Allianz Asset Management GmbH Decreases Stake in MSA Safety Incorporporated $MSA

Allianz Asset Management GmbH reduced its holdings in MSA Safety Incorporporated (NYSE:MSA) by 3.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,801 shares of the industrial products company’s stock after selling 656 shares during the period. Allianz Asset Management GmbH’s holdings in MSA Safety Incorporporated were worth $2,982,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayforest Capital Ltd lifted its stake in shares of MSA Safety Incorporporated by 3,400.0% in the first quarter. Bayforest Capital Ltd now owns 175 shares of the industrial products company’s stock worth $26,000 after buying an additional 170 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of MSA Safety Incorporporated by 39.4% in the first quarter. GAMMA Investing LLC now owns 269 shares of the industrial products company’s stock worth $39,000 after buying an additional 76 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of MSA Safety Incorporporated by 115.4% in the second quarter. Parallel Advisors LLC now owns 293 shares of the industrial products company’s stock worth $49,000 after buying an additional 157 shares in the last quarter. Hilltop National Bank purchased a new position in shares of MSA Safety Incorporporated in the second quarter worth about $116,000. Finally, CWM LLC lifted its stake in shares of MSA Safety Incorporporated by 96.1% in the second quarter. CWM LLC now owns 696 shares of the industrial products company’s stock worth $117,000 after buying an additional 341 shares in the last quarter. 92.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSA has been the topic of several research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of MSA Safety Incorporporated in a research note on Wednesday, October 8th. Stifel Nicolaus started coverage on shares of MSA Safety Incorporporated in a research note on Wednesday, July 16th. They issued a “hold” rating and a $182.00 price target on the stock. DA Davidson lifted their target price on shares of MSA Safety Incorporporated from $183.00 to $203.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of MSA Safety Incorporporated from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $189.20.

Insider Activity

In other news, President Stephanie L. Sciullo sold 2,361 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $169.51, for a total value of $400,213.11. Following the sale, the president directly owned 9,083 shares of the company’s stock, valued at approximately $1,539,659.33. The trade was a 20.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

MSA Safety Incorporporated Price Performance

Shares of MSA stock opened at $168.34 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.11 and a quick ratio of 1.90. The firm’s 50-day moving average is $170.33 and its two-hundred day moving average is $166.01. MSA Safety Incorporporated has a 12 month low of $127.86 and a 12 month high of $182.85. The company has a market capitalization of $6.59 billion, a PE ratio of 24.01 and a beta of 0.99.

MSA Safety Incorporporated (NYSE:MSA) last issued its earnings results on Monday, August 4th. The industrial products company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. The company had revenue of $474.12 million for the quarter, compared to the consensus estimate of $446.46 million. MSA Safety Incorporporated had a net margin of 15.15% and a return on equity of 26.03%. MSA Safety Incorporporated’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.01 earnings per share. Analysts predict that MSA Safety Incorporporated will post 8.06 earnings per share for the current year.

MSA Safety Incorporporated Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. MSA Safety Incorporporated’s payout ratio is 30.24%.

MSA Safety Incorporporated Company Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products and technology solutions that protect people and facility infrastructures in the fire service, energy, utility, construction, and industrial manufacturing applications, as well as heating, ventilation, air conditioning, and refrigeration industries worldwide.