MSA Safety Inc (MSA) Stake Lessened by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lessened its stake in shares of MSA Safety Inc (NYSE:MSA) by 55.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,591 shares of the industrial products company’s stock after selling 8,105 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in MSA Safety were worth $549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its holdings in shares of MSA Safety by 315.4% in the fourth quarter. Teacher Retirement System of Texas now owns 11,688 shares of the industrial products company’s stock worth $906,000 after buying an additional 8,874 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of MSA Safety by 9.5% in the fourth quarter. California Public Employees Retirement System now owns 59,992 shares of the industrial products company’s stock worth $4,651,000 after buying an additional 5,199 shares during the last quarter. Swiss National Bank boosted its holdings in shares of MSA Safety by 3.9% in the fourth quarter. Swiss National Bank now owns 58,600 shares of the industrial products company’s stock worth $4,543,000 after buying an additional 2,200 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of MSA Safety by 8.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 80,382 shares of the industrial products company’s stock worth $6,231,000 after buying an additional 6,281 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of MSA Safety by 26.6% in the fourth quarter. Arizona State Retirement System now owns 24,363 shares of the industrial products company’s stock worth $1,889,000 after buying an additional 5,117 shares during the last quarter. 69.37% of the stock is currently owned by hedge funds and other institutional investors.

MSA Safety opened at $95.62 on Friday, according to Marketbeat.com. The company has a current ratio of 2.31, a quick ratio of 1.69 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.67 billion, a P/E ratio of 24.71 and a beta of 1.47. MSA Safety Inc has a 12-month low of $65.95 and a 12-month high of $97.36.

MSA Safety (NYSE:MSA) last posted its quarterly earnings data on Monday, April 23rd. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.17. The company had revenue of $326.00 million for the quarter, compared to the consensus estimate of $310.86 million. MSA Safety had a net margin of 3.50% and a return on equity of 26.05%. During the same quarter last year, the firm posted $0.58 earnings per share. The firm’s revenue was up 22.6% compared to the same quarter last year. equities research analysts predict that MSA Safety Inc will post 4.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Sunday, June 10th. Shareholders of record on Monday, May 21st were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, May 18th. This represents a $1.52 annualized dividend and a yield of 1.59%. This is an increase from MSA Safety’s previous quarterly dividend of $0.35. MSA Safety’s payout ratio is currently 39.28%.

In other MSA Safety news, CFO Kenneth D. Krause sold 1,250 shares of MSA Safety stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $92.00, for a total transaction of $115,000.00. Following the transaction, the chief financial officer now owns 20,920 shares of the company’s stock, valued at $1,924,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kerry M. Bove sold 6,641 shares of MSA Safety stock in a transaction that occurred on Thursday, April 26th. The shares were sold at an average price of $88.02, for a total transaction of $584,540.82. Following the transaction, the insider now directly owns 57,925 shares in the company, valued at approximately $5,098,558.50. The disclosure for this sale can be found here. Insiders have sold 189,698 shares of company stock worth $17,877,273 in the last ninety days. Insiders own 9.90% of the company’s stock.

A number of equities analysts recently issued reports on MSA shares. Stifel Nicolaus raised their price objective on shares of MSA Safety from $91.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, April 25th. Zacks Investment Research downgraded shares of MSA Safety from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Barrington Research reissued a “hold” rating on shares of MSA Safety in a report on Friday, April 27th. Finally, Robert W. Baird raised their price objective on shares of MSA Safety from $98.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $97.33.

MSA Safety Company Profile

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 MSA Safety (NYSE:MSA)

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