Amalgamated Bank Sells 1,407 Shares of MSA Safety Incorporated (NYSE:MSA)

Amalgamated Bank lowered its stake in MSA Safety Incorporated (NYSE:MSA) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,737 shares of the industrial products company’s stock after selling 1,407 shares during the quarter. Amalgamated Bank’s holdings in MSA Safety were worth $3,517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MSA. BNP Paribas Financial Markets boosted its position in shares of MSA Safety by 30.3% in the first quarter. BNP Paribas Financial Markets now owns 26,606 shares of the industrial products company’s stock valued at $5,151,000 after acquiring an additional 6,191 shares during the period. Mountain Pacific Investment Advisers Inc. ID grew its position in shares of MSA Safety by 35.3% during the 1st quarter. Mountain Pacific Investment Advisers Inc. ID now owns 122,898 shares of the industrial products company’s stock valued at $23,792,000 after purchasing an additional 32,054 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of MSA Safety by 231.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 63,941 shares of the industrial products company’s stock worth $12,294,000 after purchasing an additional 44,625 shares during the period. Quadrature Capital Ltd raised its position in shares of MSA Safety by 80.9% in the first quarter. Quadrature Capital Ltd now owns 17,173 shares of the industrial products company’s stock worth $3,323,000 after buying an additional 7,681 shares in the last quarter. Finally, M&G Plc bought a new stake in MSA Safety during the first quarter valued at $3,625,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Stock Down 2.0 %

MSA opened at $181.01 on Monday. The business’s fifty day simple moving average is $181.19 and its 200 day simple moving average is $184.51. MSA Safety Incorporated has a 52 week low of $147.35 and a 52 week high of $200.60. The company has a quick ratio of 1.54, a current ratio of 2.45 and a debt-to-equity ratio of 0.55. The stock has a market cap of $7.13 billion, a PE ratio of 26.82 and a beta of 0.99.

MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.97 by $0.04. The firm had revenue of $462.46 million for the quarter, compared to analyst estimates of $461.30 million. MSA Safety had a return on equity of 30.64% and a net margin of 14.97%. As a group, research analysts expect that MSA Safety Incorporated will post 7.75 earnings per share for the current fiscal year.

MSA Safety Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, August 15th. MSA Safety’s payout ratio is presently 30.22%.

Insider Activity

In other news, CEO Nishan J. Vartanian sold 3,945 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $189.00, for a total value of $745,605.00. Following the completion of the sale, the chief executive officer now owns 31,953 shares of the company’s stock, valued at approximately $6,039,117. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 6.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MSA shares. Stifel Nicolaus upped their target price on MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. William Blair raised shares of MSA Safety to a “strong-buy” rating in a research note on Tuesday, July 16th.

About MSA Safety

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.