GSA Capital Partners LLP Purchases Shares of 4,154 MSA Safety Incorporated (NYSE:MSA)

GSA Capital Partners LLP bought a new position in MSA Safety Incorporated (NYSE:MSA - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,154 shares of the industrial products company's stock, valued at approximately $737,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Entropy Technologies LP bought a new stake in shares of MSA Safety in the third quarter worth $248,000. Crossmark Global Holdings Inc. grew its stake in shares of MSA Safety by 32.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,172 shares of the industrial products company's stock valued at $562,000 after purchasing an additional 772 shares during the period. Covestor Ltd increased its position in shares of MSA Safety by 985.1% during the 3rd quarter. Covestor Ltd now owns 803 shares of the industrial products company's stock valued at $143,000 after purchasing an additional 729 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of MSA Safety by 2.5% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 70,160 shares of the industrial products company's stock worth $12,439,000 after purchasing an additional 1,724 shares during the period. Finally, AIA Group Ltd boosted its holdings in shares of MSA Safety by 11.3% in the third quarter. AIA Group Ltd now owns 23,201 shares of the industrial products company's stock worth $4,114,000 after buying an additional 2,363 shares during the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on MSA shares. Stifel Nicolaus upped their target price on shares of MSA Safety from $200.00 to $215.00 and gave the company a "buy" rating in a report on Friday, July 26th. B. Riley initiated coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They issued a "buy" rating and a $200.00 price target on the stock.

MSA Safety Stock Performance

MSA traded down $2.62 during trading on Monday, hitting $169.42. The company's stock had a trading volume of 118,638 shares, compared to its average volume of 153,552. 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 one year low of $160.02 and a one year high of $200.60. The firm has a market cap of $6.66 billion, a PE ratio of 25.24 and a beta of 0.99. The business's 50 day simple moving average is $173.16 and its 200-day simple moving average is $179.93.

MSA Safety (NYSE:MSA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. The firm had revenue of $432.68 million for the quarter, compared to the consensus estimate of $449.95 million. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The company's revenue was down 3.1% on a year-over-year basis. During the same period last year, the firm earned $1.78 EPS. As a group, sell-side analysts predict that MSA Safety Incorporated will post 7.64 EPS for the current fiscal year.

MSA Safety Announces Dividend

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

MSA Safety 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.