Prudential Financial Inc. boosted its stake in Brink’s (NYSE:BCO) by 5.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,163 shares of the business services provider’s stock after buying an additional 2,120 shares during the quarter. Prudential Financial Inc.’s holdings in Brink’s were worth $3,179,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the business. Allianz Asset Management GmbH lifted its position in Brink’s by 125.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 110,962 shares of the business services provider’s stock worth $9,008,000 after buying an additional 61,669 shares in the last quarter. Sciencast Management LP lifted its position in Brink’s by 8.3% in the 2nd quarter. Sciencast Management LP now owns 3,900 shares of the business services provider’s stock worth $341,000 after buying an additional 300 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Brink’s by 2.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 61,995 shares of the business services provider’s stock worth $5,002,000 after buying an additional 1,533 shares in the last quarter. Eos Focused Equity Management L.P. lifted its position in Brink’s by 10.4% in the 2nd quarter. Eos Focused Equity Management L.P. now owns 99,726 shares of the business services provider’s stock worth $8,096,000 after buying an additional 9,398 shares in the last quarter. Finally, Price Capital Management Inc. purchased a new stake in Brink’s in the 2nd quarter worth approximately $261,000.
A number of equities research analysts have issued reports on BCO shares. Imperial Capital increased their target price on shares of Brink’s from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. They noted that the move was a valuation call. Buckingham Research dropped their price target on shares of Brink’s from $115.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Zacks Investment Research lowered shares of Brink’s from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. Finally, ValuEngine lowered shares of Brink’s from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Brink’s has a consensus rating of “Hold” and an average price target of $100.00.
Shares of BCO traded down $0.04 during mid-day trading on Monday, hitting $84.12. 54,189 shares of the company’s stock were exchanged, compared to its average volume of 460,398. The firm has a fifty day moving average of $81.96 and a two-hundred day moving average of $80.46. Brink’s has a twelve month low of $59.08 and a twelve month high of $93.81. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 1.39 and a beta of 1.52. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 7.91.
Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.01. Brink’s had a net margin of 2.20% and a return on equity of 92.10%. The company had revenue of $914.00 million for the quarter, compared to analyst estimates of $898.98 million. During the same quarter in the prior year, the business posted $0.74 EPS. Brink’s’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that Brink’s will post 4.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, July 29th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $0.60 annualized dividend and a dividend yield of 0.71%. Brink’s’s dividend payout ratio (DPR) is 17.34%.
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. 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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