Champlain Investment Partners LLC Cuts Position in MSA Safety Incorporated (NYSE:MSA)

Champlain Investment Partners LLC lowered its position in MSA Safety Incorporated (NYSE:MSA) by 9.3% in the third quarter, Holdings Channel reports. The fund owned 679,750 shares of the industrial products company’s stock after selling 69,699 shares during the period. Champlain Investment Partners LLC’s holdings in MSA Safety were worth $120,547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of MSA Safety by 198.8% during the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares during the last quarter. Blue Trust Inc. lifted its holdings in MSA Safety by 486.0% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $47,000 after buying an additional 209 shares during the last quarter. Covestor Ltd boosted its position in shares of MSA Safety by 985.1% during the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 729 shares in the last quarter. Kowal Investment Group LLC purchased a new position in shares of MSA Safety in the 2nd quarter valued at about $204,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of MSA Safety during the 2nd quarter worth about $206,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

MSA Safety Stock Up 1.9 %

MSA opened at $174.98 on Friday. The stock has a market capitalization of $6.88 billion, a P/E ratio of 25.29 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68. MSA Safety Incorporated has a one year low of $160.02 and a one year high of $200.60. The business’s 50-day simple moving average is $173.05 and its 200-day simple moving average is $179.60.

MSA Safety (NYSE:MSA) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS 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 analyst estimates of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 earnings per share. Analysts anticipate that MSA Safety Incorporated will post 7.64 EPS for the current year.

MSA Safety Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, November 15th. MSA Safety’s dividend payout ratio is currently 29.48%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. B. Riley assumed coverage on MSA Safety in a report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price target for the company. Stifel Nicolaus upped their target price on shares of MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, July 26th.

MSA Safety 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.