Quantbot Technologies LP Takes Position in MSA Safety Incorporporated $MSA

Key Points

• Quantbot Technologies LP acquired 1,792 shares of MSA Safety Incorporated, valued at approximately $263,000, as part of its new position in the company during the first quarter of the year.
• MSA Safety reported $1.93 EPS for the latest quarter, exceeding analysts' expectations of $1.76, along with a revenue of $474.12 million, which was higher than the forecasted $446.46 million.
• The company announced a quarterly dividend of $0.53, with an annualized yield of 1.2%, and will be paid on September 10th to investors of record by August 15th.

Quantbot Technologies LP acquired a new stake in shares of MSA Safety Incorporporated (NYSE:MSA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,792 shares of the industrial products company's stock, valued at approximately $263,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayforest Capital Ltd increased 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 valued at $26,000 after acquiring an additional 170 shares in the last quarter. GAMMA Investing LLC increased 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 valued at $39,000 after acquiring an additional 76 shares in the last quarter. UMB Bank n.a. increased 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 valued at $41,000 after acquiring an additional 99 shares in the last quarter. Fifth Third Bancorp increased 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 valued at $100,000 after acquiring an additional 135 shares in the last quarter. Finally, Covestor Ltd increased 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 valued at $142,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 92.51% of the company's stock.

MSA Safety Incorporporated Stock Performance

NYSE:MSA traded down $1.59 during trading on Tuesday, reaching $169.01. The company's stock had a trading volume of 28,216 shares, compared to its average volume of 206,238. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 24.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.90 and a current ratio of 3.11. The firm has a 50 day moving average of $173.54 and a 200-day moving average of $161.52. MSA Safety Incorporporated has a 12 month low of $127.86 and a 12 month 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 earnings per share (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 firm had revenue of $474.12 million during the quarter, compared to the consensus estimate of $446.46 million. During the same quarter in the prior year, the company earned $2.01 EPS. The business's revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts expect that MSA Safety Incorporporated will post 8.06 EPS for the current fiscal year.

MSA Safety Incorporporated Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on MSA. Wall Street Zen upgraded MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. DA Davidson upped their price target on MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Stifel Nicolaus began coverage on MSA Safety Incorporporated in a report on Wednesday, July 16th. They set a "hold" rating and a $182.00 price target for the company. Finally, Robert W. Baird set a $166.00 price target on MSA Safety Incorporporated in a report on Monday, May 5th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $189.20.

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.