California State Teachers Retirement System Cuts Holdings in MSA Safety Incorporated (MSA)
California State Teachers Retirement System decreased its position in MSA Safety Incorporated (NYSE:MSA) by 9.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 53,392 shares of the industrial products company’s stock after selling 5,697 shares during the period. California State Teachers Retirement System owned about 0.14% of MSA Safety worth $4,245,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC lifted its stake in MSA Safety by 58.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 465 shares in the last quarter. Citigroup Inc. lifted its stake in MSA Safety by 18.3% in the 2nd quarter. Citigroup Inc. now owns 1,401 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 217 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in MSA Safety by 8.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,560 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 124 shares in the last quarter. Royal Bank of Canada lifted its stake in MSA Safety by 3.3% in the 2nd quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 53 shares in the last quarter. Finally, Pacad Investment Ltd. lifted its stake in MSA Safety by 27.8% in the 2nd quarter. Pacad Investment Ltd. now owns 2,300 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 67.20% of the company’s stock.
Shares of MSA Safety Incorporated (MSA) opened at $78.57 on Friday. MSA Safety Incorporated has a 12 month low of $65.95 and a 12 month high of $86.36. The stock has a market capitalization of $2,987.41, a P/E ratio of 36.21 and a beta of 1.70. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.52 and a current ratio of 2.11.
MSA Safety (NYSE:MSA) last announced its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. MSA Safety had a return on equity of 20.56% and a net margin of 7.32%. The company had revenue of $296.13 million for the quarter, compared to analysts’ expectations of $298.47 million. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. research analysts forecast that MSA Safety Incorporated will post 3.31 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Tuesday, November 14th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Monday, November 13th. MSA Safety’s dividend payout ratio is currently 64.52%.
Several equities research analysts have commented on MSA shares. Zacks Investment Research upgraded MSA Safety from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Thursday, November 9th. Robert W. Baird cut MSA Safety from an “outperform” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a research note on Tuesday, October 3rd. Finally, Barrington Research reiterated a “market perform” rating on shares of MSA Safety in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. MSA Safety presently has a consensus rating of “Hold” and a consensus price target of $89.00.
In related news, insider Nishan J. Vartanian sold 705 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $79.46, for a total transaction of $56,019.30. Following the transaction, the insider now directly owns 32,160 shares of the company’s stock, valued at approximately $2,555,433.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman William M. Lambert sold 7,258 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $79.55, for a total value of $577,373.90. Following the transaction, the chairman now directly owns 164,737 shares in the company, valued at $13,104,828.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,413 shares of company stock worth $9,074,831. Company insiders own 15.53% of the company’s stock.
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MSA Safety Profile
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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