APG Asset Management US Inc. Takes $69.07 Million Position in MSA Safety Incorporated (NYSE:MSA)

APG Asset Management US Inc. purchased a new stake in shares of MSA Safety Incorporated (NYSE:MSAFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 409,090 shares of the industrial products company’s stock, valued at approximately $69,067,000. APG Asset Management US Inc. owned approximately 1.04% of MSA Safety at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MSA. Contravisory Investment Management Inc. acquired a new position in shares of MSA Safety in the fourth quarter worth approximately $25,000. Exchange Traded Concepts LLC acquired a new position in shares of MSA Safety in the fourth quarter worth approximately $26,000. Quadrant Capital Group LLC lifted its stake in shares of MSA Safety by 51.2% in the fourth quarter. Quadrant Capital Group LLC now owns 183 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 62 shares during the period. Global Retirement Partners LLC acquired a new position in shares of MSA Safety in the fourth quarter worth approximately $46,000. Finally, Fifth Third Bancorp lifted its stake in shares of MSA Safety by 28.2% in the fourth quarter. Fifth Third Bancorp now owns 336 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 74 shares during the period. 92.51% of the stock is owned by institutional investors and hedge funds.

MSA Safety Stock Down 1.6 %

Shares of NYSE MSA traded down $2.87 during midday trading on Monday, hitting $177.13. 12,085 shares of the stock traded hands, compared to its average volume of 141,865. The company has a market cap of $6.98 billion, a PE ratio of 26.67 and a beta of 0.99. MSA Safety Incorporated has a one year low of $139.01 and a one year high of $196.02. The business has a 50 day moving average price of $188.56 and a two-hundred day moving average price of $178.14. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.51.

MSA Safety (NYSE:MSAGet Free Report) last released its quarterly earnings data on Monday, April 29th. The industrial products company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.47 by $0.14. The firm had revenue of $413.00 million during the quarter, compared to the consensus estimate of $428.38 million. MSA Safety had a return on equity of 31.51% and a net margin of 14.81%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.36 earnings per share. On average, equities analysts predict that MSA Safety Incorporated will post 7.75 EPS for the current year.

MSA Safety Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.51 per share. This is an increase from MSA Safety’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.15%. MSA Safety’s payout ratio is currently 30.22%.

Insider Activity

In related news, CEO Nishan J. Vartanian sold 11,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $185.29, for a total transaction of $2,038,190.00. Following the completion of the sale, the chief executive officer now owns 56,800 shares in the company, valued at $10,524,472. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Jonathan D. Buck sold 305 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $185.50, for a total transaction of $56,577.50. Following the completion of the sale, the chief accounting officer now owns 3,506 shares in the company, valued at $650,363. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Nishan J. Vartanian sold 11,000 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $185.29, for a total value of $2,038,190.00. Following the sale, the chief executive officer now owns 56,800 shares of the company’s stock, valued at approximately $10,524,472. The disclosure for this sale can be found here. Insiders sold a total of 15,404 shares of company stock worth $2,856,157 over the last quarter. 6.07% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on MSA

MSA Safety Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for MSA Safety (NYSE:MSA)

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