Cookson Peirce & Co. Inc. Has $1.47 Million Position in MSA Safety Inc (MSA)

Cookson Peirce & Co. Inc. grew its stake in shares of MSA Safety Inc (NYSE:MSA) by 4.6% in the first quarter, Holdings Channel reports. The fund owned 14,230 shares of the industrial products company’s stock after buying an additional 620 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in MSA Safety were worth $1,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new position in shares of MSA Safety during the 4th quarter valued at about $28,000. Ffcm LLC increased its stake in shares of MSA Safety by 329.5% during the 4th quarter. Ffcm LLC now owns 378 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 290 shares during the last quarter. Starr International Co. Inc. acquired a new position in shares of MSA Safety during the 1st quarter valued at about $71,000. Simplex Trading LLC acquired a new position in shares of MSA Safety during the 4th quarter valued at about $84,000. Finally, Covington Capital Management acquired a new position in shares of MSA Safety during the 4th quarter valued at about $154,000. 73.64% of the stock is owned by institutional investors.

A number of research firms have recently commented on MSA. ValuEngine raised shares of MSA Safety from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research raised shares of MSA Safety from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $105.00 price objective on shares of MSA Safety in a research note on Friday, February 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. MSA Safety currently has an average rating of “Hold” and an average price target of $106.10.

In related news, VP Steven C. Sr. Blanco sold 4,695 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $108.19, for a total transaction of $507,952.05. Following the completion of the sale, the vice president now owns 11,589 shares of the company’s stock, valued at approximately $1,253,813.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas K. Mcclaine sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $109.80, for a total transaction of $1,098,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,287 shares of company stock valued at $9,352,224. Corporate insiders own 9.12% of the company’s stock.

MSA opened at $112.96 on Friday. The company has a market cap of $4.30 billion, a P/E ratio of 25.10 and a beta of 1.31. MSA Safety Inc has a 1 year low of $85.64 and a 1 year high of $113.06. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.53 and a quick ratio of 1.88.

MSA Safety (NYSE:MSA) last posted its earnings results on Wednesday, April 24th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.03. The firm had revenue of $326.00 million during the quarter, compared to the consensus estimate of $340.46 million. MSA Safety had a net margin of 8.47% and a return on equity of 27.93%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. On average, analysts expect that MSA Safety Inc will post 4.83 earnings per share for the current year.

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MSA Safety Company 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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