Channing Capital Management Lowers stake in MSA Safety Incorporated (MSA)

MSA Safety Incorporated (MSA) : Channing Capital Management reduced its stake in MSA Safety Incorporated by 0.93% during the most recent quarter end. The investment management company now holds a total of 969,416 shares of MSA Safety Incorporated which is valued at $53,511,763 after selling 9,087 shares in MSA Safety Incorporated , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.MSA Safety Incorporated makes up approximately 2.15% of Channing Capital Management’s portfolio.

Other Hedge Funds, Including , Anchor Capital Advisors boosted its stake in MSA in the latest quarter, The investment management firm added 254 additional shares and now holds a total of 24,948 shares of MSA Safety Incorporated which is valued at $1,377,130. MSA Safety Incorporated makes up approx 0.04% of Anchor Capital Advisors’s portfolio. Ftb Advisors added MSA to its portfolio by purchasing 50 company shares during the most recent quarter which is valued at $2,794.Retirement Systems Of Alabama boosted its stake in MSA in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 41,061 shares of MSA Safety Incorporated which is valued at $2,269,852. MSA Safety Incorporated makes up approx 0.01% of Retirement Systems Of Alabama’s portfolio.Msi Financial Services Inc boosted its stake in MSA in the latest quarter, The investment management firm added 1,457 additional shares and now holds a total of 1,657 shares of MSA Safety Incorporated which is valued at $91,599.

MSA Safety Incorporated closed down -0.12 points or -0.22% at $55.08 with 83,056 shares getting traded on Thursday. Post opening the session at $55.2, the shares hit an intraday low of $54.97 and an intraday high of $55.48 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, MSA Safety Incorporated reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.74. The company had revenue of $296.00 million for the quarter, compared to analysts expectations of $301.02 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on MSA Safety Incorporated. Company shares were Downgraded by Robert W. Baird on Jul 22, 2016 to ” Neutral”, Firm has raised the Price Target to $ 57 from a previous price target of $54 .Stifel Upgraded MSA Safety Incorporated on Jun 14, 2016 to ” Buy”, Price Target of the shares are set at $61.

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