WINTON GROUP Ltd lowered its holdings in shares of Brink’s Company (The) (NYSE:BCO) by 75.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,610 shares of the business services provider’s stock after selling 83,674 shares during the quarter. WINTON GROUP Ltd owned approximately 0.05% of Brink’s worth $2,242,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in BCO. Aperio Group LLC grew its position in shares of Brink’s by 16.1% during the second quarter. Aperio Group LLC now owns 12,789 shares of the business services provider’s stock worth $857,000 after purchasing an additional 1,772 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Brink’s by 23.7% during the second quarter. Russell Investments Group Ltd. now owns 190,478 shares of the business services provider’s stock worth $12,761,000 after purchasing an additional 36,454 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of Brink’s by 4.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 10,720 shares of the business services provider’s stock worth $718,000 after purchasing an additional 460 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Brink’s by 4.1% during the second quarter. Great West Life Assurance Co. Can now owns 66,601 shares of the business services provider’s stock worth $4,458,000 after purchasing an additional 2,615 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new stake in shares of Brink’s during the second quarter worth about $202,000. Hedge funds and other institutional investors own 90.53% of the company’s stock.
Several analysts recently issued reports on the company. Imperial Capital upgraded Brink’s from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $72.00 to $86.00 in a research report on Wednesday, August 9th. Zacks Investment Research cut Brink’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 18th. ValuEngine cut Brink’s from a “buy” rating to a “hold” rating in a report on Friday. Sidoti assumed coverage on Brink’s in a report on Friday, October 20th. They set a “buy” rating for the company. Finally, SunTrust Banks restated a “buy” rating and set a $98.00 price target on shares of Brink’s in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $93.67.
Brink’s Company (NYSE:BCO) opened at $79.85 on Friday. The firm has a market capitalization of $4,031.07, a P/E ratio of 27.44 and a beta of 1.71. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.21 and a current ratio of 1.21. Brink’s Company has a 1-year low of $38.48 and a 1-year high of $87.30.
Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share 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 had a return on equity of 35.15% and a net margin of 2.51%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. equities research analysts expect that Brink’s Company will post 3.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 13th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, November 10th. Brink’s’s dividend payout ratio is presently 37.97%.
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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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