Thematics Asset Management Has $16.51 Million Stock Holdings in MSA Safety Incorporporated $MSA

Key Points

• Thematics Asset Management reduced its stake in MSA Safety Incorporated by 17.9%, resulting in ownership of 112,535 shares valued at approximately $16.5 million.
• Several institutional investors, including Bayforest Capital Ltd and UMB Bank, increased their holdings, contributing to institutional ownership rising to 92.51% of MSA's stock.
• MSA Safety's latest earnings report showed an EPS of $1.93, exceeding estimates, and a quarterly revenue increase of 2.5% compared to the previous year, totaling $474.12 million.

Thematics Asset Management lessened its stake in MSA Safety Incorporporated (NYSE:MSA - Free Report) by 17.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,535 shares of the industrial products company's stock after selling 24,465 shares during the quarter. Thematics Asset Management owned approximately 0.29% of MSA Safety Incorporporated worth $16,508,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in MSA Safety Incorporporated by 1.4% in the first quarter. JPMorgan Chase & Co. now owns 2,027,471 shares of the industrial products company's stock valued at $297,410,000 after buying an additional 27,692 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of MSA Safety Incorporporated by 31.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,131,515 shares of the industrial products company's stock valued at $187,573,000 after acquiring an additional 271,264 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of MSA Safety Incorporporated by 33.9% during the 1st quarter. Conestoga Capital Advisors LLC now owns 790,939 shares of the industrial products company's stock valued at $116,023,000 after acquiring an additional 200,221 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in MSA Safety Incorporporated by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 760,794 shares of the industrial products company's stock worth $126,118,000 after purchasing an additional 4,734 shares during the last quarter. Finally, Cooke & Bieler LP lifted its stake in MSA Safety Incorporporated by 9.2% during the first quarter. Cooke & Bieler LP now owns 711,444 shares of the industrial products company's stock worth $104,362,000 after purchasing an additional 60,078 shares during the last quarter. Institutional investors own 92.51% of the company's stock.

MSA Safety Incorporporated Price Performance

MSA traded down $1.16 on Thursday, reaching $172.97. The company had a trading volume of 204,415 shares, compared to its average volume of 207,487. The company has a market capitalization of $6.77 billion, a P/E ratio of 24.67 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. The company has a fifty day moving average of $173.19 and a 200-day moving average of $161.37. MSA Safety Incorporporated has a one year low of $127.86 and a one year high of $187.41.

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

MSA Safety Incorporporated Dividend Announcement

The company 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 dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.12 annualized dividend and a yield of 1.2%. MSA Safety Incorporporated's dividend payout ratio (DPR) is currently 30.24%.

Analyst Upgrades and Downgrades

MSA has been the subject of several research reports. Robert W. Baird set a $166.00 price target on shares of MSA Safety Incorporporated in a report on Monday, May 5th. DA Davidson raised their target price 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. Stifel Nicolaus started coverage on MSA Safety Incorporporated in a report on Wednesday, July 16th. They set a "hold" rating and a $182.00 target price for the company. B. Riley reissued a "buy" rating and issued a $195.00 price target (down previously from $200.00) on shares of MSA Safety Incorporporated in a report on Thursday, May 1st. Finally, Wall Street Zen upgraded MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, MSA Safety Incorporporated presently has an average rating of "Hold" and a consensus price target of $189.20.

About MSA Safety Incorporporated

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.