Edmond DE Rothschild Holding S.A. Acquires 1,508 Shares of MSA Safety Incorporporated $MSA

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in MSA Safety Incorporated by 12.7%, purchasing an additional 1,508 shares, now holding a total of 13,366 shares valued at approximately $1.96 million.
• Several other hedge funds made significant investments in MSA Safety, including Bayforest Capital Ltd, which boosted its holdings by 3,400% in the same quarter.
• MSA Safety reported a strong quarterly earnings result, with an EPS of $1.93 that exceeded estimates, along with revenue of $474.12 million, indicating a 2.5% year-over-year growth.

Edmond DE Rothschild Holding S.A. raised its stake in MSA Safety Incorporporated (NYSE:MSA - Free Report) by 12.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,366 shares of the industrial products company's stock after purchasing an additional 1,508 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in MSA Safety Incorporporated were worth $1,961,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of MSA Safety Incorporporated by 39.8% during the first quarter. Royal Bank of Canada now owns 47,391 shares of the industrial products company's stock valued at $6,953,000 after acquiring an additional 13,501 shares in the last quarter. Graham Capital Management L.P. boosted its stake in MSA Safety Incorporporated by 25.1% in the first quarter. Graham Capital Management L.P. now owns 19,906 shares of the industrial products company's stock valued at $2,920,000 after acquiring an additional 3,993 shares during the period. Quarry LP boosted its stake in MSA Safety Incorporporated by 379.2% in the first quarter. Quarry LP now owns 1,567 shares of the industrial products company's stock valued at $230,000 after acquiring an additional 1,240 shares during the period. Panagora Asset Management Inc. boosted its stake in MSA Safety Incorporporated by 10.7% in the first quarter. Panagora Asset Management Inc. now owns 30,281 shares of the industrial products company's stock valued at $4,442,000 after acquiring an additional 2,927 shares during the period. Finally, Vident Advisory LLC acquired a new position in MSA Safety Incorporporated in the first quarter valued at approximately $1,346,000. 92.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on MSA. DA Davidson lifted their price target on MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Wall Street Zen raised MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, Stifel Nicolaus started coverage on MSA Safety Incorporporated in a report on Wednesday, July 16th. They issued a "hold" rating and a $182.00 price target on the stock. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $189.20.

MSA Safety Incorporporated Stock Performance

Shares of MSA traded down $0.34 during trading hours on Wednesday, reaching $168.45. 174,703 shares of the company traded hands, compared to its average volume of 207,244. The stock's fifty day moving average is $173.68 and its 200 day moving average is $161.96. The stock has a market cap of $6.59 billion, a P/E ratio of 24.03 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.90 and a current ratio of 3.11. MSA Safety Incorporporated has a 1-year low of $127.86 and a 1-year high of $187.41.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $474.12 million during the quarter, compared to analyst estimates of $446.46 million. MSA Safety Incorporporated had a net margin of 15.15% and a return on equity of 26.03%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.01 earnings per share. Equities research analysts anticipate that MSA Safety Incorporporated will post 8.06 earnings per share for the current fiscal year.

MSA Safety Incorporporated Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.12 dividend on an annualized basis and a yield of 1.3%. MSA Safety Incorporporated's payout ratio is presently 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.