Lazard Asset Management LLC trimmed its holdings in Brink’s (NYSE:BCO) by 0.5% in the first quarter, Holdings Channel reports. The fund owned 501,785 shares of the business services provider’s stock after selling 2,555 shares during the period. Lazard Asset Management LLC’s holdings in Brink’s were worth $37,839,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BCO. Northern Trust Corp increased its position in Brink’s by 0.8% during the 1st quarter. Northern Trust Corp now owns 815,501 shares of the business services provider’s stock valued at $61,497,000 after purchasing an additional 6,241 shares during the period. WCM Investment Management LLC purchased a new position in Brink’s during the 1st quarter valued at $1,389,000. Dynamic Technology Lab Private Ltd purchased a new position in Brink’s during the 1st quarter valued at $240,000. State of Wisconsin Investment Board purchased a new position in Brink’s during the 1st quarter valued at $7,926,000. Finally, William Blair Investment Management LLC increased its position in Brink’s by 10.3% during the 1st quarter. William Blair Investment Management LLC now owns 409,906 shares of the business services provider’s stock valued at $30,911,000 after purchasing an additional 38,368 shares during the period. Hedge funds and other institutional investors own 98.36% of the company’s stock.

In other news, EVP Amit Zukerman sold 5,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas Colan sold 6,374 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $83.51, for a total transaction of $532,292.74. The disclosure for this sale can be found here. Insiders sold a total of 33,320 shares of company stock worth $2,686,656 over the last ninety days. Insiders own 1.05% of the company’s stock.

Separately, Zacks Investment Research raised shares of Brink’s from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $90.00.

Shares of NYSE:BCO traded up $0.71 during midday trading on Wednesday, reaching $82.02. The company’s stock had a trading volume of 4,224 shares, compared to its average volume of 350,267. The company has a market capitalization of $4.02 billion, a PE ratio of 23.51, a P/E/G ratio of 1.32 and a beta of 1.50. The company has a debt-to-equity ratio of 8.90, a current ratio of 1.37 and a quick ratio of 1.37. Brink’s has a 12-month low of $59.08 and a 12-month high of $86.34.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, April 24th. The business services provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.07. The firm had revenue of $905.00 million for the quarter, compared to the consensus estimate of $914.08 million. Brink’s had a negative net margin of 1.19% and a positive return on equity of 86.38%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 EPS. Equities analysts anticipate that Brink’s will post 4.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Thursday, May 16th. Brink’s’s dividend payout ratio is presently 17.34%.

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Brink’s Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.

See Also: Cost of Debt

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

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