Verition Fund Management LLC trimmed its stake in MSA Safety Incorporporated (NYSE:MSA) by 75.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,010 shares of the industrial products company’s stock after selling 15,251 shares during the period. Verition Fund Management LLC’s holdings in MSA Safety Incorporporated were worth $407,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of MSA Safety Incorporporated by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,596 shares of the industrial products company’s stock worth $373,000 after purchasing an additional 18 shares during the period. Capstone Asset Management Co. lifted its position in shares of MSA Safety Incorporporated by 0.7% in the 2nd quarter. Capstone Asset Management Co. now owns 2,863 shares of the industrial products company’s stock worth $232,000 after purchasing an additional 20 shares during the period. Jennison Associates LLC lifted its position in shares of MSA Safety Incorporporated by 0.3% in the 2nd quarter. Jennison Associates LLC now owns 8,538 shares of the industrial products company’s stock worth $693,000 after purchasing an additional 26 shares during the period. Royal Bank of Canada lifted its position in shares of MSA Safety Incorporporated by 3.3% in the 2nd quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 53 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of MSA Safety Incorporporated by 2.0% in the 2nd quarter. Bank of Montreal Can now owns 2,908 shares of the industrial products company’s stock worth $236,000 after purchasing an additional 58 shares during the period. 66.53% of the stock is owned by hedge funds and other institutional investors.

In other MSA Safety Incorporporated news, Director John T. Ryan III sold 32,100 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $71.43, for a total transaction of $2,292,903.00. Following the transaction, the director now directly owns 1,025,013 shares in the company, valued at approximately $73,216,678.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Markus H. Weber sold 2,300 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $71.08, for a total transaction of $163,484.00. Following the transaction, the vice president now owns 13,801 shares in the company, valued at $980,975.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,211 shares of company stock worth $2,879,428. 15.53% of the stock is owned by company insiders.

Several research firms have recently commented on MSA. Zacks Investment Research cut shares of MSA Safety Incorporporated from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub raised shares of MSA Safety Incorporporated from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $91.00 target price on shares of MSA Safety Incorporporated in a research report on Friday, August 4th. Finally, Robert W. Baird raised their target price on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $86.33.

MSA Safety Incorporporated (MSA) opened at 82.59 on Friday. The company’s 50-day moving average is $76.46 and its 200-day moving average is $76.52. The stock has a market capitalization of $3.15 billion, a PE ratio of 41.61 and a beta of 1.64. MSA Safety Incorporporated has a 12 month low of $55.00 and a 12 month high of $85.80.

MSA Safety Incorporporated (NYSE:MSA) last issued its earnings results on Thursday, October 19th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.13. MSA Safety Incorporporated had a net margin of 7.32% and a return on equity of 20.92%. The company had revenue of $296.13 million for the quarter, compared to analysts’ expectations of $298.47 million. During the same period in the prior year, the business earned $0.72 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts forecast that MSA Safety Incorporporated will post $3.17 EPS for the current year.

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MSA Safety Incorporporated 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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Institutional Ownership by Quarter for MSA Safety Incorporporated (NYSE:MSA)

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