BNP Paribas Arbitrage SA Raises Holdings in MSA Safety Inc (MSA)

BNP Paribas Arbitrage SA raised its position in MSA Safety Inc (NYSE:MSA) by 1,164.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,180 shares of the industrial products company’s stock after buying an additional 6,612 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in MSA Safety were worth $742,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantamental Technologies LLC purchased a new position in MSA Safety during the fourth quarter worth about $28,000. Ffcm LLC grew its position in MSA Safety by 329.5% during the fourth quarter. Ffcm LLC now owns 378 shares of the industrial products company’s stock worth $36,000 after buying an additional 290 shares in the last quarter. Simplex Trading LLC purchased a new position in MSA Safety during the fourth quarter worth about $84,000. Covington Capital Management purchased a new position in MSA Safety during the fourth quarter worth about $154,000. Finally, Berman Capital Advisors LLC purchased a new position in MSA Safety during the fourth quarter worth about $168,000. Hedge funds and other institutional investors own 73.46% of the company’s stock.

In other news, VP Steven C. Sr. Blanco sold 4,695 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $108.19, for a total value of $507,952.05. Following the completion of the transaction, the vice president now directly owns 11,589 shares in the company, valued at approximately $1,253,813.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William M. Lambert sold 24,592 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $103.50, for a total value of $2,545,272.00. Following the completion of the transaction, the insider now owns 56,734 shares of the company’s stock, valued at $5,871,969. The disclosure for this sale can be found here. Insiders sold a total of 94,141 shares of company stock valued at $9,886,164 over the last quarter. Company insiders own 9.12% of the company’s stock.

MSA Safety stock opened at $108.31 on Monday. MSA Safety Inc has a 52 week low of $86.72 and a 52 week high of $113.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.53 and a quick ratio of 1.88. The stock has a market cap of $4.27 billion, a P/E ratio of 24.07 and a beta of 1.31.

MSA Safety (NYSE:MSA) last posted its earnings results on Wednesday, April 24th. The industrial products company reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.03. MSA Safety had a return on equity of 27.93% and a net margin of 8.47%. The business had revenue of $326.00 million during the quarter, compared to analysts’ expectations of $340.46 million. During the same period in the previous year, the business earned $1.01 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. As a group, equities research analysts predict that MSA Safety Inc will post 4.83 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.55%. This is a boost from MSA Safety’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, May 17th. MSA Safety’s payout ratio is presently 33.78%.

Several equities analysts recently commented on MSA shares. Zacks Investment Research cut MSA Safety from a “hold” rating to a “sell” rating in a research report on Friday, January 18th. Robert W. Baird restated a “hold” rating and set a $105.00 target price on shares of MSA Safety in a research report on Friday, February 22nd. Finally, ValuEngine cut MSA Safety from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. MSA Safety currently has a consensus rating of “Hold” and an average target price of $106.10.

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MSA Safety 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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