Alps Advisors Inc. reduced its stake in shares of Brink's (NYSE:BCO) by 66.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,530 shares of the business services provider’s stock after selling 6,963 shares during the period. Alps Advisors Inc.’s holdings in Brink's were worth $278,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cypress Capital Management LLC WY purchased a new stake in Brink's in the third quarter worth about $122,000. Meeder Asset Management Inc. purchased a new stake in Brink's in the third quarter worth about $128,000. PNC Financial Services Group Inc. lifted its stake in Brink's by 493.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the business services provider’s stock worth $180,000 after acquiring an additional 2,227 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Brink's by 105.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,670 shares of the business services provider’s stock worth $210,000 after acquiring an additional 1,370 shares during the period. Finally, Haverford Trust Co. purchased a new stake in Brink's in the third quarter worth about $233,000. 88.13% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on BCO. SunTrust Banks reaffirmed a “buy” rating and issued a $98.00 price objective on shares of Brink's in a research note on Wednesday, October 18th. Sidoti began coverage on shares of Brink's in a research note on Friday, October 20th. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of Brink's from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Imperial Capital reaffirmed an “outperform” rating and issued a $100.00 price objective (up from $86.00) on shares of Brink's in a research note on Thursday, January 18th. Finally, ValuEngine lowered shares of Brink's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Brink's has a consensus rating of “Buy” and a consensus price target of $93.50.
Brink's (NYSE:BCO) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). The business had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $851.35 million. Brink's had a return on equity of 36.76% and a net margin of 0.50%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. analysts anticipate that Brink's will post 3.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $0.60 dividend on an annualized basis and a yield of 0.81%. Brink's’s dividend payout ratio is presently 193.55%.
In other news, Director George I. Stoeckert bought 2,700 shares of Brink's stock in a transaction on Tuesday, December 12th. The stock was acquired at an average cost of $80.55 per share, for a total transaction of $217,485.00. Following the completion of the acquisition, the director now owns 12,014 shares of the company’s stock, valued at approximately $967,727.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ronald James Domanico bought 3,500 shares of Brink's stock in a transaction on Thursday, February 8th. The stock was purchased at an average price of $72.18 per share, with a total value of $252,630.00. The disclosure for this purchase can be found here. Insiders acquired 19,200 shares of company stock valued at $1,431,355 over the last quarter. 10.40% of the stock is currently owned by corporate insiders.
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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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