Public Sector Pension Investment Board Has $9.90 Million Stock Holdings in Brady Corporation (NYSE:BRC)

Key Points

• The Public Sector Pension Investment Board increased its holdings in Brady Corporation by 27.7%, acquiring an additional 30,418 shares during the first quarter, bringing its total to 140,204 shares valued at approximately $9.9 million.
• Brady Corporation reported a quarterly earnings per share (EPS) of $1.22, which met analyst expectations, and their revenue for the quarter was $382.59 million, slightly below the consensus estimate.
• Recent analyst ratings for Brady include a "strong-buy" upgrade from Sidoti, while Wall Street Zen downgraded the stock from a "buy" to a "hold" rating.

Public Sector Pension Investment Board grew its holdings in Brady Corporation (NYSE:BRC - Free Report) by 27.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,204 shares of the industrial products company's stock after acquiring an additional 30,418 shares during the quarter. Public Sector Pension Investment Board owned 0.29% of Brady worth $9,904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BRC. Champlain Investment Partners LLC bought a new stake in shares of Brady in the fourth quarter valued at approximately $30,314,000. GAMMA Investing LLC raised its stake in shares of Brady by 7,044.2% in the first quarter. GAMMA Investing LLC now owns 138,454 shares of the industrial products company's stock valued at $9,780,000 after purchasing an additional 136,516 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Brady by 29.7% in the first quarter. Allianz Asset Management GmbH now owns 516,499 shares of the industrial products company's stock worth $36,485,000 after purchasing an additional 118,133 shares during the period. Clark Capital Management Group Inc. bought a new position in Brady in the fourth quarter worth $7,713,000. Finally, Balyasny Asset Management L.P. lifted its position in Brady by 183.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 96,171 shares of the industrial products company's stock worth $7,102,000 after purchasing an additional 62,191 shares during the period. 76.28% of the stock is owned by institutional investors.

Brady Stock Performance

BRC stock traded down $0.26 during midday trading on Friday, hitting $72.40. The stock had a trading volume of 129,563 shares, compared to its average volume of 137,485. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.09. The stock has a 50-day simple moving average of $69.47 and a 200 day simple moving average of $70.40. Brady Corporation has a 52 week low of $62.70 and a 52 week high of $77.68. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 17.92 and a beta of 0.81.

Brady (NYSE:BRC - Get Free Report) last released its quarterly earnings data on Friday, May 16th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.22. The firm had revenue of $382.59 million during the quarter, compared to analyst estimates of $386.61 million. Brady had a return on equity of 19.57% and a net margin of 13.35%. The business's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 earnings per share. As a group, equities research analysts anticipate that Brady Corporation will post 4.55 earnings per share for the current year.

Analyst Ratings Changes

BRC has been the subject of several research reports. Sidoti raised Brady to a "strong-buy" rating in a research report on Monday, May 19th. Wall Street Zen cut Brady from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th.

Brady Profile

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.