182.85. The firm has a market capitalization of $6.82 billion, a PE ratio of 24.58 and a beta of 0.97. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.08 and a quick ratio of 1.86. The company’s 50-day moving average is $161.40 and its 200 day moving average is $167.87.

MSA Safety Incorporporated (NYSE:MSA) last issued its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The business had revenue of $468.45 million during the quarter, compared to the consensus estimate of $461.37 million. MSA Safety Incorporporated had a net margin of 15.02% and a return on equity of 25.24%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.83 EPS. As a group, research analysts predict 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 was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were paid a $0.5625 dividend. The ex-dividend date was Friday, November 14th. This is a boost from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. This represents a $2.25 annualized dividend and a dividend yield of 1.3%. MSA Safety Incorporporated’s dividend payout ratio is presently 29.90%.

About MSA Safety Incorporporated

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.