Jane Street Group LLC Grows Stock Position in MSA Safety Incorporated (NYSE:MSA)

Jane Street Group LLC boosted its position in MSA Safety Incorporated (NYSE:MSA) by 78.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,671 shares of the industrial products company’s stock after buying an additional 4,259 shares during the period. Jane Street Group LLC’s holdings in MSA Safety were worth $1,715,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in shares of MSA Safety by 11.0% in the second quarter. Envestnet Asset Management Inc. now owns 45,334 shares of the industrial products company’s stock valued at $8,509,000 after acquiring an additional 4,497 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in MSA Safety in the 2nd quarter valued at approximately $795,000. Dimensional Fund Advisors LP increased its position in MSA Safety by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 738,951 shares of the industrial products company’s stock worth $138,695,000 after purchasing an additional 22,979 shares during the period. Hsbc Holdings PLC acquired a new position in MSA Safety during the 2nd quarter worth approximately $2,322,000. Finally, Acadian Asset Management LLC raised its stake in shares of MSA Safety by 2,362.5% during the 2nd quarter. Acadian Asset Management LLC now owns 11,303 shares of the industrial products company’s stock worth $2,119,000 after buying an additional 10,844 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on MSA. B. Riley started coverage on MSA Safety in a research report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price objective for the company. DA Davidson initiated coverage on shares of MSA Safety in a report on Thursday, December 19th. They issued a “buy” rating and a $195.00 price target for the company. Finally, Jefferies Financial Group started coverage on shares of MSA Safety in a research report on Thursday, December 12th. They set a “hold” rating and a $200.00 target price on the stock. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $202.50.

MSA Safety Stock Up 1.6 %

Shares of NYSE MSA opened at $168.94 on Thursday. The firm’s 50-day moving average is $171.63 and its two-hundred day moving average is $177.66. The company has a market capitalization of $6.64 billion, a PE ratio of 24.41 and a beta of 0.99. MSA Safety Incorporated has a 12-month low of $160.02 and a 12-month high of $200.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56.

MSA Safety (NYSE:MSA) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.05. The firm had revenue of $432.68 million for the quarter, compared to analyst estimates of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. MSA Safety’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. Equities analysts anticipate that MSA Safety Incorporated will post 7.66 EPS for the current fiscal year.

MSA Safety Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Friday, November 15th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, November 15th. MSA Safety’s dividend payout ratio is presently 29.48%.

MSA Safety Profile

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.