Mountain Pacific Investment Advisers Inc. ID Raises Holdings in MSA Safety Incorporated (NYSE:MSA)

Mountain Pacific Investment Advisers Inc. ID grew its position in shares of MSA Safety Incorporated (NYSE:MSA) by 29.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 90,844 shares of the industrial products company’s stock after purchasing an additional 20,512 shares during the quarter. Mountain Pacific Investment Advisers Inc. ID’s holdings in MSA Safety were worth $15,337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Truist Financial Corp purchased a new stake in MSA Safety in the fourth quarter valued at approximately $303,000. Bahl & Gaynor Inc. raised its stake in shares of MSA Safety by 14.1% in the 4th quarter. Bahl & Gaynor Inc. now owns 28,742 shares of the industrial products company’s stock valued at $4,853,000 after acquiring an additional 3,558 shares during the period. Handelsbanken Fonder AB increased its holdings in MSA Safety by 9.6% in the 4th quarter. Handelsbanken Fonder AB now owns 227,344 shares of the industrial products company’s stock valued at $38,382,000 after purchasing an additional 20,000 shares in the last quarter. abrdn plc grew its stake in shares of MSA Safety by 4.5% in the fourth quarter. abrdn plc now owns 233,346 shares of the industrial products company’s stock valued at $39,396,000 after buying an additional 9,949 shares in the last quarter. Finally, AIA Group Ltd purchased a new position in MSA Safety in the 4th quarter worth approximately $1,956,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Insider Buying and Selling

In other MSA Safety news, Director Rebecca B. Roberts sold 1,100 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $181.84, for a total transaction of $200,024.00. Following the completion of the sale, the director now directly owns 8,474 shares of the company’s stock, valued at $1,540,912.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Rebecca B. Roberts sold 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $181.84, for a total transaction of $200,024.00. Following the sale, the director now owns 8,474 shares in the company, valued at $1,540,912.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nishan J. Vartanian sold 4,099 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $185.75, for a total transaction of $761,389.25. Following the completion of the sale, the chief executive officer now owns 67,800 shares of the company’s stock, valued at approximately $12,593,850. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,504 shares of company stock valued at $1,017,991. 6.20% of the stock is owned by corporate insiders.

MSA Safety Stock Performance

MSA opened at $188.78 on Friday. The stock has a market cap of $7.42 billion, a PE ratio of 130.19 and a beta of 1.01. The company has a current ratio of 2.36, a quick ratio of 1.48 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $186.97 and its 200-day moving average is $172.84. MSA Safety Incorporated has a twelve month low of $122.57 and a twelve month high of $196.02.

MSA Safety (NYSE:MSA) last released its earnings results on Wednesday, February 14th. The industrial products company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.18. MSA Safety had a net margin of 3.28% and a return on equity of 32.44%. The business had revenue of $495.00 million for the quarter, compared to the consensus estimate of $467.52 million. During the same period in the previous year, the firm earned $1.80 EPS. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts predict that MSA Safety Incorporated will post 7.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.