Nisa Investment Advisors LLC Raises Position in MSA Safety Inc (MSA)

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Nisa Investment Advisors LLC increased its holdings in MSA Safety Inc (NYSE:MSA) by 124.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,860 shares of the industrial products company’s stock after buying an additional 3,800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in MSA Safety were worth $730,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in MSA Safety in the 2nd quarter worth approximately $887,000. Millennium Management LLC acquired a new stake in shares of MSA Safety during the 2nd quarter worth approximately $7,281,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of MSA Safety during the 3rd quarter worth approximately $115,000. Federated Investors Inc. PA grew its stake in shares of MSA Safety by 62.8% during the 2nd quarter. Federated Investors Inc. PA now owns 133,402 shares of the industrial products company’s stock worth $12,852,000 after purchasing an additional 51,455 shares during the period. Finally, Strs Ohio grew its stake in shares of MSA Safety by 50.0% during the 2nd quarter. Strs Ohio now owns 3,000 shares of the industrial products company’s stock worth $289,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 71.74% of the company’s stock.

A number of brokerages have recently commented on MSA. ValuEngine raised shares of MSA Safety from a “hold” rating to a “buy” rating in a research note on Friday, July 20th. Stifel Nicolaus raised their price objective on shares of MSA Safety from $100.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $100.00.

Shares of NYSE MSA opened at $106.62 on Wednesday. The company has a market cap of $3.99 billion, a PE ratio of 22.97 and a beta of 1.30. MSA Safety Inc has a 12 month low of $71.47 and a 12 month high of $108.99. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.59 and a current ratio of 2.19.

MSA Safety (NYSE:MSA) last issued its quarterly earnings data on Wednesday, October 24th. The industrial products company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.11. The business had revenue of $331.10 million for the quarter, compared to analysts’ expectations of $325.53 million. MSA Safety had a net margin of 4.94% and a return on equity of 28.12%. As a group, analysts forecast that MSA Safety Inc will post 4.4 EPS for the current fiscal year.

MSA Safety Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.

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

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