Trexquant Investment LP Has $8.72 Million Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

Trexquant Investment LP increased its position in MSA Safety Incorporated (NYSE:MSA - Free Report) by 609.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 52,599 shares of the industrial products company's stock after purchasing an additional 45,180 shares during the period. Trexquant Investment LP owned about 0.13% of MSA Safety worth $8,719,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in MSA Safety in the 4th quarter worth about $1,131,000. Redmond Asset Management LLC acquired a new position in MSA Safety in the fourth quarter worth approximately $362,000. Anchor Capital Advisors LLC boosted its holdings in MSA Safety by 18.8% in the fourth quarter. Anchor Capital Advisors LLC now owns 10,700 shares of the industrial products company's stock worth $1,774,000 after purchasing an additional 1,694 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in MSA Safety by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 424,356 shares of the industrial products company's stock valued at $70,345,000 after buying an additional 6,119 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in MSA Safety by 27.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 124,041 shares of the industrial products company's stock valued at $20,468,000 after buying an additional 26,470 shares in the last quarter. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

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MSA Safety Stock Performance

MSA Safety stock traded up $10.75 during trading hours on Wednesday, hitting $143.57. The stock had a trading volume of 409,149 shares, compared to its average volume of 168,391. MSA Safety Incorporated has a fifty-two week low of $127.86 and a fifty-two week high of $200.61. The company has a market cap of $5.64 billion, a PE ratio of 19.91 and a beta of 0.97. The company has a 50-day moving average of $154.27 and a two-hundred day moving average of $164.43. The company has a quick ratio of 1.76, a current ratio of 2.79 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 earnings per share for the quarter, topping analysts' consensus estimates of $2.23 by $0.02. MSA Safety had a net margin of 15.76% and a return on equity of 28.64%. On average, equities research analysts anticipate that MSA Safety Incorporated will post 8.06 EPS for the current fiscal year.

MSA Safety Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 14th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend was Friday, February 14th. MSA Safety's payout ratio is 28.29%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Jefferies Financial Group started coverage on MSA Safety in a research report on Thursday, December 12th. They set a "hold" rating and a $200.00 target price for the company. DA Davidson assumed coverage on shares of MSA Safety in a research report on Thursday, December 19th. They set a "buy" rating and a $195.00 target price for the company. Finally, Robert W. Baird lowered their price target 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 research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $197.00.

Insider Activity

In other news, CAO Jonathan D. Buck sold 717 shares of the firm's stock in a transaction that occurred 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 owns 3,673 shares of the company's stock, valued at approximately $584,007. This trade represents a 16.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 6.20% of the company's stock.

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.