UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 7,665 Shares of MSA Safety Incorporporated $MSA

Key Points

• UBS Asset Management increased its MSA Safety position by 9.3% in the second quarter, acquiring 7,665 shares for a total of 89,832 shares valued at approximately $15.7 million. Institutional investors own 92.51% of the company.
• MSA Safety reported quarterly earnings of $2.40 per share, exceeding the $2.14 consensus estimate, while revenue rose 6.2% year over year to $503.33 million. The company declared a quarterly dividend of $0.54 per share, representing a 1.1% yield.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and a $211.33 price target. Meanwhile, company insiders sold shares, including the chairman’s sale of 20,000 shares.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of MSA Safety Incorporporated (NYSE:MSA - Free Report) by 9.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,832 shares of the industrial products company's stock after acquiring an additional 7,665 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of MSA Safety Incorporporated worth $15,683,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MSA. Sanctuary Advisors LLC lifted its position in shares of MSA Safety Incorporporated by 1.6% in the fourth quarter. Sanctuary Advisors LLC now owns 3,958 shares of the industrial products company's stock worth $634,000 after purchasing an additional 64 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in MSA Safety Incorporporated by 4.4% during the third quarter. Crossmark Global Holdings Inc. now owns 1,728 shares of the industrial products company's stock worth $297,000 after purchasing an additional 73 shares during the last quarter. Clearstead Advisors LLC grew its position in MSA Safety Incorporporated by 2.8% in the fourth quarter. Clearstead Advisors LLC now owns 3,033 shares of the industrial products company's stock valued at $486,000 after purchasing an additional 82 shares in the last quarter. Root Financial Partners LLC grew its position in MSA Safety Incorporporated by 109.3% in the first quarter. Root Financial Partners LLC now owns 157 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 82 shares in the last quarter. Finally, Snowden Capital Advisors LLC increased its stake in MSA Safety Incorporporated by 3.8% in the 2nd quarter. Snowden Capital Advisors LLC now owns 2,327 shares of the industrial products company's stock valued at $390,000 after buying an additional 85 shares during the last quarter. 92.51% of the stock is owned by institutional investors.

MSA Safety Incorporporated Stock Performance

NYSE MSA opened at $188.73 on Friday. The firm has a market capitalization of $7.28 billion, a P/E ratio of 23.47 and a beta of 0.94. The company has a current ratio of 3.24, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The firm's fifty day moving average price is $181.55 and its two-hundred day moving average price is $176.07. MSA Safety Incorporporated has a 1 year low of $151.10 and a 1 year high of $208.92.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The industrial products company reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.26. The company had revenue of $503.33 million during the quarter, compared to the consensus estimate of $496.27 million. MSA Safety Incorporporated had a net margin of 16.13% and a return on equity of 25.13%. The company's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.93 EPS. As a group, research analysts anticipate that MSA Safety Incorporporated will post 9.2 EPS for the current year.

MSA Safety Incorporporated Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 14th will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, August 14th. This represents a $2.16 dividend on an annualized basis and a yield of 1.1%. MSA Safety Incorporporated's dividend payout ratio (DPR) is presently 26.87%.

Insider Buying and Selling

In other news, CAO Jonathan D. Buck sold 469 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $191.00, for a total value of $89,579.00. Following the completion of the sale, the chief accounting officer directly owned 3,776 shares of the company's stock, valued at $721,216. This trade represents a 11.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Nishan J. Vartanian sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $193.99, for a total value of $3,879,800.00. Following the completion of the sale, the chairman directly owned 50,324 shares of the company's stock, valued at approximately $9,762,352.76. The trade was a 28.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on MSA shares. B. Riley Financial cut shares of MSA Safety Incorporporated from a "buy" rating to a "neutral" rating and cut their price target for the stock from $210.00 to $195.00 in a research report on Monday, August 3rd. DA Davidson set a $223.00 price objective on MSA Safety Incorporporated in a report on Tuesday, August 4th. Weiss Ratings raised MSA Safety Incorporporated from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, August 7th. Robert W. Baird upped their target price on MSA Safety Incorporporated from $197.00 to $215.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Finally, Wall Street Zen raised MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research report on Sunday. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $211.33.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company's offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA's products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.

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