MSA Safety Incorporated (NYSE:MSA) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP trimmed its holdings in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 55.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,170 shares of the industrial products company's stock after selling 2,698 shares during the period. Aigen Investment Management LP's holdings in MSA Safety were worth $360,000 at the end of the most recent reporting period.

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

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Insider Activity

In other news, CAO Jonathan D. Buck sold 717 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $159.00, for a total transaction of $114,003.00. Following the completion of the sale, the chief accounting officer now directly owns 3,673 shares of the company's stock, valued at $584,007. The trade was a 16.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.20% of the company's stock.

MSA Safety Trading Down 1.2 %

NYSE MSA traded down $1.89 during mid-day trading on Wednesday, reaching $150.59. 97,513 shares of the stock were exchanged, compared to its average volume of 155,251. The stock has a market capitalization of $5.91 billion, a PE ratio of 20.89 and a beta of 0.99. 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 Incorporated has a 1-year low of $150.12 and a 1-year high of $200.61. The business's fifty day simple moving average is $162.10 and its 200 day simple moving average is $169.26.

MSA Safety (NYSE:MSA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, February 14th. MSA Safety's dividend payout ratio (DPR) is 28.29%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSA. DA Davidson initiated coverage on shares of MSA Safety in a report on Thursday, December 19th. They issued a "buy" rating and a $195.00 price target on the stock. Jefferies Financial Group initiated coverage on MSA Safety in a report on Thursday, December 12th. They set a "hold" rating and a $200.00 target price on the stock. Finally, Robert W. Baird reduced their price objective on MSA Safety from $190.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $197.00.

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.