Ontario Teachers Pension Plan Board Has $1.37 Million Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

Ontario Teachers Pension Plan Board decreased its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 57.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,723 shares of the industrial products company’s stock after selling 10,580 shares during the period. Ontario Teachers Pension Plan Board’s holdings in MSA Safety were worth $1,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in MSA Safety during the third quarter valued at about $260,000. Quest Partners LLC grew its position in MSA Safety by 270,025.0% during the third quarter. Quest Partners LLC now owns 10,805 shares of the industrial products company’s stock valued at $1,916,000 after buying an additional 10,801 shares during the period. Thrivent Financial for Lutherans boosted its position in MSA Safety by 3.4% during the third quarter. Thrivent Financial for Lutherans now owns 9,245 shares of the industrial products company’s stock worth $1,640,000 after purchasing an additional 300 shares during the period. Mutual of America Capital Management LLC boosted its position in MSA Safety by 0.3% during the third quarter. Mutual of America Capital Management LLC now owns 21,267 shares of the industrial products company’s stock worth $3,771,000 after purchasing an additional 71 shares during the period. Finally, ING Groep NV bought a new position in MSA Safety during the third quarter worth about $1,011,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Stock Up 2.3 %

Shares of NYSE MSA opened at $171.96 on Thursday. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 24.85 and a beta of 0.99. The firm’s fifty day moving average is $173.06 and its 200 day moving average is $179.71. MSA Safety Incorporated has a 52 week low of $160.02 and a 52 week high of $200.60. The company has a quick ratio of 1.56, a current ratio of 2.68 and a debt-to-equity ratio of 0.48.

MSA Safety (NYSE:MSA) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.05. MSA Safety had a net margin of 15.16% and a return on equity of 29.14%. The business had revenue of $432.68 million for the quarter, compared to analysts’ expectations of $449.95 million. During the same quarter in the previous year, the business posted $1.78 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities research analysts expect that MSA Safety Incorporated will post 7.64 earnings per share for the current year.

MSA Safety Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, November 15th. MSA Safety’s dividend payout ratio (DPR) is presently 29.48%.

Analyst Ratings Changes

A number of research firms have recently commented on MSA. B. Riley began coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price objective for the company. Stifel Nicolaus raised their price objective on shares of MSA Safety from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

MSA Safety 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.