GRT Capital Partners L.L.C. lowered its position in shares of MSA Safety Incorporporated (NYSE:MSA) by 31.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,048 shares of the company’s stock after selling 1,830 shares during the period. GRT Capital Partners L.L.C.’s holdings in MSA Safety Incorporporated were worth $281,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mesirow Financial Investment Management Equity Management acquired a new position in MSA Safety Incorporporated during the third quarter worth approximately $19,420,000. 1832 Asset Management L.P. acquired a new position in MSA Safety Incorporporated during the third quarter worth approximately $13,563,000. Silvercrest Asset Management Group LLC raised its position in MSA Safety Incorporporated by 6.3% in the second quarter. Silvercrest Asset Management Group LLC now owns 2,242,096 shares of the company’s stock worth $117,778,000 after buying an additional 132,273 shares during the last quarter. Vanguard Group Inc. raised its position in MSA Safety Incorporporated by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,634,878 shares of the company’s stock worth $138,410,000 after buying an additional 99,855 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in MSA Safety Incorporporated by 4.6% in the third quarter. BlackRock Fund Advisors now owns 1,621,789 shares of the company’s stock worth $94,129,000 after buying an additional 70,999 shares during the last quarter. 61.30% of the stock is owned by institutional investors and hedge funds.
Shares of MSA Safety Incorporporated (NYSE:MSA) traded down 0.48% on Wednesday, hitting $68.58. The stock had a trading volume of 25,919 shares. The company has a 50-day moving average of $69.49 and a 200-day moving average of $61.73. The company has a market cap of $2.58 billion, a P/E ratio of 29.65 and a beta of 1.51. MSA Safety Incorporporated has a 52-week low of $41.67 and a 52-week high of $74.51.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, February 10th. This represents a $1.32 annualized dividend and a dividend yield of 1.92%. MSA Safety Incorporporated’s dividend payout ratio (DPR) is presently 58.41%.
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A number of research analysts have commented on MSA shares. Zacks Investment Research raised MSA Safety Incorporporated from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Wednesday, November 2nd. Robert W. Baird raised MSA Safety Incorporporated from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $57.00 to $63.00 in a research report on Monday, October 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $62.33.
About MSA Safety Incorporporated
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
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