ExodusPoint Capital Management LP bought a new position in MSA Safety Incorporated (NYSE:MSA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 21,796 shares of the industrial products company's stock, valued at approximately $3,613,000. ExodusPoint Capital Management LP owned 0.06% of MSA Safety at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Trexquant Investment LP increased its holdings in shares of MSA Safety by 609.0% during the 4th quarter. Trexquant Investment LP now owns 52,599 shares of the industrial products company's stock worth $8,719,000 after purchasing an additional 45,180 shares during the period. Geode Capital Management LLC raised its stake in shares of MSA Safety by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 806,438 shares of the industrial products company's stock valued at $133,718,000 after acquiring an additional 24,733 shares during the last quarter. Rodgers Brothers Inc. boosted its stake in MSA Safety by 0.3% in the fourth quarter. Rodgers Brothers Inc. now owns 35,444 shares of the industrial products company's stock worth $5,876,000 after purchasing an additional 122 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of MSA Safety by 2.8% during the fourth quarter. Alliancebernstein L.P. now owns 61,302 shares of the industrial products company's stock worth $10,162,000 after purchasing an additional 1,642 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of MSA Safety in the fourth quarter valued at $1,966,000. 92.51% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on MSA. Robert W. Baird lowered their price target on shares of MSA Safety from $190.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. DA Davidson started coverage on MSA Safety in a research note on Thursday, December 19th. They issued a "buy" rating and a $195.00 price target on the stock. Finally, Jefferies Financial Group initiated coverage on MSA Safety in a research note on Thursday, December 12th. They issued a "hold" rating and a $200.00 price target for the company. Two investment 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, the stock currently has a consensus rating of "Buy" and an average price target of $197.00.
Read Our Latest Stock Analysis on MSA Safety
MSA Safety Stock Up 1.4 %
MSA stock traded up $2.06 during mid-day trading on Friday, hitting $143.93. 310,809 shares of the company were exchanged, compared to its average volume of 170,442. The firm's 50 day simple moving average is $153.43 and its 200 day simple moving average is $163.92. MSA Safety Incorporated has a 1-year low of $127.86 and a 1-year high of $200.61. The firm has a market cap of $5.65 billion, a P/E ratio of 19.96 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.76 and a current ratio of 2.79.
MSA Safety (NYSE:MSA - Get Free Report) last released its earnings results on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.02. MSA Safety had a net margin of 15.76% and a return on equity of 28.64%. On average, sell-side analysts predict that MSA Safety Incorporated will post 8.06 EPS for the current fiscal year.
MSA Safety Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 14th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.42%. MSA Safety's dividend payout ratio is presently 28.29%.
Insider Buying and Selling
In related news, CAO Jonathan D. Buck sold 717 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $159.00, for a total value of $114,003.00. Following the sale, the chief accounting officer now owns 3,673 shares in the company, valued at approximately $584,007. This represents a 16.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.20% of the stock is owned by corporate insiders.
About MSA Safety
(
Free Report)
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.
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