Jane Street Group LLC Takes Position in Mine Safety Appliances (MSA)

Jane Street Group LLC purchased a new position in shares of Mine Safety Appliances (NYSE:MSA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,551 shares of the industrial products company’s stock, valued at approximately $275,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSA. New York State Common Retirement Fund boosted its position in shares of Mine Safety Appliances by 0.9% during the third quarter. New York State Common Retirement Fund now owns 76,117 shares of the industrial products company’s stock worth $6,052,000 after buying an additional 705 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Mine Safety Appliances by 4.0% during the third quarter. Great West Life Assurance Co. Can now owns 19,695 shares of the industrial products company’s stock worth $1,590,000 after buying an additional 757 shares during the period. Legal & General Group Plc boosted its position in shares of Mine Safety Appliances by 17.5% during the third quarter. Legal & General Group Plc now owns 28,958 shares of the industrial products company’s stock worth $2,305,000 after buying an additional 4,303 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Mine Safety Appliances by 77.8% during the third quarter. JPMorgan Chase & Co. now owns 87,602 shares of the industrial products company’s stock worth $7,077,000 after buying an additional 38,337 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Mine Safety Appliances by 184.5% during the third quarter. Wells Fargo & Company MN now owns 119,442 shares of the industrial products company’s stock worth $9,496,000 after buying an additional 77,462 shares during the period. Institutional investors and hedge funds own 69.54% of the company’s stock.

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Several research analysts have recently commented on the company. Zacks Investment Research upgraded Mine Safety Appliances from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Saturday, February 24th. Robert W. Baird upgraded Mine Safety Appliances from a “neutral” rating to an “outperform” rating and set a $89.00 target price for the company in a report on Thursday, February 22nd. Finally, TheStreet lowered Mine Safety Appliances from an “a-” rating to a “c+” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Mine Safety Appliances currently has an average rating of “Hold” and a consensus price target of $90.00.

NYSE:MSA opened at $86.27 on Tuesday. The firm has a market capitalization of $3,222.87, a P/E ratio of 22.29 and a beta of 1.45. Mine Safety Appliances has a 12-month low of $65.95 and a 12-month high of $87.31. The company has a quick ratio of 1.62, a current ratio of 2.15 and a debt-to-equity ratio of 0.75.

Mine Safety Appliances (NYSE:MSA) last released its earnings results on Tuesday, February 20th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.31. The firm had revenue of $346.00 million during the quarter, compared to analyst estimates of $326.62 million. Mine Safety Appliances had a return on equity of 23.91% and a net margin of 2.17%. Mine Safety Appliances’s revenue was up 16.9% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. equities research analysts predict that Mine Safety Appliances will post 4.25 earnings per share for the current year.

In other Mine Safety Appliances news, insider Kerry M. Bove sold 4,276 shares of Mine Safety Appliances stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $85.24, for a total transaction of $364,486.24. Following the completion of the sale, the insider now directly owns 58,881 shares of the company’s stock, valued at approximately $5,019,016.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kerry M. Bove sold 2,416 shares of Mine Safety Appliances stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $83.98, for a total value of $202,895.68. Following the sale, the insider now directly owns 51,284 shares of the company’s stock, valued at $4,306,830.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,942 shares of company stock valued at $1,257,437. 9.90% of the stock is currently owned by company insiders.

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About Mine Safety Appliances

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.

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Institutional Ownership by Quarter for Mine Safety Appliances (NYSE:MSA)

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