Thu Sep 26 15:00:02 UTC 2024: ## Colorado Pension Fund Sells MSA Safety Shares, While Other Investors Buy In
**Denver, CO – September 26, 2024** – The Public Employees Retirement Association of Colorado (PERA) reduced its stake in MSA Safety Incorporated (NYSE:MSA) by 5.9% during the second quarter, according to filings with the Securities and Exchange Commission. PERA now owns 3,928 shares of the industrial safety products company, valued at $737,000.
This move comes as other hedge funds have been increasing their positions in MSA Safety. BNP Paribas Financial Markets lifted its stake by 30.3% in the first quarter, while Mountain Pacific Investment Advisers Inc. ID and DekaBank Deutsche Girozentrale boosted their holdings by 35.3% and 231.0%, respectively. Quadrature Capital Ltd also grew its position by 80.9%, and M&G Plc purchased a new stake in the company during the same period.
MSA Safety stock opened at $178.53 on Thursday, with a market cap of $7.03 billion. The company has a P/E ratio of 26.45 and a beta of 0.99.
On August 10th, MSA Safety declared a quarterly dividend of $0.51, representing an annualized dividend of $2.04 and a yield of 1.14%.
Several research firms have recently weighed in on MSA, with Stifel Nicolaus increasing its price objective from $200.00 to $215.00 and maintaining a “buy” rating. William Blair also raised its rating to “strong-buy.”
In other news, MSA CEO Nishan J. Vartanian sold 3,945 shares of the stock on July 31st, at an average price of $189.00.
MSA Safety Incorporated develops and supplies safety products and technology solutions for various industries, including fire service, energy, utility, construction, and industrial manufacturing.
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