TD Asset Management Inc. Reduces Position in Brink’s (NYSE:BCO)

TD Asset Management Inc. lessened its holdings in shares of Brink’s (NYSE:BCO) by 8.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,830 shares of the business services provider’s stock after selling 4,305 shares during the quarter. TD Asset Management Inc. owned approximately 0.09% of Brink’s worth $3,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of BCO. Iridian Asset Management LLC CT purchased a new position in shares of Brink’s during the 2nd quarter worth $78,269,000. Thornburg Investment Management Inc. purchased a new position in shares of Brink’s during the 1st quarter valued at $10,156,000. Redwood Investments LLC lifted its stake in shares of Brink’s by 19.2% during the 1st quarter. Redwood Investments LLC now owns 318,218 shares of the business services provider’s stock valued at $23,997,000 after buying an additional 51,169 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Brink’s by 6.4% during the 1st quarter. Eagle Asset Management Inc. now owns 756,300 shares of the business services provider’s stock valued at $57,032,000 after buying an additional 45,637 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Brink’s by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 541,449 shares of the business services provider’s stock valued at $35,004,000 after buying an additional 41,350 shares in the last quarter. Institutional investors and hedge funds own 99.26% of the company’s stock.

BCO opened at $77.78 on Thursday. The company has a debt-to-equity ratio of 7.91, a quick ratio of 1.40 and a current ratio of 1.40. Brink’s has a fifty-two week low of $59.08 and a fifty-two week high of $93.81. The firm’s fifty day moving average is $86.81 and its 200 day moving average is $80.59. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.32 and a beta of 1.44.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, July 24th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.01. Brink’s had a net margin of 2.20% and a return on equity of 92.10%. The company had revenue of $914.00 million for the quarter, compared to analysts’ expectations of $898.98 million. During the same quarter in the previous year, the company earned $0.74 EPS. Brink’s’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities research analysts predict that Brink’s will post 4.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, July 29th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, July 26th. Brink’s’s dividend payout ratio (DPR) is 17.34%.

BCO has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Brink’s from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Imperial Capital lifted their target price on shares of Brink’s from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $95.00.

About Brink’s

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. 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.

Read More: What is a Candlestick Chart?

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

Receive News & Ratings for Brink's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's and related companies with MarketBeat.com's FREE daily email newsletter.