Ameriprise Financial Inc. Boosts Stake in MSA Safety Inc. (MSA)
Ameriprise Financial Inc. boosted its stake in MSA Safety Inc. (NYSE:MSA) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,180 shares of the company’s stock after buying an additional 2,277 shares during the period. Ameriprise Financial Inc. owned 0.21% of MSA Safety worth $4,159,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. LS Investment Advisors LLC raised its position 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 valued at $102,000 after buying an additional 849 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of MSA Safety during the second quarter valued at approximately $168,000. Societe Generale purchased a new position in shares of MSA Safety during the second quarter valued at approximately $426,000. Aperio Group LLC raised its position 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 valued at $461,000 after buying an additional 4,159 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of MSA Safety by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 10,524 shares of the company’s stock valued at $553,000 after buying an additional 258 shares during the last quarter. Institutional investors own 60.17% of the company’s stock.
Shares of MSA Safety Inc. (NYSE:MSA) traded up 1.41% during mid-day trading on Tuesday, hitting $56.91. The company had a trading volume of 4,396 shares. MSA Safety Inc. has a 12-month low of $37.68 and a 12-month high of $58.68. The firm has a market cap of $2.14 billion, a PE ratio of 27.02 and a beta of 1.60. The firm’s 50 day moving average is $56.62 and its 200-day moving average is $53.08.
MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.06. MSA Safety had a return on equity of 19.19% and a net margin of 6.69%. The firm had revenue of $296 million for the quarter, compared to the consensus estimate of $301.02 million. During the same quarter in the prior year, the business earned $0.67 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts expect that MSA Safety Inc. will post $2.76 EPS for the current year.
Separately, Robert W. Baird downgraded 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’s stock. MSA Safety presently has an average rating of “Buy” and a consensus price target of $55.50.
In other news, insider William M. Lambert sold 19,200 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $55.03, for a total value of $1,056,576.00. Following the transaction, the insider now owns 162,806 shares of the company’s stock, valued at approximately $8,959,214.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Douglas K. Mcclaine sold 4,731 shares of the stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $56.00, for a total value of $264,936.00. Following the completion of the transaction, 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. Company insiders own 15.53% of the company’s stock.
MSA Safety Company Profile
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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