Oregon Public Employees Retirement Fund Purchases New Position in Brink’s Company (The) (BCO)

Oregon Public Employees Retirement Fund purchased a new stake in Brink’s Company (The) (NYSE:BCO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,700 shares of the business services provider’s stock, valued at approximately $1,575,000.

Several other large investors have also recently made changes to their positions in BCO. Thrivent Financial For Lutherans increased its stake in shares of Brink’s Company (The) by 2,932.2% in the second quarter. Thrivent Financial For Lutherans now owns 773,525 shares of the business services provider’s stock valued at $51,827,000 after purchasing an additional 748,015 shares during the period. American Century Companies Inc. increased its stake in shares of Brink’s Company (The) by 148.7% in the second quarter. American Century Companies Inc. now owns 1,127,433 shares of the business services provider’s stock valued at $75,538,000 after purchasing an additional 674,096 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Brink’s Company (The) in the second quarter valued at approximately $40,125,000. Principal Financial Group Inc. increased its stake in shares of Brink’s Company (The) by 128.6% in the second quarter. Principal Financial Group Inc. now owns 807,295 shares of the business services provider’s stock valued at $54,089,000 after purchasing an additional 454,097 shares during the period. Finally, Pictet Asset Management Ltd. increased its stake in shares of Brink’s Company (The) by 231.0% in the third quarter. Pictet Asset Management Ltd. now owns 609,000 shares of the business services provider’s stock valued at $51,308,000 after purchasing an additional 425,000 shares during the period. Institutional investors own 89.86% of the company’s stock.

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Several equities research analysts have commented on BCO shares. Zacks Investment Research upgraded shares of Brink’s Company (The) from a “hold” rating to a “strong-buy” rating and set a $97.00 price target on the stock in a research note on Tuesday, October 10th. Sidoti started coverage on shares of Brink’s Company (The) in a research note on Friday, October 20th. They issued a “buy” rating on the stock. ValuEngine upgraded shares of Brink’s Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. SunTrust Banks, Inc. restated a “buy” rating and issued a $98.00 price target on shares of Brink’s Company (The) in a research note on Wednesday, October 18th. Finally, Imperial Capital upgraded shares of Brink’s Company (The) from an “in-line” rating to an “outperform” rating and raised their price target for the company from $72.00 to $86.00 in a research note on Wednesday, August 9th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Brink’s Company (The) presently has an average rating of “Buy” and an average target price of $93.67.

In other news, Director Peter A. Feld sold 75,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $75.72, for a total value of $5,679,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Douglas A. Pertz acquired 6,570 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was bought at an average price of $76.18 per share, with a total value of $500,502.60. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 15,150 shares of company stock valued at $1,163,463 and sold 241,845 shares valued at $18,515,757. Company insiders own 10.40% of the company’s stock.

Brink’s Company (NYSE BCO) opened at $78.35 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.20. The stock has a market cap of $3,957.90, a P/E ratio of 26.94 and a beta of 1.70. Brink’s Company has a 1-year low of $38.48 and a 1-year high of $87.30.

Brink’s Company (The) (NYSE:BCO) last posted its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.08. The business had revenue of $849.50 million during the quarter, compared to analysts’ expectations of $841.57 million. Brink’s Company (The) had a net margin of 2.51% and a return on equity of 35.15%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period last year, the firm posted $0.64 earnings per share. analysts anticipate that Brink’s Company will post 3.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, November 10th. Brink’s Company (The)’s dividend payout ratio (DPR) is presently 37.97%.

Brink’s Company (The) Profile

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.

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

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