Mountain Pacific Investment Advisers Inc. ID Increases Stake in MSA Safety Incorporated (NYSE:MSA)

Mountain Pacific Investment Advisers Inc. ID raised its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 29.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,844 shares of the industrial products company’s stock after buying an additional 20,512 shares during the quarter. Mountain Pacific Investment Advisers Inc. ID owned about 0.23% of MSA Safety worth $15,337,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MSA. Vanguard Group Inc. raised its holdings in shares of MSA Safety by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,802,609 shares of the industrial products company’s stock worth $599,481,000 after acquiring an additional 14,236 shares during the period. JPMorgan Chase & Co. grew its stake in shares of MSA Safety by 4.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,132,779 shares of the industrial products company’s stock valued at $336,233,000 after buying an additional 87,707 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of MSA Safety by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 377,651 shares of the industrial products company’s stock worth $59,537,000 after buying an additional 5,432 shares during the last quarter. Lord Abbett & CO. LLC raised its position in shares of MSA Safety by 31.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 281,558 shares of the industrial products company’s stock valued at $44,388,000 after buying an additional 67,902 shares during the period. Finally, abrdn plc lifted its holdings in MSA Safety by 4.5% in the fourth quarter. abrdn plc now owns 233,346 shares of the industrial products company’s stock valued at $39,396,000 after acquiring an additional 9,949 shares during the last quarter. 92.51% of the stock is currently owned by institutional investors and hedge funds.

MSA Safety Price Performance

Shares of MSA opened at $188.78 on Friday. The firm has a 50-day simple moving average of $186.97 and a two-hundred day simple moving average of $172.84. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.36 and a quick ratio of 1.48. MSA Safety Incorporated has a 1-year low of $122.57 and a 1-year high of $196.02. The stock has a market cap of $7.42 billion, a PE ratio of 130.19 and a beta of 1.01.

MSA Safety (NYSE:MSA) last announced its earnings results on Wednesday, February 14th. The industrial products company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.18. MSA Safety had a return on equity of 32.44% and a net margin of 3.28%. The company had revenue of $495.00 million for the quarter, compared to analyst estimates of $467.52 million. During the same quarter in the previous year, the company earned $1.80 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, analysts forecast that MSA Safety Incorporated will post 7.56 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded MSA Safety from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, MSA Safety has a consensus rating of “Moderate Buy” and a consensus price target of $189.50.

Insider Buying and Selling

In other MSA Safety news, CEO Nishan J. Vartanian sold 4,099 shares of MSA Safety stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $185.75, for a total value of $761,389.25. Following the completion of the transaction, the chief executive officer now directly owns 67,800 shares of the company’s stock, valued at approximately $12,593,850. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other MSA Safety news, CEO Nishan J. Vartanian sold 4,099 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $185.75, for a total value of $761,389.25. Following the completion of the transaction, the chief executive officer now owns 67,800 shares of the company’s stock, valued at approximately $12,593,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rebecca B. Roberts sold 1,100 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $181.84, for a total transaction of $200,024.00. Following the completion of the transaction, the director now owns 8,474 shares of the company’s stock, valued at approximately $1,540,912.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,504 shares of company stock valued at $1,017,991. Corporate insiders own 6.20% of the company’s stock.

About MSA Safety

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.