Quest Partners LLC Purchases 10,801 Shares of MSA Safety Incorporated (NYSE:MSA)

Quest Partners LLC raised its stake in MSA Safety Incorporated (NYSE:MSA - Free Report) by 270,025.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,805 shares of the industrial products company's stock after acquiring an additional 10,801 shares during the quarter. Quest Partners LLC's holdings in MSA Safety were worth $1,916,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of MSA. GAMMA Investing LLC boosted its position in shares of MSA Safety by 198.8% during the 2nd quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 163 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of MSA Safety by 486.0% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company's stock valued at $47,000 after buying an additional 209 shares in the last quarter. Covestor Ltd raised its holdings 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 buying an additional 729 shares in the last quarter. Kowal Investment Group LLC purchased a new position in shares of MSA Safety during the 2nd quarter valued at about $204,000. Finally, CIBC Asset Management Inc purchased a new position in shares of MSA Safety during the 2nd quarter valued at about $206,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSA has been the topic of a number of research reports. Stifel Nicolaus raised their price objective on 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 MSA Safety in a research note on Tuesday, November 5th. They issued a "buy" rating and a $200.00 price target on the stock.

MSA Safety Stock Performance

MSA Safety stock traded down $1.35 during mid-day trading on Tuesday, reaching $168.04. 143,186 shares of the stock traded hands, compared to its average volume of 153,506. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56. The business's 50-day moving average is $173.13 and its 200-day moving average is $179.82. The stock has a market capitalization of $6.61 billion, a PE ratio of 24.28 and a beta of 0.99. MSA Safety Incorporated has a 12-month low of $160.02 and a 12-month high of $200.60.

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

MSA Safety Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Friday, November 15th. MSA Safety's dividend payout ratio (DPR) is 29.48%.

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.