Martingale Asset Management L P Has $9.33 Million Stake in MSA Safety Incorporporated $MSA

Key Points

• Martingale Asset Management L P increased its holdings in MSA Safety Incorporporated by 85.8%, acquiring 29,375 additional shares for a total of 63,618 shares valued at approximately $9.3 million.
• Major institutional investors have also boosted their positions in MSA, with JPMorgan Chase & Co. and Price T Rowe Associates Inc. increasing their holdings significantly during the first quarter.
• MSA Safety Incorporporated announced a quarterly dividend of $0.53 per share, representing a 1.2% yield based on an annualized payout of $2.12.

Martingale Asset Management L P increased its stake in shares of MSA Safety Incorporporated (NYSE:MSA - Free Report) by 85.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 63,618 shares of the industrial products company's stock after purchasing an additional 29,375 shares during the period. Martingale Asset Management L P owned approximately 0.16% of MSA Safety Incorporporated worth $9,332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bayforest Capital Ltd grew its holdings in shares of MSA Safety Incorporporated by 3,400.0% during the first quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company's stock worth $26,000 after purchasing an additional 170 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of MSA Safety Incorporporated by 39.4% during the first quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company's stock worth $39,000 after buying an additional 76 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of MSA Safety Incorporporated by 54.4% during the first quarter. UMB Bank n.a. now owns 281 shares of the industrial products company's stock worth $41,000 after buying an additional 99 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of MSA Safety Incorporporated by 24.7% during the first quarter. Fifth Third Bancorp now owns 682 shares of the industrial products company's stock worth $100,000 after buying an additional 135 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of MSA Safety Incorporporated by 11.6% during the first quarter. Covestor Ltd now owns 970 shares of the industrial products company's stock worth $142,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MSA shares. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. DA Davidson boosted their price objective on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Robert W. Baird set a $166.00 price objective on shares of MSA Safety Incorporporated in a research note on Monday, May 5th. Stifel Nicolaus initiated coverage on shares of MSA Safety Incorporporated in a report on Wednesday, July 16th. They issued a "hold" rating and a $182.00 price objective for the company. Finally, B. Riley reissued a "buy" rating and set a $195.00 target price (down from $200.00) on shares of MSA Safety Incorporporated in a research note on Thursday, May 1st. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $189.20.

MSA Safety Incorporporated Stock Performance

NYSE MSA traded up $1.83 during trading hours on Wednesday, hitting $171.97. The company had a trading volume of 31,793 shares, compared to its average volume of 206,243. MSA Safety Incorporporated has a fifty-two week low of $127.86 and a fifty-two week high of $187.41. The business has a fifty day simple moving average of $173.01 and a 200-day simple moving average of $161.29. The company has a quick ratio of 1.90, a current ratio of 3.11 and a debt-to-equity ratio of 0.54. The firm has a market cap of $6.73 billion, a P/E ratio of 24.48 and a beta of 0.96.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last released its earnings results on Monday, August 4th. The industrial products company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.17. The firm had revenue of $474.12 million for the quarter, compared to analyst estimates of $446.46 million. MSA Safety Incorporporated had a return on equity of 26.03% and a net margin of 15.15%.MSA Safety Incorporporated's revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.01 earnings per share. Equities analysts predict that MSA Safety Incorporporated will post 8.06 EPS for the current year.

MSA Safety Incorporporated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.53 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.2%. MSA Safety Incorporporated's dividend payout ratio (DPR) is 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.