Walleye Capital LLC Makes New $1.44 Million Investment in MSA Safety Incorporporated $MSA

Key Points

• Walleye Capital LLC has invested approximately $1.44 million in MSA Safety Incorporated, acquiring 9,822 shares during the first quarter.
• MSA Safety Incorporated reported $1.93 EPS for the last quarter, surpassing analysts' expectations of $1.76, while its revenue was $474.12 million, above the forecast of $446.46 million.
• The company announced a quarterly dividend of $0.53, with an annual yield of 1.2%, set to be paid on September 10th.

Walleye Capital LLC bought a new position in shares of MSA Safety Incorporporated (NYSE:MSA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,822 shares of the industrial products company's stock, valued at approximately $1,441,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bayforest Capital Ltd boosted its stake in MSA Safety Incorporporated by 3,400.0% during the 1st quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company's stock worth $26,000 after purchasing an additional 170 shares during the last quarter. GAMMA Investing LLC boosted its stake in MSA Safety Incorporporated by 39.4% during the 1st quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company's stock worth $39,000 after purchasing an additional 76 shares during the last quarter. UMB Bank n.a. boosted its stake in MSA Safety Incorporporated by 54.4% during the 1st quarter. UMB Bank n.a. now owns 281 shares of the industrial products company's stock worth $41,000 after purchasing an additional 99 shares during the last quarter. Fifth Third Bancorp boosted its stake in MSA Safety Incorporporated by 24.7% during the 1st quarter. Fifth Third Bancorp now owns 682 shares of the industrial products company's stock worth $100,000 after purchasing an additional 135 shares during the last quarter. Finally, Covestor Ltd boosted its stake in MSA Safety Incorporporated by 11.6% during the 1st quarter. Covestor Ltd now owns 970 shares of the industrial products company's stock worth $142,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company's stock.

Analyst Ratings Changes

MSA has been the topic of several recent research reports. Stifel Nicolaus initiated coverage on shares of MSA Safety Incorporporated in a research note on Wednesday, July 16th. They set a "hold" rating and a $182.00 target price on the stock. Wall Street Zen raised shares of MSA Safety Incorporporated from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, DA Davidson boosted their price target on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, MSA Safety Incorporporated presently has a consensus rating of "Hold" and a consensus target price of $189.20.

MSA Safety Incorporporated Trading Down 0.4%

MSA traded down $0.73 on Wednesday, hitting $168.34. The company had a trading volume of 126,708 shares, compared to its average volume of 206,766. The firm has a market cap of $6.59 billion, a P/E ratio of 24.00 and a beta of 0.95. MSA Safety Incorporporated has a 1 year low of $127.86 and a 1 year high of $187.41. The company's fifty day moving average price is $173.55 and its 200 day moving average price is $161.57. The company has a current ratio of 3.11, a quick ratio of 1.90 and a debt-to-equity ratio of 0.54.

MSA Safety Incorporporated (NYSE:MSA - Get Free Report) last issued 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. The firm had revenue of $474.12 million for 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%. MSA Safety Incorporporated's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.01 EPS. As a group, equities analysts expect that MSA Safety Incorporporated will post 8.06 earnings per share for the current year.

MSA Safety Incorporporated Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, August 15th. MSA Safety Incorporporated's payout ratio is 30.24%.

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.