Cubist Systematic Strategies LLC Sells 7,902 Shares of MSA Safety Incorporated (NYSE:MSA)

Cubist Systematic Strategies LLC reduced its position in shares of MSA Safety Incorporated (NYSE:MSA) by 78.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,225 shares of the industrial products company’s stock after selling 7,902 shares during the period. Cubist Systematic Strategies LLC’s holdings in MSA Safety were worth $368,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of MSA. Bbva USA acquired a new stake in MSA Safety in the 2nd quarter valued at about $51,000. Van ECK Associates Corp increased its position in MSA Safety by 129.3% in the 2nd quarter. Van ECK Associates Corp now owns 454 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 256 shares in the last quarter. Allegheny Financial Group LTD acquired a new stake in MSA Safety in the 2nd quarter valued at about $200,000. LPL Financial LLC acquired a new stake in MSA Safety in the 2nd quarter valued at about $214,000. Finally, Natixis Investment Managers International increased its position in MSA Safety by 22.3% in the 2nd quarter. Natixis Investment Managers International now owns 1,332 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 77.25% of the company’s stock.

Shares of NYSE:MSA opened at $154.40 on Thursday. MSA Safety Incorporated has a one year low of $141.25 and a one year high of $172.84. The business’s 50 day simple moving average is $151.68. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.41 and a current ratio of 2.15. The firm has a market cap of $6.05 billion, a PE ratio of 65.70 and a beta of 0.93.

MSA Safety (NYSE:MSA) last issued its quarterly earnings results on Wednesday, October 27th. The industrial products company reported $0.94 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.09). MSA Safety had a return on equity of 20.19% and a net margin of 6.73%. The business had revenue of $340.20 million for the quarter, compared to analyst estimates of $341.34 million. During the same quarter in the prior year, the firm earned $0.94 EPS. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts anticipate that MSA Safety Incorporated will post 4.24 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 10th. Investors of record on Monday, November 15th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, November 12th. MSA Safety’s payout ratio is 74.89%.

Separately, Zacks Investment Research cut shares of MSA Safety from a “hold” rating to a “sell” rating in a research report on Wednesday, September 29th.

In other MSA Safety news, Director William M. Lambert sold 10,000 shares of MSA Safety stock in a transaction that occurred on Thursday, September 16th. The shares were sold at an average price of $153.67, for a total value of $1,536,700.00. Following the transaction, the director now owns 41,740 shares of the company’s stock, valued at $6,414,185.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John T. Ryan III sold 2,449 shares of MSA Safety stock in a transaction that occurred on Monday, September 13th. The shares were sold at an average price of $153.88, for a total transaction of $376,852.12. Following the completion of the transaction, the director now directly owns 987,746 shares in the company, valued at approximately $151,994,354.48. The disclosure for this sale can be found here. Insiders have sold a total of 73,019 shares of company stock worth $11,346,534 in the last three months. 6.29% of the stock is owned by insiders.

About MSA Safety

MSA Safety, Inc engages in developing, manufacturing, and sale of innovative products, which enhances the safety and health of workers and protect facility infrastructures. It operates through the following geographical segments: Americas, International, and Corporate. The Americas segment consists of manufacturing and research and development facilities in U.S., Mexico, and Brazil.

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Institutional Ownership by Quarter for MSA Safety (NYSE:MSA)

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