Barclays PLC trimmed its holdings in Brink’s (NYSE:BCO) by 48.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 35,176 shares of the business services provider’s stock after selling 32,654 shares during the period. Barclays PLC’s holdings in Brink’s were worth $2,918,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Brink’s by 1.2% in the second quarter. BlackRock Inc. now owns 5,680,161 shares of the business services provider’s stock valued at $461,116,000 after acquiring an additional 68,734 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Brink’s by 307.1% in the second quarter. William Blair Investment Management LLC now owns 1,668,921 shares of the business services provider’s stock valued at $135,483,000 after acquiring an additional 1,259,015 shares in the last quarter. Invesco Ltd. lifted its position in shares of Brink’s by 3.9% in the second quarter. Invesco Ltd. now owns 1,063,302 shares of the business services provider’s stock worth $86,318,000 after buying an additional 39,954 shares in the last quarter. Waddell & Reed Financial Inc. lifted its position in shares of Brink’s by 11.2% in the second quarter. Waddell & Reed Financial Inc. now owns 1,041,930 shares of the business services provider’s stock worth $84,584,000 after buying an additional 104,677 shares in the last quarter. Finally, Iridian Asset Management LLC CT purchased a new stake in shares of Brink’s in the second quarter worth about $78,269,000.
BCO opened at $91.64 on Tuesday. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 24.93 and a beta of 1.54. The stock’s 50 day moving average price is $88.60 and its 200-day moving average price is $83.76. Brink’s has a one year low of $59.08 and a one year high of $94.61. The company has a debt-to-equity ratio of 8.97, a quick ratio of 1.40 and a current ratio of 1.40.
Brink’s (NYSE:BCO) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. The firm had revenue of $925.00 million for the quarter, compared to analysts’ expectations of $931.08 million. Brink’s had a return on equity of 102.81% and a net margin of 1.83%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 earnings per share. As a group, analysts predict that Brink’s will post 3.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 0.65%. Brink’s’s dividend payout ratio is currently 17.34%.
A number of equities research analysts recently commented on the company. Buckingham Research decreased their target price on Brink’s from $115.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Goldman Sachs Group began coverage on Brink’s in a research report on Wednesday, November 27th. They set a “buy” rating and a $108.00 price objective on the stock. Zacks Investment Research raised Brink’s from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, ValuEngine cut Brink’s from a “hold” rating to a “sell” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $106.00.
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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