Swiss National Bank Has $2,114,000 Stake in Brink’s Co. (BCO)
Swiss National Bank decreased its stake in Brink’s Co. (NYSE:BCO) by 3.9% during the second quarter, Holdings Channel reports. The firm owned 74,200 shares of the company’s stock after selling 3,000 shares during the period. Swiss National Bank owned about 0.15% of Brink’s worth $2,114,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of BCO. Norges Bank purchased a new stake in shares of Brink’s during the fourth quarter worth about $10,656,000. Malaga Cove Capital LLC boosted its stake in shares of Brink’s by 10.5% in the first quarter. Malaga Cove Capital LLC now owns 62,565 shares of the company’s stock worth $2,102,000 after buying an additional 5,936 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Brink’s by 23.2% in the first quarter. Aperio Group LLC now owns 12,408 shares of the company’s stock worth $417,000 after buying an additional 2,339 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Brink’s by 13.2% in the first quarter. TIAA CREF Investment Management LLC now owns 178,446 shares of the company’s stock worth $5,994,000 after buying an additional 20,852 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Brink’s by 82.9% in the first quarter. Prudential Financial Inc. now owns 303,820 shares of the company’s stock worth $10,206,000 after buying an additional 137,700 shares during the last quarter. 93.07% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Brink’s Co. (NYSE:BCO) traded up 3.35% on Monday, reaching $36.11. 722,854 shares of the company were exchanged. Brink’s Co. has a 12-month low of $25.80 and a 12-month high of $37.85. The company’s 50 day moving average is $35.86 and its 200 day moving average is $31.98. The firm has a market capitalization of $1.79 billion, a PE ratio of 1900.53 and a beta of 1.52.
Brink’s (NYSE:BCO) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The business earned $739.50 million during the quarter, compared to analysts’ expectations of $699.03 million. Brink’s had a net margin of 0.04% and a return on equity of 22.23%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the company posted $0.27 earnings per share. Analysts forecast that Brink’s Co. will post $2.00 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Tuesday, July 26th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Friday, July 22nd. Brink’s’s payout ratio is 1,333.33%.
A number of equities research analysts have recently issued reports on the stock. Macquarie upped their target price on shares of Brink’s from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Friday. Imperial Capital raised shares of Brink’s from an “in-line” rating to an “outperform” rating and upped their target price for the company from $31.50 to $38.00 in a report on Wednesday, August 3rd. Finally, Zacks Investment Research raised shares of Brink’s from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th.
In other news, insider Thomas Colan sold 935 shares of Brink’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $37.70, for a total transaction of $35,249.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Amit Zukerman sold 10,518 shares of Brink’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $36.69, for a total transaction of $385,905.42. The disclosure for this sale can be found here. 11.29% of the stock is currently owned by company insiders.
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.
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