Eisler Capital Management Ltd. Makes New $290,000 Investment in MSA Safety Incorporporated $MSA

Key Points

• Eisler Capital Management Ltd. acquired a new stake in MSA Safety Incorporated by purchasing 1,958 shares valued at approximately $290,000 during the first quarter.
• Multiple institutional investors significantly increased their stakes in MSA, with Bayforest Capital Ltd. augmenting its position by 3,400% in the same period.
• Analysts have set a consensus target price of $189.20 for MSA Safety Incorporporated, with a mix of Buy and Hold ratings from various firms.

Eisler Capital Management Ltd. bought a new stake in shares of MSA Safety Incorporporated (NYSE:MSA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,958 shares of the industrial products company's stock, valued at approximately $290,000.

A number of other hedge funds have also added to or reduced their stakes in MSA. Prentiss Smith & Co. Inc. lifted its stake in MSA Safety Incorporporated by 0.3% in the first quarter. Prentiss Smith & Co. Inc. now owns 23,136 shares of the industrial products company's stock valued at $3,394,000 after buying an additional 70 shares during the period. GAMMA Investing LLC increased its stake in shares of MSA Safety Incorporporated by 39.4% in the 1st quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 76 shares in the last quarter. UMB Bank n.a. lifted its position in shares of MSA Safety Incorporporated by 54.4% during the 1st quarter. UMB Bank n.a. now owns 281 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 99 shares during the period. Louisiana State Employees Retirement System boosted its stake in MSA Safety Incorporporated by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the industrial products company's stock worth $1,614,000 after acquiring an additional 100 shares in the last quarter. Finally, Covestor Ltd grew its holdings in MSA Safety Incorporporated by 11.6% in the first quarter. Covestor Ltd now owns 970 shares of the industrial products company's stock worth $142,000 after purchasing an additional 101 shares during the period. 92.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MSA has been the topic of several research reports. Stifel Nicolaus initiated coverage on shares of MSA Safety Incorporporated in a report on Wednesday, July 16th. They set a "hold" rating and a $182.00 price objective on the stock. Wall Street Zen raised MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Robert W. Baird set a $166.00 price target on MSA Safety Incorporporated in a report on Monday, May 5th. Finally, DA Davidson boosted their price objective on MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, MSA Safety Incorporporated has an average rating of "Hold" and a consensus target price of $189.20.

MSA Safety Incorporporated Stock Down 0.8%

Shares of MSA traded down $1.37 during trading hours on Tuesday, reaching $169.23. 98,405 shares of the stock traded hands, compared to its average volume of 206,652. MSA Safety Incorporporated has a 52 week low of $127.86 and a 52 week high of $187.41. The stock has a fifty day simple moving average of $173.54 and a 200 day simple moving average of $161.52. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 24.13 and a beta of 0.96. The company has a current ratio of 3.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.54.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The industrial products company reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.17. MSA Safety Incorporporated had a return on equity of 26.03% and a net margin of 15.15%.The company had revenue of $474.12 million during the quarter, compared to the consensus estimate of $446.46 million. During the same period last year, the business posted $2.01 earnings per share. MSA Safety Incorporporated's revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that MSA Safety Incorporporated will post 8.06 EPS for the current year.

MSA Safety Incorporporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a $0.53 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.12 annualized dividend and a yield of 1.3%. MSA Safety Incorporporated's payout ratio is currently 30.24%.

MSA Safety Incorporporated 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.