Quantbot Technologies LP Invests $399,000 in Brady Corporation $BRC

Key Points

• Quantbot Technologies LP acquired a new stake in Brady Corporation, purchasing 5,655 shares valued at approximately $399,000.
• Institutional investors now own 76.28% of Brady's stock, with notable increases from firms like Envestnet Asset Management and Tower Research Capital.
• Analysts have issued strong ratings for Brady, with a consensus rating of “Strong Buy”, indicating positive sentiment towards the stock's future performance.

Quantbot Technologies LP acquired a new stake in shares of Brady Corporation (NYSE:BRC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,655 shares of the industrial products company's stock, valued at approximately $399,000.

Several other institutional investors also recently bought and sold shares of the business. Northern Trust Corp increased its holdings in Brady by 1.7% during the first quarter. Northern Trust Corp now owns 216,892 shares of the industrial products company's stock valued at $15,321,000 after buying an additional 3,572 shares during the period. Versor Investments LP purchased a new position in Brady during the first quarter valued at approximately $343,000. Liontrust Investment Partners LLP purchased a new position in Brady during the first quarter valued at approximately $783,000. Neuberger Berman Group LLC increased its holdings in Brady by 196.6% during the first quarter. Neuberger Berman Group LLC now owns 1,614,375 shares of the industrial products company's stock valued at $114,039,000 after buying an additional 1,070,000 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Brady during the first quarter valued at approximately $74,000. 76.28% of the stock is owned by hedge funds and other institutional investors.

Brady Stock Up 0.7%

BRC traded up $0.53 during trading on Friday, hitting $78.12. The stock had a trading volume of 161,957 shares, compared to its average volume of 148,657. The company has a market capitalization of $3.70 billion, a PE ratio of 19.34 and a beta of 0.81. Brady Corporation has a twelve month low of $62.70 and a twelve month high of $78.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.26 and a current ratio of 1.87. The stock has a 50 day simple moving average of $70.90 and a two-hundred day simple moving average of $70.49.

Wall Street Analyst Weigh In

BRC has been the topic of several research reports. Wall Street Zen raised shares of Brady from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Sidoti raised shares of Brady to a "strong-buy" rating in a report on Monday, May 19th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Brady presently has a consensus rating of "Strong Buy".

Brady Company 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.