Ranger Investment Management L.P. Sells 3,090 Shares of MSA Safety Incorporated (NYSE:MSA)

Ranger Investment Management L.P. trimmed its holdings in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 143,270 shares of the industrial products company's stock after selling 3,090 shares during the period. Ranger Investment Management L.P. owned approximately 0.36% of MSA Safety worth $23,750,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in MSA Safety by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 3,883,844 shares of the industrial products company's stock worth $643,825,000 after buying an additional 22,190 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of MSA Safety by 9.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,999,779 shares of the industrial products company's stock valued at $331,503,000 after purchasing an additional 173,210 shares during the last quarter. State Street Corp lifted its holdings in shares of MSA Safety by 2.5% during the 3rd quarter. State Street Corp now owns 1,691,319 shares of the industrial products company's stock valued at $299,939,000 after buying an additional 40,569 shares during the period. Geode Capital Management LLC boosted its stake in shares of MSA Safety by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 806,438 shares of the industrial products company's stock worth $133,718,000 after buying an additional 24,733 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of MSA Safety by 2.3% in the fourth quarter. Bank of New York Mellon Corp now owns 767,634 shares of the industrial products company's stock worth $127,251,000 after acquiring an additional 17,052 shares during the period. Institutional investors own 92.51% of the company's stock.

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Insider Activity

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

MSA Safety Stock Performance

NYSE MSA traded down $2.78 on Monday, reaching $141.41. 100,773 shares of the stock were exchanged, compared to its average volume of 170,470. The company's 50-day simple moving average is $153.43 and its two-hundred day simple moving average is $163.81. MSA Safety Incorporated has a one year low of $127.86 and a one year high of $200.61. The firm has a market capitalization of $5.55 billion, a PE ratio of 19.61 and a beta of 0.97. The company has a current ratio of 2.79, a quick ratio of 1.76 and a debt-to-equity ratio of 0.42.

MSA Safety (NYSE:MSA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. MSA Safety had a return on equity of 28.64% and a net margin of 15.76%. Analysts expect that MSA Safety Incorporated will post 8.06 EPS for the current fiscal year.

MSA Safety Dividend Announcement

The business 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. The ex-dividend date was Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.44%. MSA Safety's dividend payout ratio is currently 28.29%.

Analyst Ratings Changes

Several brokerages have issued reports on MSA. Robert W. Baird dropped their target price 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. DA Davidson started coverage on shares of MSA Safety in a report on Thursday, December 19th. They issued a "buy" rating and a $195.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $197.00.

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.