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.
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.
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.
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