Brink’s Company (The) (BCO) Shares Sold by Colony Group LLC
Colony Group LLC cut its stake in Brink’s Company (The) (NYSE:BCO) by 16.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,786 shares of the business services provider’s stock after selling 14,675 shares during the period. Colony Group LLC owned 0.15% of Brink’s worth $6,301,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Insight Capital Research & Management Inc. lifted its holdings in shares of Brink’s by 40.7% during the third quarter. Insight Capital Research & Management Inc. now owns 46,811 shares of the business services provider’s stock valued at $3,944,000 after purchasing an additional 13,538 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Brink’s during the third quarter valued at approximately $17,917,000. California Public Employees Retirement System lifted its holdings in shares of Brink’s by 0.5% during the third quarter. California Public Employees Retirement System now owns 141,209 shares of the business services provider’s stock valued at $11,897,000 after purchasing an additional 652 shares during the last quarter. Cambria Investment Management L.P. purchased a new position in shares of Brink’s during the third quarter valued at approximately $277,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Brink’s by 3,092.7% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,814 shares of the business services provider’s stock valued at $1,248,000 after purchasing an additional 14,350 shares during the last quarter. Institutional investors and hedge funds own 90.56% of the company’s stock.
Shares of Brink’s Company (NYSE BCO) opened at $80.45 on Tuesday. The firm has a market cap of $4,061.39, a P/E ratio of 27.65 and a beta of 1.71. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.20. Brink’s Company has a 1 year low of $40.85 and a 1 year high of $87.30.
Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.08. The company had revenue of $849.50 million during the quarter, compared to the consensus estimate of $841.57 million. Brink’s had a net margin of 2.51% and a return on equity of 35.15%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. research analysts forecast that Brink’s Company will post 3.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, November 10th. Brink’s’s dividend payout ratio (DPR) is currently 37.97%.
In related news, CEO Douglas A. Pertz bought 1,280 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was acquired at an average price of $78.00 per share, with a total value of $99,840.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Ronald James Domanico bought 3,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was bought at an average cost of $76.85 per share, with a total value of $230,550.00. The disclosure for this purchase can be found here. Insiders have purchased 15,150 shares of company stock valued at $1,163,463 in the last three months. 10.40% of the stock is owned by insiders.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Brink’s from a “strong-buy” rating to a “hold” rating in a report on Monday, September 18th. ValuEngine lowered shares of Brink’s from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Sidoti assumed coverage on shares of Brink’s in a report on Friday, October 20th. They set a “buy” rating for the company. Finally, SunTrust Banks reiterated a “buy” rating and set a $98.00 target price on shares of Brink’s in a report on Wednesday, October 18th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $93.67.
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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