WINTON GROUP Ltd lessened its stake in shares of Brink’s (NYSE:BCO) by 40.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,784 shares of the business services provider’s stock after selling 9,508 shares during the quarter. WINTON GROUP Ltd’s holdings in Brink’s were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of BCO. Parallel Advisors LLC increased its position in Brink’s by 498.0% during the 2nd quarter. Parallel Advisors LLC now owns 1,477 shares of the business services provider’s stock worth $117,000 after purchasing an additional 1,230 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in Brink’s during the 1st quarter worth about $132,000. Bronfman E.L. Rothschild L.P. increased its position in Brink’s by 52.7% during 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. Fortaleza Asset Management Inc. purchased a new stake in Brink’s during the 2nd quarter worth about $192,000. Finally, World Asset Management Inc purchased a new stake in Brink’s during the 2nd quarter worth about $200,000. Hedge funds and other institutional investors own 98.32% of the company’s stock.
BCO opened at $70.20 on Thursday. The company has a debt-to-equity ratio of 4.63, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.73. Brink’s has a 12 month low of $67.57 and a 12 month high of $88.10.
Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, July 25th. The business services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The company had revenue of $850.00 million during the quarter, compared to analysts’ expectations of $795.75 million. Brink’s had a positive return on equity of 46.24% and a negative net margin of 3.39%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. sell-side analysts forecast that Brink’s will post 3.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Friday, July 27th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, July 26th. Brink’s’s dividend payout ratio (DPR) is 19.80%.
A number of research firms recently commented on BCO. TheStreet upgraded Brink’s from a “c+” rating to a “b-” rating in a research report on Tuesday, June 12th. Zacks Investment Research upgraded Brink’s from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. ValuEngine upgraded Brink’s from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Buckingham Research lifted their price objective on Brink’s from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, May 31st. Finally, Berenberg Bank began coverage on Brink’s in a research report on Wednesday, September 12th. They set a “buy” rating and a $90.00 price objective for the company. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $95.67.
In other Brink’s news, insider Amit Zukerman sold 5,000 shares of Brink’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $79.41, for a total value of $397,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ronald James Domanico purchased 2,000 shares of the stock in a transaction on Friday, September 7th. The stock was acquired at an average price of $69.45 per share, with a total value of $138,900.00. The disclosure for this purchase can be found here. 2.48% of the stock is owned by insiders.
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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