SG Americas Securities LLC Reduces Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

SG Americas Securities LLC trimmed its position in MSA Safety Incorporated (NYSE:MSA) by 42.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,756 shares of the industrial products company’s stock after selling 2,795 shares during the period. SG Americas Securities LLC’s holdings in MSA Safety were worth $547,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Private Capital Group LLC boosted its position in MSA Safety by 35.4% in the third quarter. Private Capital Group LLC now owns 352 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 92 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of MSA Safety by 129.3% during the 2nd quarter. Van ECK Associates Corp now owns 454 shares of the industrial products company’s stock valued at $75,000 after buying an additional 256 shares in the last quarter. Selective Wealth Management Inc. purchased a new position in shares of MSA Safety during the 3rd quarter valued at about $87,000. LPL Financial LLC purchased a new position in shares of MSA Safety during the 2nd quarter valued at about $214,000. Finally, Natixis Investment Managers International lifted its position in shares of MSA Safety by 22.3% during the 2nd quarter. Natixis Investment Managers International now owns 1,332 shares of the industrial products company’s stock valued at $220,000 after buying an additional 243 shares in the last quarter. 77.21% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on MSA. Sidoti raised MSA Safety from a “neutral” rating to a “buy” rating and set a $183.00 price objective on the stock in a research report on Tuesday, December 7th. Zacks Investment Research raised MSA Safety from a “sell” rating to a “hold” rating in a research report on Wednesday, December 29th.

NYSE MSA opened at $146.60 on Friday. The stock’s 50 day moving average is $148.91 and its 200 day moving average is $154.49. The company has a current ratio of 2.15, a quick ratio of 1.41 and a debt-to-equity ratio of 0.72. MSA Safety Incorporated has a 12 month low of $136.91 and a 12 month high of $172.84. The stock has a market cap of $5.75 billion, a PE ratio of 62.38 and a beta of 0.94.

MSA Safety (NYSE:MSA) last posted its quarterly earnings results on Wednesday, October 27th. The industrial products company reported $0.94 EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $341.34 million. During the same period in the prior year, the firm posted $0.94 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts forecast that MSA Safety Incorporated will post 4.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 10th. Shareholders of record on Monday, November 15th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Friday, November 12th. MSA Safety’s payout ratio is 74.89%.

In other MSA Safety news, Director William M. Lambert sold 5,080 shares of the firm’s stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $154.63, for a total transaction of $785,520.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William M. Lambert sold 54,690 shares of MSA Safety stock in a transaction that occurred on Friday, November 19th. The stock was sold at an average price of $155.77, for a total transaction of $8,519,061.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,270 shares of company stock worth $13,326,182. Corporate insiders own 6.29% of the company’s stock.

MSA Safety Profile

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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