Thematics Asset Management Has $25.36 Million Position in MSA Safety Incorporated (NYSE:MSA)

Thematics Asset Management lessened its stake in shares of MSA Safety Incorporated (NYSE:MSA) by 3.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 143,000 shares of the industrial products company’s stock after selling 5,500 shares during the quarter. Thematics Asset Management owned about 0.36% of MSA Safety worth $25,360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MSA. GAMMA Investing LLC grew its position in shares of MSA Safety by 198.8% in the second quarter. GAMMA Investing LLC now owns 245 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. Blue Trust Inc. increased its position in MSA Safety by 486.0% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $47,000 after buying an additional 209 shares during the period. Covestor Ltd lifted its holdings in shares of MSA Safety by 985.1% during the third quarter. Covestor Ltd now owns 803 shares of the industrial products company’s stock worth $143,000 after buying an additional 729 shares in the last quarter. Kowal Investment Group LLC bought a new stake in shares of MSA Safety in the second quarter valued at about $204,000. Finally, CIBC Asset Management Inc acquired a new stake in MSA Safety in the 2nd quarter worth about $206,000. Institutional investors own 92.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley started coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 price target for the company.

MSA Safety Price Performance

MSA stock traded down $1.63 during mid-day trading on Tuesday, hitting $174.58. The stock had a trading volume of 7,643 shares, compared to its average volume of 154,466. The firm has a fifty day simple moving average of $172.98 and a 200 day simple moving average of $179.31. MSA Safety Incorporated has a 52 week low of $160.02 and a 52 week high of $200.60. The company has a current ratio of 2.68, a quick ratio of 1.56 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $6.86 billion, a P/E ratio of 25.46 and a beta of 0.99.

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

MSA Safety Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, November 15th. MSA Safety’s payout ratio is 29.48%.

About MSA Safety

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.