Tidal Investments LLC Has $1.04 Million Stake in MSA Safety Incorporated (NYSE:MSA)

Tidal Investments LLC decreased its position in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,289 shares of the industrial products company's stock after selling 1,771 shares during the period. Tidal Investments LLC's holdings in MSA Safety were worth $1,043,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MSA. Redmond Asset Management LLC acquired a new position in shares of MSA Safety during the 4th quarter worth about $362,000. Anchor Capital Advisors LLC lifted its holdings in shares of MSA Safety by 18.8% during the fourth quarter. Anchor Capital Advisors LLC now owns 10,700 shares of the industrial products company's stock worth $1,774,000 after buying an additional 1,694 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of MSA Safety by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 424,356 shares of the industrial products company's stock valued at $70,345,000 after acquiring an additional 6,119 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of MSA Safety by 27.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 124,041 shares of the industrial products company's stock valued at $20,468,000 after acquiring an additional 26,470 shares during the period. Finally, Barclays PLC grew its stake in shares of MSA Safety by 62.0% in the third quarter. Barclays PLC now owns 16,688 shares of the industrial products company's stock worth $2,959,000 after acquiring an additional 6,384 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on MSA. DA Davidson decreased their price target on shares of MSA Safety from $188.00 to $183.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. B. Riley reiterated a "buy" rating and issued a $195.00 target price (down previously from $200.00) on shares of MSA Safety in a research note on Thursday, May 1st. Wall Street Zen upgraded MSA Safety from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th. Finally, Robert W. Baird set a $166.00 price target on MSA Safety in a report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $191.80.

Insider Activity

In other news, Chairman Nishan J. Vartanian sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $161.32, for a total transaction of $4,839,600.00. Following the transaction, the chairman now directly owns 35,401 shares in the company, valued at approximately $5,710,889.32. This represents a 45.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by corporate insiders.

MSA Safety Price Performance

Shares of NYSE:MSA traded down $0.72 on Friday, hitting $163.50. The stock had a trading volume of 38,239 shares, compared to its average volume of 183,429. The firm's 50 day moving average price is $150.81 and its 200-day moving average price is $160.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.76 and a current ratio of 2.79. MSA Safety Incorporated has a twelve month low of $127.86 and a twelve month high of $200.61. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 22.68 and a beta of 0.96.

MSA Safety (NYSE:MSA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.09. The company had revenue of $421.34 million during the quarter, compared to analyst estimates of $402.60 million. MSA Safety had a net margin of 15.76% and a return on equity of 28.64%. The company's revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.61 earnings per share. On average, equities research analysts predict that MSA Safety Incorporated will post 8.06 earnings per share for the current year.

MSA Safety Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Thursday, May 15th. This is a boost from MSA Safety's previous quarterly dividend of $0.51. MSA Safety's dividend payout ratio is presently 29.24%.

MSA Safety 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.