Sit Investment Associates Inc. Has $2.90 Million Position in Brink's (BCO)

Sit Investment Associates Inc. increased its position in shares of Brink's (NYSE:BCO) by 238.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,875 shares of the business services provider’s stock after buying an additional 25,975 shares during the period. Sit Investment Associates Inc.’s holdings in Brink's were worth $2,902,000 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. Thrivent Financial For Lutherans increased its stake in Brink's by 2,932.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 773,525 shares of the business services provider’s stock worth $51,827,000 after buying an additional 748,015 shares during the period. Pictet Asset Management Ltd. increased its position in shares of Brink's by 231.0% in the 3rd quarter. Pictet Asset Management Ltd. now owns 609,000 shares of the business services provider’s stock worth $51,308,000 after purchasing an additional 425,000 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in shares of Brink's in the 3rd quarter worth about $31,028,000. Vanguard Group Inc. increased its position in shares of Brink's by 7.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,306,384 shares of the business services provider’s stock worth $355,528,000 after purchasing an additional 360,947 shares during the last quarter. Finally, DSAM Partners London Ltd bought a new stake in shares of Brink's in the 3rd quarter worth about $24,800,000. 90.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Brink's (BCO) opened at $83.80 on Friday. The firm has a market cap of $4,230.48, a PE ratio of 28.80 and a beta of 1.71. Brink's has a 1 year low of $42.05 and a 1 year high of $87.89. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.21 and a quick ratio of 1.21.

Brink's (NYSE:BCO) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 had a net margin of 2.51% and a return on equity of 35.15%. The company’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 EPS. equities research analysts forecast that Brink's will post 3.05 earnings per share for the current fiscal year.

In other Brink's news, insider Douglas A. Pertz acquired 6,570 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was acquired at an average price of $76.18 per share, with a total value of $500,502.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George I. Stoeckert acquired 1,000 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average cost of $80.40 per share, with a total value of $80,400.00. Following the transaction, the director now owns 12,014 shares in the company, valued at $965,925.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 18,850 shares of company stock valued at $1,461,348. Insiders own 10.40% of the company’s stock.

Several research firms have recently weighed in on BCO. Zacks Investment Research downgraded shares of Brink's from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 18th. ValuEngine downgraded shares of Brink's from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Sidoti began coverage on shares of Brink's in a research report on Friday, October 20th. They issued a “buy” rating for the company. Finally, SunTrust Banks reissued a “buy” rating and issued a $98.00 target price on shares of Brink's in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $93.75.

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Brink's 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.

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

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