Vanguard Group Inc. Acquires 119,428 Shares of MSA Safety Incorporporated (MSA)

Vanguard Group Inc. lifted its holdings in MSA Safety Incorporporated (NYSE:MSA) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,179,874 shares of the industrial products company’s stock after purchasing an additional 119,428 shares during the period. Vanguard Group Inc. owned about 8.38% of MSA Safety Incorporporated worth $258,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Northern Trust Corp grew its stake in shares of MSA Safety Incorporporated by 6.8% in the 2nd quarter. Northern Trust Corp now owns 580,745 shares of the industrial products company’s stock worth $47,140,000 after purchasing an additional 36,751 shares during the last quarter. Citigroup Inc. grew its stake in shares of MSA Safety Incorporporated by 18.3% in the 2nd quarter. Citigroup Inc. now owns 1,401 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 217 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of MSA Safety Incorporporated by 6.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,159 shares of the industrial products company’s stock worth $1,312,000 after purchasing an additional 937 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of MSA Safety Incorporporated by 0.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 24,621 shares of the industrial products company’s stock worth $1,998,000 after purchasing an additional 165 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of MSA Safety Incorporporated by 20.8% in the 2nd quarter. New York State Common Retirement Fund now owns 75,412 shares of the industrial products company’s stock worth $6,121,000 after purchasing an additional 12,973 shares during the last quarter. 66.74% of the stock is currently owned by institutional investors.

In other news, Director John T. Ryan III sold 32,100 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $71.43, for a total value of $2,292,903.00. Following the completion of the sale, the director now directly owns 1,025,013 shares of the company’s stock, valued at approximately $73,216,678.59. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Markus H. Weber sold 5,811 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $72.80, for a total value of $423,040.80. Following the completion of the sale, the vice president now directly owns 15,950 shares of the company’s stock, valued at $1,161,160. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,211 shares of company stock valued at $2,879,428. 15.53% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://sportsperspectives.com/2017/10/13/vanguard-group-inc-acquires-119428-shares-of-msa-safety-incorporporated-msa.html.

MSA Safety Incorporporated (NYSE MSA) opened at 78.63 on Friday. MSA Safety Incorporporated has a 52-week low of $55.00 and a 52-week high of $84.86. The stock has a 50 day moving average of $74.83 and a 200 day moving average of $76.04. The stock has a market capitalization of $3.00 billion, a P/E ratio of 39.61 and a beta of 1.64.

MSA Safety Incorporporated (NYSE:MSA) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). The company had revenue of $288.78 million during the quarter, compared to the consensus estimate of $302.94 million. MSA Safety Incorporporated had a net margin of 6.74% and a return on equity of 19.64%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $0.79 earnings per share. On average, equities research analysts forecast that MSA Safety Incorporporated will post $3.19 EPS for the current year.

MSA has been the topic of several recent research reports. BidaskClub cut shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $91.00 price objective on shares of MSA Safety Incorporporated in a research note on Friday, August 4th. Zacks Investment Research downgraded shares of MSA Safety Incorporporated from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Robert W. Baird downgraded shares of MSA Safety Incorporporated from an “outperform” rating to a “neutral” rating and set a $80.00 target price on the stock. in a research report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $86.33.

MSA Safety Incorporporated Profile

Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.

Want to see what other hedge funds are holding MSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSA Safety Incorporporated (NYSE:MSA).

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

Receive News & Ratings for MSA Safety Incorporporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSA Safety Incorporporated and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply