Brink's Company (BCO) Position Boosted by State Street Corp
State Street Corp increased its position in shares of Brink's Company (NYSE:BCO) by 5.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,067,502 shares of the company’s stock after buying an additional 52,454 shares during the period. State Street Corp’s holdings in Brink's Company were worth $44,037,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Fund Advisors boosted its position in shares of Brink's Company by 1.0% in the third quarter. BlackRock Fund Advisors now owns 3,158,071 shares of the company’s stock worth $117,101,000 after buying an additional 30,671 shares during the period. Highbridge Capital Management LLC boosted its position in shares of Brink's Company by 3,717.7% in the third quarter. Highbridge Capital Management LLC now owns 421,479 shares of the company’s stock worth $15,628,000 after buying an additional 410,439 shares during the period. Comerica Bank boosted its position in shares of Brink's Company by 1.0% in the fourth quarter. Comerica Bank now owns 283,170 shares of the company’s stock worth $12,176,000 after buying an additional 2,804 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Brink's Company by 32.1% in the third quarter. JPMorgan Chase & Co. now owns 219,804 shares of the company’s stock worth $8,150,000 after buying an additional 53,424 shares during the period. Finally, Two Sigma Advisers LP boosted its position in shares of Brink's Company by 62.3% in the third quarter. Two Sigma Advisers LP now owns 199,718 shares of the company’s stock worth $7,406,000 after buying an additional 76,700 shares during the period. 93.20% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Brink's Company (NYSE:BCO) opened at 52.40 on Tuesday. Brink's Company has a 12-month low of $26.86 and a 12-month high of $54.97. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 76.38 and a beta of 1.40. The stock’s 50 day moving average is $50.49 and its 200-day moving average is $42.40.
Brink's Company (NYSE:BCO) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.15. Brink's Company had a return on equity of 29.99% and a net margin of 1.14%. The firm earned $768 million during the quarter, compared to analyst estimates of $735.34 million. During the same period last year, the company posted $0.55 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts expect that Brink's Company will post $2.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Thursday, February 9th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. Brink's Company’s payout ratio is presently 58.82%.
Your IP Address:
A number of research analysts have recently issued reports on BCO shares. Gabelli cut Brink's Company from a “buy” rating to a “hold” rating in a research note on Monday, November 28th. Imperial Capital increased their target price on shares of Brink's Company to $52.00 and gave the stock an “in-line” rating in a report on Thursday, February 9th. Zacks Investment Research lowered shares of Brink's Company from a “buy” rating to a “sell” rating in a report on Tuesday, December 27th. TheStreet upgraded shares of Brink's Company from a “hold” rating to a “buy” rating in a report on Monday, November 28th. Finally, SunTrust Banks, Inc. started coverage on shares of Brink's Company in a report on Monday, February 27th. They set a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Brink's Company presently has an average rating of “Hold” and a consensus price target of $43.00.
In other news, insider Amit Zukerman sold 10,000 shares of Brink's Company stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $52.55, for a total transaction of $525,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Colan sold 966 shares of Brink's Company stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $52.40, for a total value of $50,618.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 55,000 shares of company stock valued at $2,861,769 and have sold 1,560,966 shares valued at $81,481,118. Company insiders own 11.29% of the company’s stock.
Brink's Company Company Profile
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company’s solutions include cash-in-transit, automated teller machine (ATM) replenishment and maintenance, international transportation of valuables, cash management and payment services, to financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world.
Want to see what other hedge funds are holding BCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brink's Company (NYSE:BCO).
Receive News & Ratings for Brink's Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's Company and related companies with Analyst Ratings Network's FREE daily email newsletter.