MSA Safety Incorporated (NYSE:MSA) Shares Bought by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lifted its position in MSA Safety Incorporated (NYSE:MSA) by 11.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,789 shares of the industrial products company’s stock after purchasing an additional 1,181 shares during the quarter. Anchor Capital Advisors LLC’s holdings in MSA Safety were worth $1,990,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. abrdn plc lifted its stake in shares of MSA Safety by 68.9% in the 3rd quarter. abrdn plc now owns 223,397 shares of the industrial products company’s stock valued at $35,219,000 after purchasing an additional 91,100 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of MSA Safety by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 2,132,779 shares of the industrial products company’s stock worth $336,233,000 after buying an additional 87,707 shares during the period. Baillie Gifford & Co. acquired a new position in MSA Safety during the 4th quarter worth $13,126,000. Lord Abbett & CO. LLC raised its stake in shares of MSA Safety by 31.8% during the third quarter. Lord Abbett & CO. LLC now owns 281,558 shares of the industrial products company’s stock valued at $44,388,000 after purchasing an additional 67,902 shares in the last quarter. Finally, Conestoga Capital Advisors LLC bought a new position in MSA Safety during the fourth quarter valued at about $9,944,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

Insider Buying and Selling at MSA Safety

In other MSA Safety news, Director Rebecca B. Roberts sold 1,100 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $181.84, for a total value of $200,024.00. Following the transaction, the director now owns 8,474 shares in the company, valued at $1,540,912.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other MSA Safety news, CAO Jonathan D. Buck sold 305 shares of MSA Safety stock in a transaction dated 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 transaction, the chief accounting officer now owns 3,506 shares in the company, valued at approximately $650,363. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rebecca B. Roberts sold 1,100 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $181.84, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,504 shares of company stock valued at $1,017,991. Corporate insiders own 6.07% of the company’s stock.

Wall Street Analysts Forecast Growth

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

MSA Safety Stock Performance

Shares of NYSE MSA traded down $2.84 during trading hours on Tuesday, hitting $185.20. 52,657 shares of the company’s stock were exchanged, compared to its average volume of 136,186. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.36 and a quick ratio of 1.48. The company’s 50-day moving average price is $187.16 and its 200-day moving average price is $173.19. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 129.66 and a beta of 1.01. MSA Safety Incorporated has a 1-year low of $122.57 and a 1-year high of $196.02.

MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.61 earnings per share (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 analysts’ expectations of $428.38 million. MSA Safety had a net margin of 3.28% and a return on equity of 32.44%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 EPS. On average, sell-side analysts expect that MSA Safety Incorporated will post 7.56 earnings per share for the current fiscal year.

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.