Neuberger Berman Group LLC acquired a new stake in Brink’s Company (The) (NYSE:BCO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 212,660 shares of the business services provider’s stock, valued at approximately $17,917,000. Neuberger Berman Group LLC owned 0.42% of Brink’s at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its holdings in shares of Brink’s by 3.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,027 shares of the business services provider’s stock valued at $270,000 after purchasing an additional 136 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Brink’s by 6.3% in the 2nd quarter. Amalgamated Bank now owns 6,335 shares of the business services provider’s stock valued at $424,000 after purchasing an additional 378 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Brink’s by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,406 shares of the business services provider’s stock valued at $2,372,000 after purchasing an additional 635 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Brink’s by 0.5% in the 3rd quarter. California Public Employees Retirement System now owns 141,209 shares of the business services provider’s stock valued at $11,897,000 after purchasing an additional 652 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Brink’s by 2.7% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 26,192 shares of the business services provider’s stock valued at $2,206,000 after purchasing an additional 700 shares in the last quarter. 90.55% of the stock is owned by institutional investors.
Several research analysts recently commented on BCO shares. ValuEngine upgraded shares of Brink’s from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Brink’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 18th. SunTrust Banks reiterated a “buy” rating and set a $98.00 price objective on shares of Brink’s in a research note on Wednesday, October 18th. Finally, Sidoti started coverage on shares of Brink’s in a research note on Friday, October 20th. They set a “buy” rating for the company. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Brink’s currently has a consensus rating of “Buy” and an average price target of $93.75.
Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.08. Brink’s had a net margin of 2.51% and a return on equity of 35.15%. The business had revenue of $849.50 million for the quarter, compared to analyst estimates of $841.57 million. During the same quarter in the prior year, the business posted $0.64 EPS. Brink’s’s revenue for the quarter was up 12.4% compared to the same quarter last year. equities research analysts expect that Brink’s Company will post 3.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 13th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.60 dividend on an annualized basis and a yield of 0.74%. Brink’s’s payout ratio is 37.97%.
In other Brink’s news, CFO Ronald James Domanico acquired 3,000 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were acquired at an average cost of $77.49 per share, with a total value of $232,470.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Douglas A. Pertz acquired 6,570 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was acquired at an average cost of $76.18 per share, for a total transaction of $500,502.60. The disclosure for this purchase can be found here. Insiders bought a total of 18,850 shares of company stock worth $1,461,348 over the last ninety days. Insiders own 10.40% of the company’s stock.
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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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