Tealwood Asset Management Inc. Decreases Stock Holdings in Brink’s (NYSE:BCO)

Tealwood Asset Management Inc. trimmed its position in shares of Brink’s (NYSE:BCO) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,681 shares of the business services provider’s stock after selling 1,614 shares during the quarter. Tealwood Asset Management Inc. owned about 0.08% of Brink’s worth $3,140,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc increased its holdings in Brink’s by 63.4% in the 1st quarter. NumerixS Investment Technologies Inc now owns 1,144 shares of the business services provider’s stock worth $86,000 after buying an additional 444 shares during the period. Bremer Bank National Association acquired a new stake in shares of Brink’s during the 1st quarter worth approximately $107,000. Kavar Capital Partners LLC acquired a new stake in shares of Brink’s during the 2nd quarter worth approximately $142,000. ETF Managers Group LLC grew its stake in shares of Brink’s by 7.9% during the 1st quarter. ETF Managers Group LLC now owns 2,013 shares of the business services provider’s stock worth $152,000 after purchasing an additional 148 shares during the period. Finally, Dupont Capital Management Corp acquired a new stake in shares of Brink’s during the 1st quarter worth approximately $188,000. 99.26% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on BCO shares. Zacks Investment Research raised shares of Brink’s from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Imperial Capital raised their price objective on shares of Brink’s from $100.00 to $105.00 and gave the stock 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 company. The company presently has a consensus rating of “Buy” and an average target price of $95.00.

Shares of NYSE BCO traded down $1.15 during midday trading on Thursday, reaching $76.63. 11,575 shares of the stock were exchanged, compared to its average volume of 405,548. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.32 and a beta of 1.44. Brink’s has a twelve month low of $59.08 and a twelve month high of $93.81. The firm has a 50-day simple moving average of $86.81 and a two-hundred day simple moving average of $80.59. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 7.91.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.01. The business had revenue of $914.00 million for the quarter, compared to analysts’ expectations of $898.98 million. Brink’s had a net margin of 2.20% and a return on equity of 92.10%. During the same quarter last year, the company earned $0.74 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Research analysts expect that Brink’s will post 4.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, July 29th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $0.60 dividend on an annualized basis and a yield of 0.78%. Brink’s’s dividend payout ratio is currently 17.34%.

Brink’s Company Profile

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.

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

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