Alps Advisors Inc. increased its position in Brink’s Company (The) (NYSE:BCO) by 126.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,493 shares of the business services provider’s stock after acquiring an additional 5,866 shares during the quarter. Alps Advisors Inc.’s holdings in Brink’s Company (The) were worth $884,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. grew its holdings in Brink’s Company (The) by 22.5% during the 2nd quarter. Prudential Financial Inc. now owns 448,200 shares of the business services provider’s stock valued at $30,029,000 after buying an additional 82,220 shares in the last quarter. AHL Partners LLP purchased a new stake in Brink’s Company (The) during the 2nd quarter valued at approximately $919,000. First Trust Advisors LP grew its holdings in Brink’s Company (The) by 330.5% during the 2nd quarter. First Trust Advisors LP now owns 43,147 shares of the business services provider’s stock valued at $2,891,000 after buying an additional 33,125 shares in the last quarter. State Treasurer State of Michigan purchased a new stake in Brink’s Company (The) during the 3rd quarter valued at approximately $1,601,000. Finally, Louisiana State Employees Retirement System grew its holdings in Brink’s Company (The) by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the business services provider’s stock valued at $1,240,000 after buying an additional 200 shares in the last quarter. 89.86% of the stock is owned by institutional investors.
A number of brokerages have issued reports on BCO. Imperial Capital raised shares of Brink’s Company (The) from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $72.00 to $86.00 in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Brink’s Company (The) from a “strong-buy” rating to a “hold” rating in a report on Monday, September 18th. ValuEngine lowered shares of Brink’s Company (The) from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. SunTrust Banks, Inc. reiterated a “buy” rating and set a $98.00 target price on shares of Brink’s Company (The) in a research report on Wednesday, October 18th. Finally, Sidoti began coverage on Brink’s Company (The) in a research report on Friday, October 20th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Brink’s Company (The) currently has a consensus rating of “Buy” and a consensus target price of $93.67.
Brink’s Company (The) (NYSE:BCO) last issued its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. The company had revenue of $849.50 million during the quarter, compared to the consensus estimate of $841.57 million. Brink’s Company (The) had a return on equity of 35.15% and a net margin of 2.51%. Brink’s Company (The)’s revenue was up 12.4% on a year-over-year basis. During the same period last year, the company earned $0.64 earnings per share. sell-side analysts predict that Brink’s Company will post 3.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.77%. Brink’s Company (The)’s dividend payout ratio is presently 37.97%.
In related news, CFO Ronald James Domanico purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was bought at an average cost of $76.85 per share, for a total transaction of $230,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas A. Pertz purchased 1,280 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was bought at an average price of $78.00 per share, with a total value of $99,840.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 15,150 shares of company stock valued at $1,163,463 and sold 241,845 shares valued at $18,515,757. 10.40% of the stock is owned by company insiders.
About Brink’s Company (The)
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.
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