Quest Partners LLC Purchases 10,801 Shares of MSA Safety Incorporated (NYSE:MSA)

Quest Partners LLC boosted its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 270,025.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,805 shares of the industrial products company’s stock after buying an additional 10,801 shares during the period. Quest Partners LLC’s holdings in MSA Safety were worth $1,916,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MSA. GAMMA Investing LLC grew its holdings in shares of MSA Safety by 198.8% during the second quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 163 shares in the last quarter. Blue Trust Inc. lifted its position in MSA Safety by 486.0% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 209 shares during the last quarter. Covestor Ltd grew its stake in MSA Safety by 985.1% in the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock worth $143,000 after buying an additional 729 shares in the last quarter. Kowal Investment Group LLC bought a new position in shares of MSA Safety in the 2nd quarter worth $204,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of MSA Safety during the 2nd quarter valued at $206,000. 92.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of MSA Safety from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. B. Riley initiated coverage on MSA Safety in a research report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 target price for the company.

MSA Safety Stock Performance

NYSE MSA opened at $169.42 on Tuesday. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 25.24 and a beta of 0.99. The company has a 50-day simple moving average of $173.16 and a two-hundred day simple moving average of $179.93. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48. MSA Safety Incorporated has a 12-month low of $160.02 and a 12-month high of $200.60.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.05. The business had revenue of $432.68 million for the quarter, compared to analysts’ expectations of $449.95 million. MSA Safety had a return on equity of 29.14% and a net margin of 15.16%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 EPS. On average, equities analysts forecast that MSA Safety Incorporated will post 7.64 EPS for the current year.

MSA Safety Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.20%. MSA Safety’s dividend payout ratio is currently 29.48%.

About MSA Safety

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.