Retirement Systems of Alabama Has $16.56 Million Stock Position in MSA Safety Incorporated (NYSE:MSA)

Retirement Systems of Alabama boosted its holdings in shares of MSA Safety Incorporated (NYSE:MSA) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99,899 shares of the industrial products company’s stock after acquiring an additional 2,180 shares during the quarter. Retirement Systems of Alabama owned 0.25% of MSA Safety worth $16,560,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. ORG Partners LLC purchased a new position in MSA Safety during the fourth quarter valued at approximately $1,131,000. Great Valley Advisor Group Inc. grew its holdings in shares of MSA Safety by 67.6% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 23,385 shares of the industrial products company’s stock valued at $4,147,000 after acquiring an additional 9,433 shares in the last quarter. Barclays PLC increased its stake in shares of MSA Safety by 62.0% in the third quarter. Barclays PLC now owns 16,688 shares of the industrial products company’s stock worth $2,959,000 after acquiring an additional 6,384 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of MSA Safety during the third quarter worth $737,000. Finally, Jane Street Group LLC boosted its position in MSA Safety by 78.7% during the third quarter. Jane Street Group LLC now owns 9,671 shares of the industrial products company’s stock valued at $1,715,000 after purchasing an additional 4,259 shares during the last quarter. Hedge funds and other institutional investors own 92.51% of the company’s stock.

MSA Safety Stock Up 0.7 %

MSA Safety stock opened at $166.31 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.68 and a quick ratio of 1.56. The firm has a fifty day moving average price of $167.41 and a two-hundred day moving average price of $172.93. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 24.03 and a beta of 1.00. MSA Safety Incorporated has a fifty-two week low of $153.79 and a fifty-two week high of $200.60.

MSA Safety Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 14th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, February 14th. MSA Safety’s dividend payout ratio is currently 29.48%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. DA Davidson initiated coverage on MSA Safety in a research report on Thursday, December 19th. They issued a “buy” rating and a $195.00 target price on the stock. B. Riley started coverage on shares of MSA Safety in a research report on Tuesday, November 5th. They issued a “buy” rating and a $200.00 target price for the company. Finally, Jefferies Financial Group started coverage on shares of MSA Safety in a report on Thursday, December 12th. They set a “hold” rating and a $200.00 price target on the stock. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, MSA Safety presently has a consensus rating of “Buy” and a consensus price target of $202.50.

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.