Algert Global LLC Sells 11,890 Shares of MSA Safety Incorporated (NYSE:MSA)

Algert Global LLC cut its holdings in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 53.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,331 shares of the industrial products company's stock after selling 11,890 shares during the quarter. Algert Global LLC's holdings in MSA Safety were worth $1,832,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MSA. Mutual of America Capital Management LLC lifted its position in shares of MSA Safety by 0.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 21,267 shares of the industrial products company's stock worth $3,771,000 after buying an additional 71 shares during the period. Legacy Wealth Asset Management LLC boosted its holdings in shares of MSA Safety by 1.3% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 5,418 shares of the industrial products company's stock worth $961,000 after acquiring an additional 72 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in MSA Safety by 4.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,052 shares of the industrial products company's stock valued at $364,000 after purchasing an additional 84 shares in the last quarter. Moody National Bank Trust Division boosted its stake in MSA Safety by 7.3% in the second quarter. Moody National Bank Trust Division now owns 1,330 shares of the industrial products company's stock worth $250,000 after purchasing an additional 90 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of MSA Safety by 1.6% during the second quarter. Bank of Montreal Can now owns 6,845 shares of the industrial products company's stock worth $1,307,000 after purchasing an additional 109 shares during the last quarter. 92.51% of the stock is owned by institutional investors.

MSA Safety Trading Down 0.3 %

Shares of MSA stock traded down $0.46 during trading hours on Thursday, reaching $174.32. The company had a trading volume of 81,561 shares, compared to its average volume of 154,891. The company has a 50 day moving average of $172.68 and a 200 day moving average of $179.17. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 25.19 and a beta of 0.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56. MSA Safety Incorporated has a 1-year low of $160.02 and a 1-year high of $200.60.

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

MSA Safety Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a $0.51 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.17%. MSA Safety's payout ratio is 29.48%.

Analyst Upgrades and Downgrades

Separately, B. Riley assumed coverage on shares of MSA Safety in a report on Tuesday, November 5th. They issued a "buy" rating and a $200.00 price target for the company.

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.