Hsbc Holdings PLC Boosts Holdings in MSA Safety Incorporated (NYSE:MSA)

Hsbc Holdings PLC boosted its stake in shares of MSA Safety Incorporated (NYSE:MSA - Free Report) by 96.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,607 shares of the industrial products company's stock after purchasing an additional 10,101 shares during the period. Hsbc Holdings PLC owned approximately 0.05% of MSA Safety worth $3,406,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. ORG Partners LLC acquired a new stake in MSA Safety during the fourth quarter worth about $1,131,000. Redmond Asset Management LLC acquired a new stake in shares of MSA Safety during the 4th quarter worth approximately $362,000. Anchor Capital Advisors LLC increased its holdings in shares of MSA Safety by 18.8% during the 4th quarter. Anchor Capital Advisors LLC now owns 10,700 shares of the industrial products company's stock valued at $1,774,000 after purchasing an additional 1,694 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of MSA Safety by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 424,356 shares of the industrial products company's stock valued at $70,345,000 after purchasing an additional 6,119 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in MSA Safety by 27.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 124,041 shares of the industrial products company's stock worth $20,468,000 after buying an additional 26,470 shares in the last quarter. Hedge funds and other institutional investors own 92.51% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird cut their price objective on shares of MSA Safety from $175.00 to $161.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, MSA Safety presently has a consensus rating of "Buy" and an average price target of $194.20.

MSA Safety Price Performance

MSA Safety stock opened at $153.95 on Wednesday. The stock has a market capitalization of $6.04 billion, a P/E ratio of 21.35 and a beta of 0.97. The company's fifty day moving average price is $149.84 and its 200 day moving average price is $161.75. 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 1 year low of $127.86 and a 1 year high of $200.61.

MSA Safety (NYSE:MSA - Get Free Report) last announced its earnings results on Tuesday, April 29th. The industrial products company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. MSA Safety had a net margin of 15.76% and a return on equity of 28.64%. The business had revenue of $421.34 million for the quarter, compared to analyst estimates of $402.60 million. During the same quarter last year, the business earned $1.61 earnings per share. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that MSA Safety Incorporated will post 8.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MSA Safety news, CAO Jonathan D. Buck sold 717 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $159.00, for a total value of $114,003.00. Following the transaction, the chief accounting officer now owns 3,673 shares in the company, valued at approximately $584,007. This trade represents a 16.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by insiders.

MSA Safety 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.

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