Marshall Wace LLP Purchases Shares of 299,193 Brink’s (BCO)

Marshall Wace LLP purchased a new position in shares of Brink’s (NYSE:BCO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 299,193 shares of the business services provider’s stock, valued at approximately $20,869,000. Marshall Wace LLP owned 0.59% of Brink’s at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BCO. Raymond James Financial Services Advisors Inc. increased its position in shares of Brink’s by 30.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,586 shares of the business services provider’s stock worth $525,000 after purchasing an additional 1,529 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Brink’s by 18.9% in the 2nd quarter. TD Asset Management Inc. now owns 44,094 shares of the business services provider’s stock worth $3,516,000 after purchasing an additional 7,000 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Brink’s in the 2nd quarter worth about $17,890,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Brink’s in the 2nd quarter worth about $1,096,000. Finally, Sei Investments Co. increased its position in shares of Brink’s by 19.4% in the 2nd quarter. Sei Investments Co. now owns 99,369 shares of the business services provider’s stock worth $7,925,000 after purchasing an additional 16,180 shares during the last quarter.

NYSE BCO opened at $62.05 on Friday. Brink’s has a one year low of $61.47 and a one year high of $88.10. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 5.89. The stock has a market capitalization of $3.22 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.24 and a beta of 1.59.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, October 24th. The business services provider reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.11. Brink’s had a negative net margin of 3.46% and a positive return on equity of 56.86%. The business had revenue of $852.00 million during the quarter, compared to analyst estimates of $843.96 million. During the same period in the previous year, the business posted $0.83 EPS. The company’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts forecast that Brink’s will post 3.32 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Friday, November 9th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Thursday, November 8th. Brink’s’s dividend payout ratio (DPR) is presently 19.80%.

Several equities research analysts have recently weighed in on BCO shares. Zacks Investment Research downgraded shares of Brink’s from a “hold” rating to a “sell” rating in a research report on Friday, September 14th. Berenberg Bank started coverage on shares of Brink’s in a research report on Wednesday, September 12th. They issued a “buy” rating and a $90.00 target price for the company. ValuEngine downgraded shares of Brink’s from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Finally, SunTrust Banks dropped their target price on shares of Brink’s to $90.00 and set a “buy” rating for the company in a research report on Monday, October 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $94.33.

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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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Institutional Ownership by Quarter for Brink`s (NYSE:BCO)

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