Brink’s Company (The) $BCO Stock: King Luther Capital Management Corp Grows Stake

King Luther Capital Management Corp increased its stake in shares of Brink’s Company (The) (NYSE:BCO) by 10.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 102,402 shares of the business services provider’s stock after acquiring an additional 9,871 shares during the period. King Luther Capital Management Corp owned 0.25% of Brink’s worth $10,342,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BCO. First Trust Advisors LP grew its holdings in Brink’s by 5.3% during the first quarter. First Trust Advisors LP now owns 862,692 shares of the business services provider’s stock valued at $89,401,000 after purchasing an additional 43,311 shares during the last quarter. Engine Capital Management LP lifted its stake in shares of Brink’s by 1,237.6% in the first quarter. Engine Capital Management LP now owns 549,417 shares of the business services provider’s stock worth $56,936,000 after buying an additional 508,343 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Brink’s in the second quarter worth $31,028,000. Janus Henderson Group PLC boosted its holdings in shares of Brink’s by 353.8% during the 1st quarter. Janus Henderson Group PLC now owns 175,369 shares of the business services provider’s stock worth $18,174,000 after buying an additional 136,725 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Brink’s by 39.0% during the 1st quarter. Principal Financial Group Inc. now owns 126,050 shares of the business services provider’s stock worth $13,063,000 after buying an additional 35,358 shares during the period. 94.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on BCO. Wall Street Zen downgraded shares of Brink’s from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Weiss Ratings lowered shares of Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, Zacks Research cut shares of Brink’s from a “hold” rating to a “strong sell” rating in a report on Thursday, November 5th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $154.00.

Brink’s Stock Performance

Shares of NYSE BCO opened at $116.94 on Friday. Brink’s Company has a 12 month low of $91.05 and a 12 month high of $136.37. The company has a market cap of $4.82 billion, a P/E ratio of 13.08 and a beta of 0.95. The business’s 50 day moving average is $106.90 and its two-hundred day moving average is $110.04. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 9.89.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, November 4th. The business services provider reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.25. Brink’s had a return on equity of 91.46% and a net margin of 2.88%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the business earned $2.08 earnings per share. Brink’s’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts expect that Brink’s Company will post 8.99 EPS for the current year.

Brink’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 2nd will be given a dividend of $0.2550 per share. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, November 2nd. Brink’s’s payout ratio is 26.77%.

Brink’s Company Profile

Brink’s is a global provider of secure transportation and cash-management services. Its offerings include armored transportation of cash and valuables, cash processing, ATM management and replenishment, and related services for financial institutions, retailers, businesses and government customers. The company also provides international secure logistics for high-value goods, including services for businesses that need to move valuables across borders. Its operations span numerous countries and regions, serving customers through local teams and facilities.