Thrivent Financial For Lutherans raised its holdings in shares of Brink’s Company (The) (NYSE:BCO) by 2,932.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 773,525 shares of the business services provider’s stock after purchasing an additional 748,015 shares during the quarter. Thrivent Financial For Lutherans owned 1.53% of Brink’s Company (The) worth $51,827,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. bought a new stake in shares of Brink’s Company (The) during the second quarter worth $114,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Brink’s Company (The) during the first quarter worth $153,000. Seven Eight Capital LP bought a new stake in shares of Brink’s Company (The) during the second quarter worth $154,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Brink’s Company (The) by 93.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock worth $155,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Group One Trading L.P. bought a new stake in shares of Brink’s Company (The) during the first quarter worth $160,000. Institutional investors and hedge funds own 89.74% of the company’s stock.
In other Brink’s Company (The) news, Director Peter A. Feld sold 86,151 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $78.18, for a total value of $6,735,285.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Peter A. Feld sold 27,000 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $80.83, for a total value of $2,182,410.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 501,415 shares of company stock worth $38,681,954. 10.40% of the stock is owned by corporate insiders.
Brink’s Company (NYSE:BCO) traded up 0.56% during mid-day trading on Friday, hitting $81.00. The company had a trading volume of 7,362,935 shares. The company has a 50-day moving average price of $77.59 and a 200 day moving average price of $65.19. The company has a market capitalization of $4.09 billion, a P/E ratio of 48.21 and a beta of 1.73. Brink’s Company has a 52-week low of $35.25 and a 52-week high of $84.00.
Brink’s Company (The) (NYSE:BCO) last posted its earnings results on Wednesday, July 26th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.18. Brink’s Company (The) had a return on equity of 34.49% and a net margin of 2.73%. The firm had revenue of $806.00 million for the quarter, compared to analyst estimates of $730.87 million. During the same quarter in the prior year, the company earned $0.38 EPS. Brink’s Company (The)’s revenue was up 9.0% on a year-over-year basis. On average, analysts forecast that Brink’s Company will post $3.02 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, July 27th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, July 25th. Brink’s Company (The)’s payout ratio is 35.71%.
Several analysts have recently weighed in on BCO shares. Imperial Capital lifted their target price on Brink’s Company (The) from $52.00 to $65.00 and gave the stock an “in-line” rating in a research report on Thursday, May 25th. ValuEngine upgraded Brink’s Company (The) from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Brink’s Company (The) currently has an average rating of “Buy” and a consensus price target of $77.00.
About Brink’s Company (The)
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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