GSA Capital Partners LLP boosted its stake in Brink’s Company (The) (NYSE:BCO) by 6.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 18,698 shares of the business services provider’s stock after acquiring an additional 1,074 shares during the quarter. GSA Capital Partners LLP’s holdings in Brink’s were worth $1,575,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its stake in Brink’s by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 23,608 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 100 shares during the period. Ameritas Investment Partners Inc. grew its stake in Brink’s by 3.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,027 shares of the business services provider’s stock valued at $270,000 after acquiring an additional 136 shares during the period. Amalgamated Bank grew its stake in Brink’s by 6.3% in the 2nd quarter. Amalgamated Bank now owns 6,335 shares of the business services provider’s stock valued at $424,000 after acquiring an additional 378 shares during the period. The Manufacturers Life Insurance Company grew its stake in Brink’s by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,406 shares of the business services provider’s stock valued at $2,372,000 after acquiring an additional 635 shares during the period. Finally, California Public Employees Retirement System grew its stake in Brink’s by 0.5% in the 3rd quarter. California Public Employees Retirement System now owns 141,209 shares of the business services provider’s stock valued at $11,897,000 after acquiring an additional 652 shares during the period. 90.55% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Ronald James Domanico purchased 3,000 shares of Brink’s stock in a transaction dated Thursday, October 26th. The shares were acquired at an average price of $77.49 per share, for a total transaction of $232,470.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas A. Pertz purchased 1,280 shares of Brink’s stock in a transaction dated Thursday, October 26th. The shares were bought at an average price of $78.00 per share, for a total transaction of $99,840.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 18,850 shares of company stock worth $1,461,348. 10.40% of the stock is currently owned by corporate insiders.

Shares of Brink’s Company (BCO) opened at $79.20 on Tuesday. Brink’s Company has a one year low of $40.95 and a one year high of $87.30. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.20. The stock has a market cap of $4,033.62, a price-to-earnings ratio of 27.46 and a beta of 1.71.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.08. Brink’s had a net margin of 2.51% and a return on equity of 35.15%. The company had revenue of $849.50 million for the quarter, compared to analysts’ expectations of $841.57 million. During the same quarter in the previous year, the company posted $0.64 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. sell-side analysts forecast that Brink’s Company will post 3.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 13th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 10th. This represents a $0.60 annualized dividend and a yield of 0.76%. Brink’s’s dividend payout ratio (DPR) is presently 37.97%.

Several equities research analysts have issued reports on BCO shares. ValuEngine raised shares of Brink’s from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Brink’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 18th. SunTrust Banks reaffirmed a “buy” rating and set a $98.00 target price on shares of Brink’s in a research note on Wednesday, October 18th. Finally, Sidoti started coverage on shares of Brink’s in a research note on Friday, October 20th. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Brink’s currently has a consensus rating of “Buy” and an average price target of $93.75.

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Brink’s Company Profile

The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.

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Institutional Ownership by Quarter for Brink`s (NYSE:BCO)

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