New York State Teachers Retirement System Has $2,534,000 Position in MSA Safety Inc. (MSA)
New York State Teachers Retirement System continued to hold its stake in shares of MSA Safety Inc. (NYSE:MSA) during the second quarter, Holdings Channel reports. The firm owned 48,234 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in MSA Safety were worth $2,534,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the company. LS Investment Advisors LLC raised its stake in shares of MSA Safety by 77.3% in the second quarter. LS Investment Advisors LLC now owns 1,947 shares of the company’s stock worth $102,000 after buying an additional 849 shares during the period. Aperio Group LLC raised its stake in shares of MSA Safety by 77.3% in the first quarter. Aperio Group LLC now owns 9,542 shares of the company’s stock worth $461,000 after buying an additional 4,159 shares during the period. BlackRock Inc. raised its stake in shares of MSA Safety by 9.8% in the first quarter. BlackRock Inc. now owns 12,357 shares of the company’s stock worth $597,000 after buying an additional 1,099 shares during the period. Meeder Asset Management Inc. raised its stake in shares of MSA Safety by 8.7% in the first quarter. Meeder Asset Management Inc. now owns 13,018 shares of the company’s stock worth $629,000 after buying an additional 1,047 shares during the period. Finally, BNP Paribas Arbitrage SA purchased a new stake in shares of MSA Safety during the second quarter worth about $793,000. 60.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of MSA Safety Inc. (NYSE:MSA) traded down 0.14% during midday trading on Friday, hitting $56.23. 59,439 shares of the stock were exchanged. MSA Safety Inc. has a 12 month low of $37.68 and a 12 month high of $58.68. The firm has a 50 day moving average of $56.67 and a 200-day moving average of $52.97. The stock has a market cap of $2.11 billion, a P/E ratio of 26.70 and a beta of 1.60.
MSA Safety (NYSE:MSA) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.06. The company had revenue of $296 million for the quarter, compared to the consensus estimate of $301.02 million. MSA Safety had a net margin of 6.69% and a return on equity of 19.19%. MSA Safety’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Equities research analysts anticipate that MSA Safety Inc. will post $2.76 EPS for the current year.
Separately, Robert W. Baird lowered shares of MSA Safety from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $54.00 to $57.00 in a report on Friday, July 22nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. MSA Safety has an average rating of “Buy” and a consensus target price of $55.50.
In related news, insider William M. Lambert sold 19,200 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $55.03, for a total transaction of $1,056,576.00. Following the sale, the insider now owns 162,806 shares of the company’s stock, valued at $8,959,214.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Douglas K. Mcclaine sold 4,731 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $56.00, for a total transaction of $264,936.00. Following the sale, the insider now directly owns 36,428 shares in the company, valued at approximately $2,039,968. The disclosure for this sale can be found here. Corporate insiders own 15.53% of the company’s stock.
About MSA Safety
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
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