MSA Safety Incorporated (NYSE:MSA) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP trimmed its position in MSA Safety Incorporated (NYSE:MSA) by 4.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,868 shares of the industrial products company’s stock after selling 247 shares during the quarter. Aigen Investment Management LP’s holdings in MSA Safety were worth $863,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in MSA Safety by 14.4% in the first quarter. Janney Montgomery Scott LLC now owns 7,407 shares of the industrial products company’s stock worth $1,434,000 after acquiring an additional 932 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of MSA Safety by 52.3% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 101,833 shares of the industrial products company’s stock worth $19,714,000 after purchasing an additional 34,978 shares during the last quarter. HBK Sorce Advisory LLC purchased a new stake in MSA Safety in the 1st quarter valued at about $1,564,000. Trillium Asset Management LLC lifted its position in MSA Safety by 0.8% in the first quarter. Trillium Asset Management LLC now owns 52,898 shares of the industrial products company’s stock valued at $10,241,000 after buying an additional 428 shares during the last quarter. Finally, M&G Plc purchased a new position in MSA Safety during the first quarter worth about $3,625,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, July 26th. William Blair upgraded MSA Safety to a “strong-buy” rating in a research report on Tuesday, July 16th. Finally, B. Riley began coverage on MSA Safety in a report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price objective on the stock. Two equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus price target of $207.50.

MSA Safety Stock Performance

Shares of MSA stock opened at $175.61 on Wednesday. MSA Safety Incorporated has a 52 week low of $158.86 and a 52 week high of $200.60. The firm has a 50 day moving average of $173.02 and a two-hundred day moving average of $180.23. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $6.90 billion, a PE ratio of 25.38 and a beta of 0.99.

MSA Safety (NYSE:MSA) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.05. The company had revenue of $432.68 million for the quarter, compared to the consensus estimate of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. MSA Safety’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 EPS. On average, research analysts predict that MSA Safety Incorporated will post 7.6 EPS for the current fiscal year.

MSA Safety Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, November 15th. MSA Safety’s dividend payout ratio (DPR) is presently 29.48%.

About MSA Safety

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.