Foresight Group Ltd Liability Partnership Trims Position in MSA Safety Incorporporated $MSA

Foresight Group Ltd Liability Partnership reduced its stake in shares of MSA Safety Incorporporated (NYSE:MSA) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,226 shares of the industrial products company’s stock after selling 11,658 shares during the period. MSA Safety Incorporporated comprises approximately 4.2% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 7th biggest position. Foresight Group Ltd Liability Partnership owned 0.41% of MSA Safety Incorporporated worth $27,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. First Horizon Corp acquired a new position in MSA Safety Incorporporated in the third quarter worth about $30,000. Penserra Capital Management LLC bought a new position in MSA Safety Incorporporated during the 2nd quarter worth approximately $33,000. EverSource Wealth Advisors LLC grew its position in shares of MSA Safety Incorporporated by 94.1% in 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 in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of MSA Safety Incorporporated by 397.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 219 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 175 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of MSA Safety Incorporporated by 34.8% in the 2nd quarter. Allworth Financial LP now owns 298 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 77 shares during the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Transactions at MSA Safety Incorporporated

In other news, CAO Jonathan D. Buck sold 333 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $161.00, for a total value of $53,613.00. Following the completion of the transaction, the chief accounting officer owned 4,434 shares of the company’s stock, valued at approximately $713,874. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings raised shares of MSA Safety Incorporporated from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 26th. JPMorgan Chase & Co. initiated coverage on shares of MSA Safety Incorporporated in a report on Tuesday, February 3rd. They issued a “neutral” rating and a $200.00 price target for the company. Finally, Wall Street Zen lowered shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $189.20.

MSA Safety Incorporporated Stock Up 1.0%

MSA stock opened at $195.02 on Tuesday. The stock has a market cap of $7.64 billion, a PE ratio of 27.51 and a beta of 0.98. The firm’s 50-day simple moving average is $171.18 and its 200 day simple moving average is $169.19. MSA Safety Incorporporated has a fifty-two week low of $127.86 and a fifty-two week high of $195.13. The company has a quick ratio of 1.86, a current ratio of 3.08 and a debt-to-equity ratio of 0.48.

MSA Safety Incorporporated Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $2.12 annualized dividend and a yield of 1.1%. MSA Safety Incorporporated’s payout ratio is presently 29.90%.

MSA Safety Incorporporated Company Profile

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.