Can Brady Corporation (NYSE:BRC)’s Tomorrow be Different? The Stock Had Increase in Shorts

May 18, 2018 - By James Hentges

Brady Corporation (NYSE:BRC) Logo

Investors sentiment increased to 1.04 in 2017 Q4. Its up 0.03, from 1.01 in 2017Q3. It is positive, as 22 investors sold Brady Corporation shares while 54 reduced holdings. 23 funds opened positions while 56 raised stakes. 38.66 million shares or 0.94% more from 38.30 million shares in 2017Q3 were reported.
Deutsche Bank Ag owns 314,712 shares or 0.01% of their US portfolio. Manufacturers Life Insurance The holds 0% of its portfolio in Brady Corporation (NYSE:BRC) for 35,470 shares. Proshare Limited Liability Company invested in 0.06% or 213,368 shares. Citadel Advisors Lc invested in 0% or 30,252 shares. Swiss Commercial Bank invested in 0% or 80,200 shares. Rhumbline Advisers reported 112,860 shares. Hbk Invs L P invested 0.01% of its portfolio in Brady Corporation (NYSE:BRC). Aqr Cap Limited Co has 19,809 shares. Advsr Asset Mgmt holds 0.03% or 44,841 shares in its portfolio. Riverhead Capital Mgmt Ltd Limited Liability Company has 0.01% invested in Brady Corporation (NYSE:BRC) for 4,253 shares. Alliancebernstein Limited Partnership accumulated 70,112 shares or 0% of the stock. Alps Advisors holds 12,924 shares. Texas Permanent School Fund has 32,460 shares for 0.02% of their portfolio. Bnp Paribas Arbitrage Sa owns 19,737 shares. Piedmont Investment Advisors Lc invested in 0.01% or 9,870 shares.

Since December 12, 2017, it had 0 insider buys, and 2 sales for $954,442 activity. Shares for $849,754 were sold by Curran Bentley on Friday, January 19.

The stock of Brady Corporation (NYSE:BRC) registered an increase of 7.89% in short interest. BRC’s total short interest was 751,900 shares in May as published by FINRA. Its up 7.89% from 696,900 shares, reported previously. With 155,800 shares average volume, it will take short sellers 5 days to cover their BRC’s short positions. The short interest to Brady Corporation’s float is 1.62%.

The stock increased 0.58% or $0.225 during the last trading session, reaching $39.125. About 21,603 shares traded. Brady Corporation (NYSE:BRC) has declined 3.81% since May 18, 2017 and is downtrending. It has underperformed by 15.36% the S&P500.

Brady Corporation manufactures and supplies identification solutions and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company has market cap of $2.03 billion. The IDS segment offers safety signs, pipe markers, labeling systems, spill control products, and lockout/tagout devices for facility identification and protection; materials and printing systems for product identification, brand protection labeling, work in process labeling, and finished product identification; and hand-held printers, wire markers, sleeves, and tags for wire identification, as well as software and services for safety compliance auditing, procedure writing, and training. It has a 26.58 P/E ratio. The Company’s products also comprise name tags, badges, lanyards, and access control software for people identification; wristbands and labels for tracking and enhancing the safety of patients in hospitals; and custom wristbands for use in the leisure and entertainment industry, such as theme parks, concerts, and festivals.

Brady Corporation (NYSE:BRC) Ratings Coverage

Among 4 analysts covering Brady Corporation (NYSE:BRC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Brady Corporation had 4 analyst reports since January 2, 2018 according to SRatingsIntel. The company was upgraded on Tuesday, January 2 by Bank of America. On Thursday, January 25 the stock rating was maintained by Northcoast with “Buy”. Robert W. Baird maintained the stock with “Hold” rating in Thursday, February 22 report. The firm earned “Hold” rating on Thursday, February 22 by SunTrust.

Brady Corporation (NYSE:BRC) Institutional Positions Chart

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