Brink’s Company (The) (BCO) Stake Boosted by Teachers Advisors LLC
Teachers Advisors LLC lifted its stake in shares of Brink’s Company (The) (NYSE:BCO) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 107,287 shares of the business services provider’s stock after purchasing an additional 1,328 shares during the quarter. Teachers Advisors LLC owned about 0.21% of Brink’s Company (The) worth $7,188,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. acquired a new position in shares of Brink’s Company (The) during the 2nd quarter worth $114,000. Seven Eight Capital LP acquired a new position in shares of Brink’s Company (The) during the 2nd quarter worth $154,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Brink’s Company (The) by 93.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock worth $155,000 after purchasing an additional 1,118 shares during the period. Riverhead Capital Management LLC grew its stake in shares of Brink’s Company (The) by 51.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,429 shares of the business services provider’s stock worth $163,000 after purchasing an additional 829 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Brink’s Company (The) during the 1st quarter worth $153,000. 89.85% of the stock is currently owned by institutional investors and hedge funds.
Shares of Brink’s Company (BCO) opened at 84.00 on Friday. The firm has a market capitalization of $4.24 billion, a PE ratio of 50.00 and a beta of 1.70. The company has a 50-day moving average of $80.04 and a 200-day moving average of $68.36. Brink’s Company has a 52 week low of $36.24 and a 52 week high of $84.80.
Brink’s Company (The) (NYSE:BCO) last released its earnings results on Wednesday, July 26th. The business services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.18. The firm had revenue of $806.00 million for the quarter, compared to analyst estimates of $730.87 million. Brink’s Company (The) had a return on equity of 34.49% and a net margin of 2.73%. Brink’s Company (The)’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. On average, equities analysts forecast that Brink’s Company will post $3.02 earnings per share for the current fiscal year.
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A number of equities analysts have recently weighed in on the stock. ValuEngine cut shares of Brink’s Company (The) from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Imperial Capital raised shares of Brink’s Company (The) from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $72.00 to $86.00 in a research note on Wednesday, August 9th. Finally, Zacks Investment Research cut shares of Brink’s Company (The) from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 18th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $86.00.
In related news, Director Peter A. Feld sold 60,000 shares of Brink’s Company (The) stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $75.81, for a total transaction of $4,548,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter A. Feld sold 27,000 shares of Brink’s Company (The) stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $80.83, for a total value of $2,182,410.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 501,415 shares of company stock worth $38,681,954. 10.40% of the stock is owned by corporate insiders.
Brink’s Company (The) 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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