Peregrine Capital Management Exits Position in MSA Safety Incorporated with 236 Share Sale
January 5, 2024
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Peregrine Capital Management LLC has recently sold 236 shares of MSA ($NYSE:MSA) Safety Incorporated, a global leader in the field of safety equipment and services. MSA Safety Incorporated provides a range of safety solutions to protect workers in a wide variety of industries, from oil and gas to mining and construction. The company has a long history of providing innovative products and services to protect workers from hazardous conditions. Its products are used by millions of workers around the world and its services have saved the lives of countless individuals. With a commitment to ensuring worker safety, MSA Safety Incorporated is a trusted provider of safety equipment and services.
The company strives to create products that exceed the highest standards of safety, and its dedication to providing quality products has earned it a reputation as one of the leading safety companies in the industry. By exiting their position in MSA Safety Incorporated, Peregrine Capital Management LLC has demonstrated their confidence in the company and their commitment to protecting worker safety.
Stock Price
MSA Safety opened the day at $167.6 and closed at $167.9, slightly lower than its previous closing price of $168.8. This move is a part of Peregrine Capital Management’s strategy to exit its position in the company. The sale marks a significant shift for the company as it signals a shift away from their current holdings in MSA Safety Incorporated. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Msa Safety. More…
| Total Revenues | Net Income | Net Margin |
| 1.74k | 33.6 | 9.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Msa Safety. More…
| Operations | Investing | Financing |
| -12.51 | -28.38 | 53.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Msa Safety. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.19k | 1.33k | 22.1 |
Key Ratios Snapshot
Some of the financial key ratios for Msa Safety are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.1% | 15.1% | 12.7% |
| FCF Margin | ROE | ROA |
| -3.4% | 16.3% | 6.3% |
Analysis
At GoodWhale, we conducted an analysis of MSA SAFETY‘s wellbeing and classified them as a ‘gorilla’ according to our Star Chart. This classification means that MSA SAFETY is a company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are looking for consistent returns and strong performance may find MSA SAFETY attractive. The company has a high health score of 8/10 with regard to cashflows and debt, which means that it is capable to safely ride out any crisis without the risk of bankruptcy. Moreover, MSA SAFETY has strong dividend and profitability, and medium ratings in asset and growth. This combination of ratings indicates that the company is well-positioned for steady, sustained growth in the future. More…
Peers
Its competitors include RIKEN KEIKI Co Ltd, Burckhardt Compression Holding AG, Hydrogen Engine Center Inc.
– RIKEN KEIKI Co Ltd ($TSE:7734)
Riken Keiki Co Ltd, a leading provider of scientific and industrial instruments, has a market cap of 118.24B as of 2022. The company’s return on equity (ROE) is 11.4%. Riken Keiki is primarily engaged in the development, manufacture and sale of gas detectors, gas analyzers and other measuring instruments. The company’s products are used in a wide range of industries, including environmental protection, petrochemicals, pharmaceuticals, food and beverage, and semiconductors.
– Burckhardt Compression Holding AG ($LTS:0QNN)
Burckhardt Compression Holding AG is a leading global provider of compression solutions for the process industry. The company has a market cap of 1.75B as of 2022 and a Return on Equity of 18.77%. Burckhardt Compression develops, manufactures, and markets a broad range of high-pressure reciprocating compressors, process gas compressors, and related systems and components for a wide range of applications in the oil & gas, chemical, petrochemical, and other industries.
– Hydrogen Engine Center Inc ($OTCPK:HYEG)
Hydrogen Engine Center Inc is a company that manufactures hydrogen engines and fuel cells. The company has a market cap of 3.02M as of 2022 and a return on equity of -161.96%. The company’s products are used in a variety of applications, including stationary power generation, material handling, and transportation.
Summary
Peregrine Capital Management LLC recently sold 236 shares of MSA Safety Incorporated stock. This suggests that the firm is no longer bullish on MSA Safety as an investment. In terms of the company’s fundamentals, MSA Safety is a safety equipment manufacturer, which is a defensive sector that is typically less volatile in market downturns.
However, investors should look at the company’s financials to assess its risk profile, as it has been trading at a relatively low price-to-earnings ratio compared to its peers.
Additionally, the company’s dividend yield is slightly higher than average, but its payout ratio is relatively high. Furthermore, MSA Safety’s revenue and earnings per share have been declining in recent quarters and it may be wise for investors to weigh these factors before investing in the stock.
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