Walleye Capital LLC Acquires Shares of 18,775 MSA Safety Incorporporated $MSA

Walleye Capital LLC acquired a new position in MSA Safety Incorporporated (NYSE:MSA) during the first quarter, HoldingsChannel reports. The fund acquired 18,775 shares of the industrial products company’s stock, valued at approximately $3,078,000.

Several other large investors also recently made changes to their positions in MSA. Royal Bank of Canada increased its stake in shares of MSA Safety Incorporporated by 39.8% in the first quarter. Royal Bank of Canada now owns 47,391 shares of the industrial products company’s stock valued at $6,953,000 after buying an additional 13,501 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in MSA Safety Incorporporated during the 1st quarter worth about $501,000. Jane Street Group LLC lifted its position in MSA Safety Incorporporated by 44.7% during the 1st quarter. Jane Street Group LLC now owns 4,401 shares of the industrial products company’s stock worth $646,000 after buying an additional 1,359 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in MSA Safety Incorporporated by 94.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 198 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 96 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in MSA Safety Incorporporated by 31.5% during the 2nd quarter. Baird Financial Group Inc. now owns 2,757 shares of the industrial products company’s stock worth $462,000 after acquiring an additional 661 shares during the last quarter. Institutional investors own 92.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MSA shares. Weiss Ratings upgraded shares of MSA Safety Incorporporated from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 17th. Wall Street Zen upgraded shares of MSA Safety Incorporporated from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. DA Davidson decreased their price target on shares of MSA Safety Incorporporated from $235.00 to $206.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Robert W. Baird set a $197.00 price target on shares of MSA Safety Incorporporated in a report on Wednesday, May 6th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $180.00 price target (down from $200.00) on shares of MSA Safety Incorporporated in a report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $203.60.

Insider Buying and Selling at MSA Safety Incorporporated

In other MSA Safety Incorporporated news, CFO Julie A. Beck acquired 448 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $158.69 per share, for a total transaction of $71,093.12. Following the completion of the acquisition, the chief financial officer directly owned 3,825 shares of the company’s stock, valued at approximately $606,989.25. This represents a 13.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by company insiders.

MSA Safety Incorporporated Price Performance

Shares of MSA stock opened at $174.06 on Friday. The stock has a 50-day moving average price of $167.29 and a 200 day moving average price of $174.85. The company has a quick ratio of 1.92, a current ratio of 3.17 and a debt-to-equity ratio of 0.45. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 23.52 and a beta of 0.95. MSA Safety Incorporporated has a 12 month low of $151.10 and a 12 month high of $208.92.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings data on Monday, May 4th. The industrial products company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.14. MSA Safety Incorporporated had a return on equity of 24.54% and a net margin of 15.16%.The firm had revenue of $463.63 million during the quarter, compared to analysts’ expectations of $451.28 million. During the same period in the previous year, the business posted $1.68 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. Research analysts expect that MSA Safety Incorporporated will post 8.86 EPS for the current year.

MSA Safety Incorporporated Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from MSA Safety Incorporporated’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, May 15th. MSA Safety Incorporporated’s payout ratio is presently 29.19%.

About MSA Safety Incorporporated

MSA Safety Incorporated develops, manufactures and supplies a wide range of safety products designed to protect workers in hazardous environments. The company’s offerings span personal protective equipment such as industrial helmets, face shields, protective clothing and fall protection devices, as well as fixed and portable gas detection and monitoring systems. MSA’s products are used in industries including oil and gas, mining, construction, fire service, and chemical processing to guard against risks such as gas leaks, impacts, flame exposure and falls from height.

Key product lines include self-contained breathing apparatus (SCBA) and air-purifying respirators, gas detectors and sensors, head and face protection, and fall arrest systems.