Sei Investments Co. Grows Holdings in MSA Safety Incorporporated $MSA

Sei Investments Co. grew its position in MSA Safety Incorporporated (NYSE:MSA) by 6.1% in the first quarter, HoldingsChannel reports. The fund owned 205,135 shares of the industrial products company’s stock after acquiring an additional 11,788 shares during the quarter. Sei Investments Co.’s holdings in MSA Safety Incorporporated were worth $33,633,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of MSA. Royal Bank of Canada increased its stake in shares of MSA Safety Incorporporated by 39.8% in the 1st quarter. Royal Bank of Canada now owns 47,391 shares of the industrial products company’s stock valued at $6,953,000 after purchasing an additional 13,501 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in MSA Safety Incorporporated during the first quarter worth approximately $501,000. Jane Street Group LLC boosted its position in MSA Safety Incorporporated by 44.7% during the first quarter. Jane Street Group LLC now owns 4,401 shares of the industrial products company’s stock worth $646,000 after purchasing an additional 1,359 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in MSA Safety Incorporporated by 94.1% in the second quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 96 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in MSA Safety Incorporporated by 31.5% in the second quarter. Baird Financial Group Inc. now owns 2,757 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 661 shares during the period. 92.51% of the stock is currently owned by institutional investors and hedge funds.

MSA Safety Incorporporated Stock Performance

Shares of NYSE:MSA opened at $175.44 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.17 and a quick ratio of 1.92. The business’s 50 day moving average price is $167.48 and its 200-day moving average price is $174.94. The firm has a market capitalization of $6.77 billion, a PE ratio of 23.71 and a beta of 0.95. MSA Safety Incorporporated has a 1 year low of $151.10 and a 1 year high of $208.92.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.14. MSA Safety Incorporporated had a return on equity of 24.54% and a net margin of 15.16%.The company had revenue of $463.63 million for the quarter, compared to analyst estimates of $451.28 million. During the same quarter last year, the firm posted $1.68 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities research analysts expect that MSA Safety Incorporporated will post 8.86 earnings per share for the current fiscal year.

MSA Safety Incorporporated Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $0.54 per share. The ex-dividend date was Friday, May 15th. This is a boost from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a yield of 1.2%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is presently 29.19%.

Insiders Place Their Bets

In other MSA Safety Incorporporated news, CFO Julie A. Beck acquired 448 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price of $158.69 per share, with a total value of $71,093.12. Following the purchase, the chief financial officer owned 3,825 shares in the company, valued at approximately $606,989.25. The trade was a 13.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MSA. Weiss Ratings raised MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Robert W. Baird set a $197.00 price target on shares of MSA Safety Incorporporated in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of MSA Safety Incorporporated from a “strong-buy” rating to a “buy” rating in a report on Saturday. DA Davidson reduced their price objective on shares of MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $180.00 price objective (down from $200.00) on shares of MSA Safety Incorporporated in a report on Tuesday, March 31st. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $203.60.

About MSA Safety Incorporporated

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.