MSA Safety Incorporated (NYSE:MSA) Stock Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in MSA Safety Incorporated (NYSE:MSA - Free Report) by 65.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,825 shares of the industrial products company's stock after buying an additional 28,914 shares during the period. Envestnet Asset Management Inc. owned approximately 0.19% of MSA Safety worth $12,072,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in MSA Safety by 78.4% during the 4th quarter. UMB Bank n.a. now owns 182 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 80 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in shares of MSA Safety by 120.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 225 shares of the industrial products company's stock worth $37,000 after purchasing an additional 123 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in shares of MSA Safety by 97.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 251 shares of the industrial products company's stock worth $42,000 after purchasing an additional 124 shares during the last quarter. First Horizon Advisors Inc. grew its stake in MSA Safety by 81.3% in the fourth quarter. First Horizon Advisors Inc. now owns 330 shares of the industrial products company's stock worth $55,000 after purchasing an additional 148 shares in the last quarter. Finally, Hilltop National Bank increased its holdings in MSA Safety by 23.5% in the fourth quarter. Hilltop National Bank now owns 520 shares of the industrial products company's stock valued at $86,000 after buying an additional 99 shares during the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird decreased their target price on MSA Safety from $175.00 to $161.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $194.20.

Insider Activity at MSA Safety

In related news, CAO Jonathan D. Buck sold 717 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $159.00, for a total value of $114,003.00. Following the completion of the transaction, the chief accounting officer now owns 3,673 shares in the company, valued at $584,007. This represents a 16.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.

MSA Safety Stock Performance

MSA traded up $4.20 on Wednesday, hitting $149.37. 23,950 shares of the company's stock were exchanged, compared to its average volume of 181,428. The company has a current ratio of 2.79, a quick ratio of 1.76 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average of $150.46 and a two-hundred day moving average of $162.42. MSA Safety Incorporated has a twelve month low of $127.86 and a twelve month high of $200.60. The firm has a market cap of $5.86 billion, a PE ratio of 20.72 and a beta of 0.97.

MSA Safety (NYSE:MSA - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. MSA Safety had a return on equity of 28.64% and a net margin of 15.76%. On average, research analysts anticipate that MSA Safety Incorporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Company Profile

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.