Profund Advisors LLC raised its holdings in Brink’s (NYSE:BCO) by 13.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,578 shares of the business services provider’s stock after buying an additional 1,041 shares during the quarter. Profund Advisors LLC’s holdings in Brink’s were worth $612,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCO. Carillon Tower Advisers Inc. acquired a new position in shares of Brink’s in the 4th quarter valued at about $27,151,000. Ascend Capital LLC acquired a new position in shares of Brink’s in the 4th quarter valued at about $26,378,000. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Brink’s by 29.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,004,477 shares of the business services provider’s stock valued at $71,670,000 after purchasing an additional 227,452 shares in the last quarter. Teachers Advisors LLC lifted its stake in shares of Brink’s by 142.5% in the 4th quarter. Teachers Advisors LLC now owns 316,992 shares of the business services provider’s stock valued at $24,947,000 after purchasing an additional 186,259 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Brink’s by 3.3% in the 4th quarter. BlackRock Inc. now owns 5,669,576 shares of the business services provider’s stock valued at $446,196,000 after purchasing an additional 182,730 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.
In other Brink’s news, SVP Rohan Pal sold 1,295 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $78.70, for a total value of $101,916.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael F. Beech sold 4,625 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $78.67, for a total value of $363,848.75. The disclosure for this sale can be found here. Insiders have sold a total of 33,280 shares of company stock worth $2,641,009 over the last three months. 2.48% of the stock is currently owned by corporate insiders.
Several equities analysts have recently weighed in on the company. TheStreet raised Brink’s from a “c+” rating to a “b-” rating in a research note on Tuesday, June 12th. ValuEngine raised Brink’s from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Zacks Investment Research lowered Brink’s from a “buy” rating to a “hold” rating in a research note on Tuesday, June 5th. Finally, Buckingham Research lifted their price objective on Brink’s from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, May 31st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Brink’s presently has an average rating of “Buy” and an average price target of $96.80.
Brink’s stock opened at $78.95 on Monday. The company has a market cap of $4.04 billion, a P/E ratio of 26.20, a P/E/G ratio of 1.08 and a beta of 1.79. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 3.10. Brink’s has a one year low of $65.70 and a one year high of $88.10.
Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, April 25th. The business services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $853.00 million for the quarter, compared to analyst estimates of $802.83 million. Brink’s had a return on equity of 39.12% and a net margin of 0.12%. Brink’s’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. sell-side analysts expect that Brink’s will post 3.77 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Friday, May 18th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 17th. Brink’s’s dividend payout ratio (DPR) is presently 19.80%.
Brink’s Company Profile
The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.
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