Marshall Wace LLP Takes Position in Brink’s (BCO)

Marshall Wace LLP bought a new position in Brink’s (NYSE:BCO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 299,193 shares of the business services provider’s stock, valued at approximately $20,869,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Brink’s by 52.7% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,343 shares of the business services provider’s stock worth $187,000 after purchasing an additional 809 shares in the last quarter. Point72 Hong Kong Ltd raised its holdings in shares of Brink’s by 1,263.6% during the second quarter. Point72 Hong Kong Ltd now owns 2,700 shares of the business services provider’s stock valued at $215,000 after acquiring an additional 2,502 shares during the period. Waratah Capital Advisors Ltd. acquired a new stake in shares of Brink’s during the third quarter valued at approximately $224,000. Franklin Resources Inc. acquired a new stake in shares of Brink’s during the third quarter valued at approximately $246,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Brink’s during the third quarter valued at approximately $283,000.

Shares of BCO opened at $62.05 on Friday. Brink’s has a 52 week low of $61.47 and a 52 week high of $88.10. The company has a market cap of $3.22 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.24 and a beta of 1.59. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 5.89.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, October 24th. The business services provider reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.11. Brink’s had a negative net margin of 3.46% and a positive return on equity of 56.86%. The firm had revenue of $852.00 million for the quarter, compared to the consensus estimate of $843.96 million. During the same period in the previous year, the firm posted $0.83 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. On average, equities research analysts predict that Brink’s will post 3.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Friday, November 9th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Thursday, November 8th. Brink’s’s dividend payout ratio is 19.80%.

BCO has been the topic of a number of recent analyst reports. SunTrust Banks cut their price target on shares of Brink’s to $90.00 and set a “buy” rating on the stock in a report on Monday, October 15th. Berenberg Bank initiated coverage on shares of Brink’s in a report on Wednesday, September 12th. They set a “buy” rating and a $90.00 price target on the stock. Zacks Investment Research upgraded shares of Brink’s from a “sell” rating to a “hold” rating in a report on Thursday, September 20th. Finally, ValuEngine upgraded shares of Brink’s from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Brink’s has a consensus rating of “Buy” and an average target price of $94.33.

WARNING: “Marshall Wace LLP Takes Position in Brink’s (BCO)” was reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.com-unik.info/2018/12/08/marshall-wace-llp-takes-position-in-brinks-bco.html.

Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. 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.

See Also: 52-Week High/Low

Want to see what other hedge funds are holding BCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brink’s (NYSE:BCO).

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit