Mountain Pacific Investment Advisers Inc. ID Has $15.34 Million Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

Mountain Pacific Investment Advisers Inc. ID lifted its holdings in MSA Safety Incorporated (NYSE:MSA - Free Report) by 29.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,844 shares of the industrial products company's stock after buying an additional 20,512 shares during the quarter. Mountain Pacific Investment Advisers Inc. ID owned 0.23% of MSA Safety worth $15,337,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. abrdn plc raised its holdings in MSA Safety by 68.9% during the third quarter. abrdn plc now owns 223,397 shares of the industrial products company's stock worth $35,219,000 after purchasing an additional 91,100 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of MSA Safety by 4.3% in the third quarter. JPMorgan Chase & Co. now owns 2,132,779 shares of the industrial products company's stock worth $336,233,000 after acquiring an additional 87,707 shares during the last quarter. Baillie Gifford & Co. acquired a new position in shares of MSA Safety in the fourth quarter worth $13,126,000. Lord Abbett & CO. LLC raised its holdings in shares of MSA Safety by 31.8% in the third quarter. Lord Abbett & CO. LLC now owns 281,558 shares of the industrial products company's stock worth $44,388,000 after acquiring an additional 67,902 shares during the last quarter. Finally, Conestoga Capital Advisors LLC acquired a new position in shares of MSA Safety in the fourth quarter worth $9,944,000. 92.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised MSA Safety from a "hold" rating to a "buy" rating in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, MSA Safety has an average rating of "Moderate Buy" and a consensus price target of $189.50.

Insider Buying and Selling

In related news, CEO Nishan J. Vartanian sold 4,099 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $185.75, for a total value of $761,389.25. Following the transaction, the chief executive officer now owns 67,800 shares in the company, valued at $12,593,850. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other MSA Safety news, Director Rebecca B. Roberts sold 1,100 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $181.84, for a total transaction of $200,024.00. Following the sale, the director now owns 8,474 shares in the company, valued at $1,540,912.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Nishan J. Vartanian sold 4,099 shares of the company's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $185.75, for a total value of $761,389.25. Following the sale, the chief executive officer now owns 67,800 shares in the company, valued at approximately $12,593,850. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,504 shares of company stock worth $1,017,991. 6.20% of the stock is currently owned by corporate insiders.

MSA Safety Stock Up 0.0 %

Shares of NYSE MSA traded up $0.07 on Friday, hitting $188.78. The company had a trading volume of 99,800 shares, compared to its average volume of 105,834. MSA Safety Incorporated has a 12-month low of $122.57 and a 12-month high of $196.02. The business has a 50 day moving average of $186.97 and a two-hundred day moving average of $172.95. The company has a quick ratio of 1.48, a current ratio of 2.36 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $7.42 billion, a P/E ratio of 130.19 and a beta of 1.01.

MSA Safety (NYSE:MSA - Get Free Report) last issued its earnings results on Wednesday, February 14th. The industrial products company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.18. MSA Safety had a return on equity of 32.44% and a net margin of 3.28%. The company had revenue of $495.00 million during the quarter, compared to the consensus estimate of $467.52 million. During the same quarter in the prior year, the business earned $1.80 earnings per share. The company's revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts forecast that MSA Safety Incorporated will post 7.56 earnings per share for the current fiscal year.

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.