MSA Safety Incorporated (MSA) Holdings Trimmed by OxFORD Asset Management LLP
OxFORD Asset Management LLP cut its stake in shares of MSA Safety Incorporated (NYSE:MSA) by 31.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,292 shares of the industrial products company’s stock after selling 8,487 shares during the period. OxFORD Asset Management LLP’s holdings in MSA Safety were worth $1,458,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in MSA Safety by 96.4% during the 2nd quarter. Principal Financial Group Inc. now owns 851,097 shares of the industrial products company’s stock valued at $69,084,000 after acquiring an additional 417,796 shares in the last quarter. First Trust Advisors LP lifted its stake in MSA Safety by 18.2% during the 3rd quarter. First Trust Advisors LP now owns 34,261 shares of the industrial products company’s stock valued at $2,724,000 after acquiring an additional 5,265 shares in the last quarter. Chicago Equity Partners LLC bought a new position in MSA Safety during the 2nd quarter valued at $1,098,000. California Public Employees Retirement System lifted its stake in MSA Safety by 7.9% during the 2nd quarter. California Public Employees Retirement System now owns 53,500 shares of the industrial products company’s stock valued at $4,343,000 after acquiring an additional 3,900 shares in the last quarter. Finally, FDx Advisors Inc. bought a new position in MSA Safety during the 3rd quarter valued at $315,000. Institutional investors and hedge funds own 67.56% of the company’s stock.
In other news, insider Kerry M. Bove sold 5,947 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $80.21, for a total transaction of $477,008.87. Following the completion of the sale, the insider now directly owns 66,863 shares of the company’s stock, valued at approximately $5,363,081.23. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Markus H. Weber sold 3,566 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $80.12, for a total value of $285,707.92. Following the sale, the vice president now directly owns 12,651 shares of the company’s stock, valued at $1,013,598.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,413 shares of company stock valued at $9,074,831. Insiders own 15.53% of the company’s stock.
Shares of MSA Safety Incorporated (NYSE:MSA) opened at $78.99 on Monday. 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 $3,004.15, a price-to-earnings ratio of 25.24 and a beta of 1.69. 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 earnings results on Thursday, October 19th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.13. MSA Safety had a return on equity of 20.56% and a net margin of 7.32%. The firm had revenue of $296.13 million during the quarter, compared to analyst estimates of $298.47 million. During the same period last year, the firm posted $0.72 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. sell-side analysts predict that MSA Safety Incorporated will post 3.31 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Tuesday, November 14th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Monday, November 13th. MSA Safety’s dividend payout ratio is presently 64.52%.
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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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