Tygh Capital Management Inc. increased its stake in shares of MSA Safety Inc (NYSE:MSA) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,544 shares of the industrial products company’s stock after purchasing an additional 3,173 shares during the quarter. MSA Safety comprises about 1.6% of Tygh Capital Management Inc.’s portfolio, making the stock its 22nd biggest position. Tygh Capital Management Inc.’s holdings in MSA Safety were worth $7,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. acquired a new position in MSA Safety during the third quarter worth $1,150,000. Nisa Investment Advisors LLC boosted its stake in MSA Safety by 124.2% during the third quarter. Nisa Investment Advisors LLC now owns 6,860 shares of the industrial products company’s stock worth $730,000 after buying an additional 3,800 shares during the last quarter. Ramsey Quantitative Systems acquired a new position in MSA Safety during the third quarter worth $410,000. Aperio Group LLC boosted its stake in MSA Safety by 10.6% during the third quarter. Aperio Group LLC now owns 11,534 shares of the industrial products company’s stock worth $1,228,000 after buying an additional 1,101 shares during the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new position in MSA Safety during the third quarter worth $3,003,000. 75.88% of the stock is currently owned by institutional investors and hedge funds.
Shares of MSA Safety stock traded up $0.26 during trading hours on Tuesday, hitting $102.20. The company’s stock had a trading volume of 3,584 shares, compared to its average volume of 174,819. MSA Safety Inc has a twelve month low of $73.14 and a twelve month high of $110.83. The firm has a market cap of $3.89 billion, a PE ratio of 26.29 and a beta of 1.30. The company has a quick ratio of 1.59, a current ratio of 2.19 and a debt-to-equity ratio of 0.56.
Several equities analysts have recently commented on the company. Zacks Investment Research raised MSA Safety from a “sell” rating to a “hold” rating in a research note on Friday, January 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $115.00 price target on shares of MSA Safety in a research note on Wednesday, December 19th. ValuEngine raised MSA Safety from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. William Blair assumed coverage on MSA Safety in a research note on Thursday, January 10th. They issued a “market perform” rating and a $98.30 price target on the stock. Finally, Robert W. Baird lowered MSA Safety from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $107.00 to $98.00 in a research note on Friday, December 21st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. MSA Safety currently has an average rating of “Hold” and an average price target of $100.83.
In related news, insider William M. Lambert sold 9,863 shares of the business’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $106.49, for a total value of $1,050,310.87. Following the sale, the insider now owns 52,284 shares in the company, valued at approximately $5,567,723.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Steven C. Sr. Blanco sold 3,086 shares of the business’s stock in a transaction on Friday, November 16th. The shares were sold at an average price of $108.78, for a total value of $335,695.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,086 shares of company stock worth $2,460,224. Corporate insiders own 9.90% of the company’s stock.
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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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