AHL Partners LLP Has $6.90 Million Holdings in MSA Safety Incorporporated (MSA)
AHL Partners LLP grew its position in shares of MSA Safety Incorporporated (NYSE:MSA) by 30.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,952 shares of the industrial products company’s stock after purchasing an additional 20,003 shares during the period. AHL Partners LLP owned 0.22% of MSA Safety Incorporporated worth $6,896,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of MSA Safety Incorporporated by 96.4% during the 2nd quarter. Principal Financial Group Inc. now owns 851,097 shares of the industrial products company’s stock worth $69,084,000 after purchasing an additional 417,796 shares during the last quarter. BlackRock Inc. boosted its stake in shares of MSA Safety Incorporporated by 20,572.3% during the 1st quarter. BlackRock Inc. now owns 3,192,629 shares of the industrial products company’s stock worth $225,685,000 after purchasing an additional 3,177,185 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of MSA Safety Incorporporated during the 2nd quarter worth about $1,098,000. Prudential Financial Inc. boosted its stake in shares of MSA Safety Incorporporated by 36.6% during the 1st quarter. Prudential Financial Inc. now owns 27,652 shares of the industrial products company’s stock worth $1,955,000 after purchasing an additional 7,410 shares during the last quarter. Finally, Parametrica Management Ltd boosted its stake in shares of MSA Safety Incorporporated by 92.4% during the 2nd quarter. Parametrica Management Ltd now owns 5,743 shares of the industrial products company’s stock worth $466,000 after purchasing an additional 2,758 shares during the last quarter. 66.74% of the stock is currently owned by institutional investors.
In other MSA Safety Incorporporated news, VP Markus H. Weber sold 5,811 shares of MSA Safety Incorporporated stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $72.80, for a total transaction of $423,040.80. Following the transaction, the vice president now owns 15,950 shares of the company’s stock, valued at approximately $1,161,160. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John T. Ryan III sold 32,100 shares of MSA Safety Incorporporated stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $71.43, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,211 shares of company stock worth $2,879,428. Company insiders own 15.53% of the company’s stock.
MSA has been the topic of several analyst reports. BidaskClub cut shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Robert W. Baird raised their price target on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, June 30th. Zacks Investment Research cut shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $91.00 price target on shares of MSA Safety Incorporporated in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $86.33.
MSA Safety Incorporporated (NYSE:MSA) opened at 76.445 on Thursday. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 38.511 and a beta of 1.64. MSA Safety Incorporporated has a one year low of $55.00 and a one year high of $84.86. The stock’s 50 day moving average is $73.38 and its 200 day moving average is $75.71.
MSA Safety Incorporporated (NYSE:MSA) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.02). MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. The business had revenue of $288.78 million for the quarter, compared to analysts’ expectations of $302.94 million. During the same period last year, the firm earned $0.79 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. On average, equities analysts forecast that MSA Safety Incorporporated will post $3.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, August 14th. This represents a $1.40 annualized dividend and a yield of 1.84%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is presently 71.07%.
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About MSA Safety Incorporporated
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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