JPMorgan Chase & Co. decreased its position in MSA Safety Incorporated (NYSE:MSA – Get Rating) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,841,205 shares of the industrial products company’s stock after selling 119,592 shares during the period. JPMorgan Chase & Co. owned about 4.70% of MSA Safety worth $265,484,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in MSA. Nixon Peabody Trust Co. bought a new position in shares of MSA Safety in the third quarter worth approximately $148,660,000. State Street Corp boosted its holdings in MSA Safety by 13.1% in the second quarter. State Street Corp now owns 2,066,285 shares of the industrial products company’s stock valued at $250,165,000 after acquiring an additional 238,982 shares in the last quarter. Millennium Management LLC boosted its holdings in MSA Safety by 3,263.3% in the second quarter. Millennium Management LLC now owns 180,340 shares of the industrial products company’s stock valued at $21,834,000 after acquiring an additional 174,978 shares in the last quarter. Brown Advisory Inc. boosted its holdings in MSA Safety by 19.3% in the third quarter. Brown Advisory Inc. now owns 698,789 shares of the industrial products company’s stock valued at $76,362,000 after acquiring an additional 113,196 shares in the last quarter. Finally, Redwood Investments LLC bought a new stake in MSA Safety in the fourth quarter valued at $12,198,000. Institutional investors own 80.37% of the company’s stock.
MSA Safety Trading Up 1.2 %
Shares of NYSE MSA opened at $139.16 on Friday. MSA Safety Incorporated has a 1 year low of $108.75 and a 1 year high of $147.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.84 and a quick ratio of 1.65. The firm has a 50-day moving average of $135.15 and a 200 day moving average of $135.92. The stock has a market cap of $5.46 billion, a P/E ratio of -818.59 and a beta of 0.93.
MSA Safety (NYSE:MSA – Get Rating) last released its earnings results on Monday, May 1st. The industrial products company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.31. The firm had revenue of $398.26 million during the quarter, compared to analyst estimates of $361.77 million. MSA Safety had a negative net margin of 0.38% and a positive return on equity of 27.70%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the business earned $1.10 earnings per share. As a group, sell-side analysts expect that MSA Safety Incorporated will post 6 EPS for the current fiscal year.
MSA Safety Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 10th. Investors of record on Tuesday, May 16th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Monday, May 15th. This is a positive change from MSA Safety’s previous quarterly dividend of $0.46. MSA Safety’s dividend payout ratio (DPR) is -1,105.88%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of MSA Safety in a report on Thursday, May 18th. They issued a “hold” rating on the stock. TheStreet cut shares of MSA Safety from a “b-” rating to a “c” rating in a report on Monday, May 1st.
About MSA Safety
MSA Safety, Inc engages in the development, manufacture, and sale of innovative products, which enhance the safety and health of workers and protect facility infrastructures. It operates through the following geographical segments: Americas, International, and Corporate. The Americas segment includes manufacturing and research and development facilities in the U.S., Mexico, and Brazil.
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