Ameritas Investment Partners Inc. grew its position in MSA Safety Incorporporated (NYSE:MSA) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,311 shares of the industrial products company’s stock after acquiring an additional 242 shares during the period. Ameritas Investment Partners Inc.’s holdings in MSA Safety Incorporporated were worth $999,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of MSA Safety Incorporporated by 96.4% in the 2nd quarter. Principal Financial Group Inc. now owns 851,097 shares of the industrial products company’s stock valued at $69,084,000 after acquiring an additional 417,796 shares during the period. BlackRock Inc. grew its position in shares of MSA Safety Incorporporated by 20,572.3% in the 1st quarter. BlackRock Inc. now owns 3,192,629 shares of the industrial products company’s stock valued at $225,685,000 after acquiring an additional 3,177,185 shares during the period. Chicago Equity Partners LLC bought a new position in shares of MSA Safety Incorporporated in the 2nd quarter valued at about $1,098,000. Prudential Financial Inc. grew its position in shares of MSA Safety Incorporporated by 36.6% in the 1st quarter. Prudential Financial Inc. now owns 27,652 shares of the industrial products company’s stock valued at $1,955,000 after acquiring an additional 7,410 shares during the period. Finally, Parametrica Management Ltd grew its position in shares of MSA Safety Incorporporated by 92.4% in the 2nd quarter. Parametrica Management Ltd now owns 5,743 shares of the industrial products company’s stock valued at $466,000 after acquiring an additional 2,758 shares during the period. 66.53% of the stock is owned by institutional investors.
MSA Safety Incorporporated (MSA) opened at 82.20 on Friday. The company has a market cap of $3.14 billion, a P/E ratio of 41.41 and a beta of 1.64. The stock has a 50 day moving average of $76.19 and a 200-day moving average of $76.43. MSA Safety Incorporporated has a 12 month low of $55.00 and a 12 month high of $84.86.
MSA Safety Incorporporated (NYSE:MSA) last announced its earnings results on Thursday, October 19th. The industrial products company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.13. The company had revenue of $296.13 million during the quarter, compared to the consensus estimate of $298.47 million. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 earnings per share. Equities research analysts expect that MSA Safety Incorporporated will post $3.17 EPS for the current year.
In other news, Director John T. Ryan III sold 32,100 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $71.43, for a total value of $2,292,903.00. Following the completion of the sale, the director now owns 1,025,013 shares in the company, valued at $73,216,678.59. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Markus H. Weber sold 2,300 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $71.08, for a total transaction of $163,484.00. Following the completion of the sale, the vice president now owns 13,801 shares of the company’s stock, valued at approximately $980,975.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,211 shares of company stock valued at $2,879,428. 15.53% of the stock is currently owned by corporate insiders.
A number of research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of MSA Safety Incorporporated from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Robert W. Baird lifted their price objective on shares of MSA Safety Incorporporated from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. Stifel Nicolaus reissued a “buy” rating and issued a $91.00 price objective on shares of MSA Safety Incorporporated in a research report on Friday, August 4th. Finally, BidaskClub downgraded shares of MSA Safety Incorporporated from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. MSA Safety Incorporporated currently has an average rating of “Hold” and a consensus target price of $86.33.
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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