Citigroup Inc. lessened its position in MSA Safety Inc (NYSE:MSA) by 15.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,754 shares of the industrial products company’s stock after selling 3,095 shares during the quarter. Citigroup Inc.’s holdings in MSA Safety were worth $1,580,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of MSA. Quantamental Technologies LLC purchased a new stake in MSA Safety in the 4th quarter worth approximately $28,000. Ffcm LLC lifted its position in MSA Safety by 329.5% in the 4th quarter. Ffcm LLC now owns 378 shares of the industrial products company’s stock worth $36,000 after buying an additional 290 shares in the last quarter. Simplex Trading LLC purchased a new stake in MSA Safety in the 4th quarter worth approximately $84,000. Parametrica Management Ltd purchased a new stake in MSA Safety in the 3rd quarter worth approximately $202,000. Finally, Tower Research Capital LLC TRC lifted its position in MSA Safety by 672.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,939 shares of the industrial products company’s stock worth $206,000 after buying an additional 1,688 shares in the last quarter. Institutional investors and hedge funds own 72.90% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of MSA Safety from a “sell” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus reiterated a “buy” rating and issued a $115.00 target price on shares of MSA Safety in a research report on Wednesday, December 19th. William Blair assumed coverage on shares of MSA Safety in a research report on Thursday, January 10th. They issued a “market perform” rating and a $98.30 target price for the company. ValuEngine upgraded shares of MSA Safety from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $105.00 target price on shares of MSA Safety in a research report on Friday, February 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $106.10.
MSA Safety (NYSE:MSA) last released its quarterly earnings results on Thursday, February 21st. The industrial products company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.01. The business had revenue of $361.78 million for the quarter, compared to the consensus estimate of $359.32 million. MSA Safety had a net margin of 9.14% and a return on equity of 27.35%. MSA Safety’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.31 EPS. On average, research analysts expect that MSA Safety Inc will post 4.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Sunday, March 10th. Stockholders of record on Tuesday, February 19th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.50%. MSA Safety’s dividend payout ratio is currently 33.78%.
In other news, Director L Edward Shaw, Jr. sold 50,000 shares of the firm’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $104.02, for a total transaction of $5,201,000.00. Following the transaction, the director now owns 467,238 shares in the company, valued at approximately $48,602,096.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William M. Lambert sold 24,592 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $103.50, for a total transaction of $2,545,272.00. Following the transaction, the insider now owns 56,734 shares in the company, valued at approximately $5,871,969. The disclosure for this sale can be found here. 9.90% of the stock is currently owned by company insiders.
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About MSA Safety
MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.
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