Alliancebernstein L.P. Sells 2,390 Shares of MSA Safety Incorporporated (MSA)
Alliancebernstein L.P. cut its stake in MSA Safety Incorporporated (NYSE:MSA) by 4.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,799 shares of the industrial products company’s stock after selling 2,390 shares during the period. Alliancebernstein L.P. owned about 0.13% of MSA Safety Incorporporated worth $3,880,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can lifted its holdings in MSA Safety Incorporporated by 3.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 18,208 shares of the industrial products company’s stock worth $1,286,000 after buying an additional 587 shares during the last quarter. First Trust Advisors LP lifted its holdings in MSA Safety Incorporporated by 23.5% during the 1st quarter. First Trust Advisors LP now owns 30,631 shares of the industrial products company’s stock worth $2,165,000 after buying an additional 5,824 shares during the last quarter. Comerica Bank lifted its holdings in MSA Safety Incorporporated by 5.0% during the 1st quarter. Comerica Bank now owns 24,229 shares of the industrial products company’s stock worth $1,952,000 after buying an additional 1,150 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in MSA Safety Incorporporated by 71.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,436 shares of the industrial products company’s stock worth $102,000 after buying an additional 597 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in MSA Safety Incorporporated by 47.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 15,222 shares of the industrial products company’s stock worth $1,076,000 after buying an additional 4,931 shares during the last quarter. Hedge funds and other institutional investors own 66.74% of the company’s stock.
In other 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 owns 1,025,013 shares of the company’s stock, valued at $73,216,678.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 directly owns 13,801 shares in the company, valued at approximately $980,975.08. The disclosure for this sale can be found here. Insiders have sold 40,211 shares of company stock worth $2,879,428 in the last ninety days. Corporate insiders own 15.53% of the company’s stock.
MSA has been the subject of a number of recent analyst reports. BidaskClub downgraded MSA Safety Incorporporated from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Robert W. Baird lifted their price target on MSA Safety Incorporporated from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, June 30th. Zacks Investment Research downgraded MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a report 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 report on Friday, August 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $86.33.
Shares of MSA Safety Incorporporated (MSA) opened at 77.30 on Friday. MSA Safety Incorporporated has a one year low of $55.00 and a one year high of $84.86. The firm’s 50-day moving average price is $73.61 and its 200-day moving average price is $75.72. The stock has a market capitalization of $2.95 billion, a P/E ratio of 38.94 and a beta of 1.64.
MSA Safety Incorporporated (NYSE:MSA) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). The firm had revenue of $288.78 million during the quarter, compared to analysts’ expectations of $302.94 million. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 earnings per share. Equities research analysts anticipate that MSA Safety Incorporporated will post $3.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 10th. Shareholders of record on Wednesday, August 16th were given a $0.35 dividend. The ex-dividend date was Monday, August 14th. This represents a $1.40 dividend on an annualized basis and a yield of 1.81%. MSA Safety Incorporporated’s payout ratio is currently 71.07%.
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.
Receive News & Ratings for MSA Safety Incorporporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSA Safety Incorporporated and related companies with Analyst Ratings Network's FREE daily email newsletter.