UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stake in MSA Safety Incorporated (NYSE:MSA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in MSA Safety Incorporated (NYSE:MSA - Free Report) by 8.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 813,097 shares of the industrial products company's stock after selling 77,690 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 2.07% of MSA Safety worth $144,195,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in MSA Safety by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 770,641 shares of the industrial products company's stock worth $144,642,000 after buying an additional 22,366 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of MSA Safety by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 738,951 shares of the industrial products company's stock valued at $138,695,000 after purchasing an additional 22,979 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in shares of MSA Safety by 43.5% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 440,316 shares of the industrial products company's stock valued at $78,086,000 after purchasing an additional 133,373 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of MSA Safety by 6.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 418,237 shares of the industrial products company's stock valued at $74,170,000 after purchasing an additional 26,835 shares during the last quarter. Finally, Cooke & Bieler LP bought a new position in shares of MSA Safety during the 2nd quarter valued at about $60,236,000. Institutional investors own 92.51% of the company's stock.

MSA Safety Price Performance

Shares of MSA traded down $0.51 during midday trading on Friday, hitting $173.81. 100,820 shares of the company traded hands, compared to its average volume of 171,633. The firm has a 50 day moving average of $172.33 and a 200-day moving average of $178.96. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 25.12 and a beta of 0.99. MSA Safety Incorporated has a 52 week low of $160.02 and a 52 week high of $200.60.

MSA Safety (NYSE:MSA - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.05. The firm had revenue of $432.68 million for the quarter, compared to analysts' expectations of $449.95 million. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The business's revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 EPS. On average, analysts forecast that MSA Safety Incorporated will post 7.64 EPS for the current fiscal year.

MSA Safety Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Friday, November 15th. MSA Safety's dividend payout ratio is 29.48%.

Analyst Upgrades and Downgrades

Separately, B. Riley started coverage on shares of MSA Safety in a report on Tuesday, November 5th. They set a "buy" rating and a $200.00 price objective for the company.

About MSA Safety

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.