Anchor Capital Advisors LLC Has $1.99 Million Stock Holdings in MSA Safety Incorporated (NYSE:MSA)

Anchor Capital Advisors LLC lifted its position in shares of MSA Safety Incorporated (NYSE:MSA) by 11.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,789 shares of the industrial products company’s stock after purchasing an additional 1,181 shares during the period. Anchor Capital Advisors LLC’s holdings in MSA Safety were worth $1,990,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MSA. Vanguard Group Inc. raised its holdings in shares of MSA Safety by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,802,609 shares of the industrial products company’s stock worth $599,481,000 after acquiring an additional 14,236 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in MSA Safety by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,132,779 shares of the industrial products company’s stock valued at $336,233,000 after acquiring an additional 87,707 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of MSA Safety by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 377,651 shares of the industrial products company’s stock worth $59,537,000 after acquiring an additional 5,432 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of MSA Safety by 31.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 281,558 shares of the industrial products company’s stock valued at $44,388,000 after buying an additional 67,902 shares during the last quarter. Finally, abrdn plc lifted its holdings in MSA Safety by 4.5% during the fourth quarter. abrdn plc now owns 233,346 shares of the industrial products company’s stock valued at $39,396,000 after purchasing an additional 9,949 shares during the last quarter. 92.51% of the stock is owned by institutional investors.

MSA Safety Trading Down 1.5 %

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

MSA Safety (NYSE:MSA) last announced its quarterly earnings results on Monday, April 29th. The industrial products company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.14. MSA Safety had a return on equity of 32.44% and a net margin of 3.28%. The company had revenue of $413.00 million during the quarter, compared to analyst estimates of $428.38 million. During the same quarter last year, the firm posted $1.36 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. As a group, research analysts forecast that MSA Safety Incorporated will post 7.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at MSA Safety

In related news, CEO Nishan J. Vartanian sold 4,099 shares of MSA Safety stock in a transaction dated 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 transaction, the chief executive officer now directly owns 67,800 shares of the company’s stock, valued at approximately $12,593,850. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other MSA Safety news, CAO Jonathan D. Buck sold 305 shares of MSA Safety stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $185.50, for a total value of $56,577.50. Following the completion of the sale, the chief accounting officer now owns 3,506 shares of the company’s stock, valued at approximately $650,363. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Nishan J. Vartanian sold 4,099 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $185.75, for a total value of $761,389.25. Following the transaction, the chief executive officer now directly owns 67,800 shares in the company, valued at $12,593,850. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,504 shares of company stock valued at $1,017,991. 6.07% of the stock is currently owned by corporate insiders.

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.