Verition Fund Management LLC Sells 11,988 Shares of MSA Safety Incorporated (MSA)

Verition Fund Management LLC lowered its stake in MSA Safety Incorporated (NYSE:MSA) by 71.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,854 shares of the industrial products company’s stock after selling 11,988 shares during the quarter. Verition Fund Management LLC’s holdings in MSA Safety were worth $376,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of MSA Safety by 3.3% in the second quarter. Royal Bank of Canada now owns 1,643 shares of the industrial products company’s stock valued at $133,000 after acquiring an additional 53 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MSA Safety by 44.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,253 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 693 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of MSA Safety by 0.9% in the third quarter. New York State Common Retirement Fund now owns 76,117 shares of the industrial products company’s stock valued at $6,052,000 after acquiring an additional 705 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of MSA Safety by 4.0% in the third quarter. Great West Life Assurance Co. Can now owns 19,695 shares of the industrial products company’s stock valued at $1,590,000 after acquiring an additional 757 shares during the last quarter. Finally, ING Groep NV increased its position in shares of MSA Safety by 22.7% in the fourth quarter. ING Groep NV now owns 5,107 shares of the industrial products company’s stock valued at $396,000 after acquiring an additional 945 shares during the last quarter. 69.53% of the stock is currently owned by institutional investors and hedge funds.

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In related news, insider Kerry M. Bove sold 2,416 shares of MSA Safety stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $83.98, for a total transaction of $202,895.68. Following the completion of the transaction, the insider now owns 51,284 shares in the company, valued at $4,306,830.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kerry M. Bove sold 4,276 shares of MSA Safety stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $85.24, for a total value of $364,486.24. Following the transaction, the insider now owns 58,881 shares of the company’s stock, valued at approximately $5,019,016.44. The disclosure for this sale can be found here. Insiders have sold 14,942 shares of company stock valued at $1,257,437 in the last quarter. 15.53% of the stock is currently owned by corporate insiders.

A number of research firms recently issued reports on MSA. Zacks Investment Research raised MSA Safety from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Saturday, February 24th. Robert W. Baird upgraded MSA Safety from a “neutral” rating to an “outperform” rating and set a $89.00 price target for the company in a report on Thursday, February 22nd. Finally, TheStreet cut MSA Safety from an “a-” rating to a “c+” rating in a report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. MSA Safety has an average rating of “Hold” and a consensus target price of $90.00.

MSA Safety stock opened at $80.41 on Friday. MSA Safety Incorporated has a 1-year low of $65.95 and a 1-year high of $87.31. The company has a current ratio of 2.15, a quick ratio of 1.62 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $3,073.75, a PE ratio of 21.73 and a beta of 1.52.

MSA Safety (NYSE:MSA) last posted its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.31. MSA Safety had a return on equity of 23.91% and a net margin of 2.17%. The business had revenue of $346.00 million during the quarter, compared to analysts’ expectations of $326.62 million. During the same quarter last year, the company posted $0.78 earnings per share. MSA Safety’s quarterly revenue was up 16.9% on a year-over-year basis. analysts forecast that MSA Safety Incorporated will post 4.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 10th. Investors of record on Wednesday, February 14th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Tuesday, February 13th. MSA Safety’s payout ratio is currently 215.39%.

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About MSA Safety

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

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