Pathstone Holdings LLC Sells 273 Shares of MSA Safety Incorporated (NYSE:MSA)

Pathstone Holdings LLC cut its stake in shares of MSA Safety Incorporated (NYSE:MSA) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,369 shares of the industrial products company’s stock after selling 273 shares during the quarter. Pathstone Holdings LLC’s holdings in MSA Safety were worth $1,662,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSA. B. Riley Wealth Advisors Inc. boosted its position in shares of MSA Safety by 6.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,140 shares of the industrial products company’s stock worth $801,000 after purchasing an additional 266 shares during the period. Tidal Investments LLC raised its holdings in MSA Safety by 45.1% during the first quarter. Tidal Investments LLC now owns 4,974 shares of the industrial products company’s stock valued at $963,000 after acquiring an additional 1,546 shares during the period. Comerica Bank raised its holdings in MSA Safety by 23.7% during the first quarter. Comerica Bank now owns 25,203 shares of the industrial products company’s stock valued at $4,879,000 after acquiring an additional 4,823 shares during the period. Virtu Financial LLC lifted its position in shares of MSA Safety by 19.7% in the first quarter. Virtu Financial LLC now owns 2,066 shares of the industrial products company’s stock valued at $400,000 after acquiring an additional 340 shares in the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of MSA Safety in the first quarter worth about $1,758,000. 92.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley initiated coverage on MSA Safety in a research note on Tuesday, November 5th. They set a “buy” rating and a $200.00 target price on the stock.

MSA Safety Price Performance

Shares of NYSE:MSA opened at $174.32 on Thursday. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 25.19 and a beta of 0.99. The firm has a fifty day moving average price of $172.68 and a 200 day moving average price of $179.17. MSA Safety Incorporated has a fifty-two week low of $160.02 and a fifty-two week high of $200.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.56 and a current ratio of 2.68.

MSA Safety (NYSE:MSA) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. The business had revenue of $432.68 million during the quarter, compared to the consensus estimate of $449.95 million. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 EPS. As a group, sell-side analysts expect that MSA Safety Incorporated will post 7.64 earnings per share for the current fiscal year.

MSA Safety Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, November 15th. MSA Safety’s dividend payout ratio is presently 29.48%.

MSA Safety 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.