Exchange Traded Concepts LLC Has $803,000 Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

Exchange Traded Concepts LLC increased its holdings in MSA Safety Incorporated (NYSE:MSA - Free Report) by 2,594.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,527 shares of the industrial products company's stock after buying an additional 4,359 shares during the period. Exchange Traded Concepts LLC's holdings in MSA Safety were worth $803,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in MSA Safety by 41.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 293,205 shares of the industrial products company's stock worth $49,502,000 after buying an additional 86,225 shares in the last quarter. Vanguard Group Inc. increased its stake in MSA Safety by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 3,826,135 shares of the industrial products company's stock valued at $645,966,000 after acquiring an additional 23,526 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in MSA Safety during the fourth quarter valued at approximately $142,000. CWM LLC raised its position in MSA Safety by 50.7% during the first quarter. CWM LLC now owns 306 shares of the industrial products company's stock valued at $59,000 after purchasing an additional 103 shares in the last quarter. Finally, Mountain Pacific Investment Advisers Inc. ID lifted its stake in MSA Safety by 35.3% during the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 122,898 shares of the industrial products company's stock worth $23,792,000 after purchasing an additional 32,054 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Nishan J. Vartanian sold 3,945 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $189.00, for a total value of $745,605.00. Following the completion of the sale, the chief executive officer now owns 31,953 shares of the company's stock, valued at approximately $6,039,117. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on MSA. William Blair upgraded MSA Safety to a "strong-buy" rating in a research report on Tuesday, July 16th. Stifel Nicolaus raised their price target on shares of MSA Safety from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, July 26th.

MSA Safety Price Performance

Shares of MSA traded down $1.05 during trading hours on Friday, reaching $172.32. The stock had a trading volume of 129,003 shares, compared to its average volume of 151,440. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.54 and a current ratio of 2.45. MSA Safety Incorporated has a 12 month low of $147.35 and a 12 month high of $200.60. The stock has a market capitalization of $6.79 billion, a PE ratio of 25.53 and a beta of 0.99. The company's 50-day moving average is $176.15 and its two-hundred day moving average is $182.74.

MSA Safety (NYSE:MSA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.04. The firm had revenue of $462.46 million for the quarter, compared to analyst estimates of $461.30 million. MSA Safety had a return on equity of 30.64% and a net margin of 14.97%. Research analysts expect that MSA Safety Incorporated will post 7.75 EPS for the current year.

MSA Safety Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, August 15th. MSA Safety's dividend payout ratio (DPR) is currently 30.22%.

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.