Ariel Investments Llc Decreased Brady Corp. (NYSE:BRC) Stake By $15.46 Million

August 12, 2018 - By Andrea Bass

Brady Corporation (NYSE:BRC) LogoInvestors sentiment increased to 1.47 in 2018 Q1. Its up 0.43, from 1.04 in 2017Q4. It increased, as 11 investors sold BRC shares while 47 reduced holdings. 22 funds opened positions while 63 raised stakes. 38.26 million shares or 1.02% less from 38.66 million shares in 2017Q4 were reported. Beck Mack And Oliver Ltd Com accumulated 21,600 shares. Prentiss Smith reported 2,000 shares or 0.04% of all its holdings. Northern Trust reported 0.01% stake. Connecticut-based Aqr Cap Mgmt Limited Liability has invested 0% in Brady Corporation (NYSE:BRC). First Trust Advsr Limited Partnership holds 0% of its portfolio in Brady Corporation (NYSE:BRC) for 33,863 shares. Capital One National Association holds 0.05% of its portfolio in Brady Corporation (NYSE:BRC) for 18,759 shares. Trexquant Investment Ltd Partnership accumulated 6,475 shares or 0.02% of the stock. Quantbot Technology Ltd Partnership holds 0.01% or 1,966 shares in its portfolio. Asset Mgmt has 45,763 shares. Swiss Commercial Bank invested 0% of its portfolio in Brady Corporation (NYSE:BRC). Voya Management Ltd Limited Liability Company invested in 0% or 20,213 shares. Geode Cap Mgmt Ltd Liability has invested 0.01% of its portfolio in Brady Corporation (NYSE:BRC). Meeder Asset Mgmt Incorporated reported 503 shares. Alpha Windward Ltd Llc has 13,320 shares for 0.31% of their portfolio. Bowling Management Limited Liability Corp reported 7,283 shares.

Since June 15, 2018, it had 0 insider buys, and 4 insider sales for $1.14 million activity. Another trade for 1,000 shares valued at $40,605 was made by RICHARDSON BRADLEY C on Wednesday, June 20. On Monday, June 18 Felmer Thomas J sold $472,514 worth of Brady Corporation (NYSE:BRC) or 11,667 shares. $546,277 worth of stock was sold by Curran Bentley on Tuesday, June 26.

Ariel Investments Llc decreased its stake in Brady Corp. (NYSE:BRC) by 17.9% based on its latest 2018Q2 regulatory filing with the SEC. Ariel Investments Llc sold 406,884 shares as the company’s stock rose 1.30% while stock markets declined. The hedge fund held 1.87 million shares of the miscellaneous manufacturing industries company at the end of 2018Q2, valued at $71.96M, down from 2.27M at the end of the previous reported quarter. Ariel Investments Llc who had been investing in Brady Corp. for a number of months, seems to be less bullish one the $1.93B market cap company. The stock decreased 0.53% or $0.2 during the last trading session, reaching $37.35. About 196,209 shares traded. Brady Corporation (NYSE:BRC) has risen 7.02% since August 13, 2017 and is uptrending. It has underperformed by 5.55% the S&P500.

After working as a stockbroker at William Blair & Company, John W. Roders founded Ariel Investments in 1983. He received the Woodrow Wilson Award in 2008 from Princeton University, the university where he received an AB in Economics. Ariel Investments Llc is a Illinois-based hedge fund that was founded by John W. Rogers. It had more than $8.99 billion assets under management in July, 2014. Taken from Ariel Investments latest Adv, the fund reported to have 60 full and part-time employees. Among which 18 performing investment advisory and research functions. The hedge fund had more than 200 clients.

Brady Corporation (NYSE:BRC) Ratings Coverage

Among 3 analysts covering Brady Corp (NYSE:BRC), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Brady Corp had 3 analyst reports since February 22, 2018 according to SRatingsIntel. As per Thursday, February 22, the company rating was maintained by Robert W. Baird. The company was downgraded on Monday, July 16 by Bank of America. As per Thursday, February 22, the company rating was maintained by SunTrust.

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 $1.93 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 24.35 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.

Another recent and important Brady Corporation (NYSE:BRC) news was published by which published an article titled: “Dividend Champion Spotlight: Brady Corporation” on August 08, 2018.

Brady Corporation (NYSE:BRC) Institutional Positions Chart

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