Parametric Portfolio Associates LLC lowered its stake in shares of Brink’s Company (The) (NYSE:BCO) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,413 shares of the business services provider’s stock after selling 8,360 shares during the period. Parametric Portfolio Associates LLC’s holdings in Brink’s Company (The) were worth $6,062,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BCO. Wells Fargo & Company MN raised its position in shares of Brink’s Company (The) by 2,351.9% in the first quarter. Wells Fargo & Company MN now owns 1,217,418 shares of the business services provider’s stock valued at $65,071,000 after buying an additional 1,167,765 shares during the last quarter. State Street Corp raised its position in shares of Brink’s Company (The) by 5.2% in the fourth quarter. State Street Corp now owns 1,067,502 shares of the business services provider’s stock valued at $44,037,000 after buying an additional 52,454 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Brink’s Company (The) by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 632,066 shares of the business services provider’s stock valued at $33,785,000 after buying an additional 28,648 shares during the last quarter. Norges Bank acquired a new position in shares of Brink’s Company (The) during the fourth quarter valued at $19,681,000. Finally, Columbus Circle Investors acquired a new position in shares of Brink’s Company (The) during the first quarter valued at $24,173,000. 87.88% of the stock is currently owned by hedge funds and other institutional investors.

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

Brink’s Company (NYSE:BCO) opened at 65.95 on Friday. Brink’s Company has a 12 month low of $26.86 and a 12 month high of $67.40. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 46.67 and a beta of 1.65. The company’s 50-day moving average is $62.75 and its 200 day moving average is $52.01.

Brink’s Company (The) (NYSE:BCO) last released its quarterly earnings results on Wednesday, April 26th. The business services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.18. Brink’s Company (The) had a return on equity of 32.57% and a net margin of 2.34%. The firm had revenue of $788.40 million during the quarter, compared to the consensus estimate of $696.06 million. During the same quarter in the prior year, the firm posted $0.31 EPS. The business’s revenue was up 9.2% on a year-over-year basis. Equities analysts forecast that Brink’s Company will post $2.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Thursday, May 18th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.91%. This is an increase from Brink’s Company (The)’s previous quarterly dividend of $0.10. Brink’s Company (The)’s dividend payout ratio is 42.55%.

COPYRIGHT VIOLATION NOTICE: “Parametric Portfolio Associates LLC Has $6.06 Million Position in Brink’s Company (The) (BCO)” was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/parametric-portfolio-associates-llc-has-6-06-million-position-in-brinks-company-the-bco/1371758.html.

BCO has been the topic of several recent research reports. Zacks Investment Research raised shares of Brink’s Company (The) from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Tuesday, May 2nd. Imperial Capital raised their price objective on shares of Brink’s Company (The) from $52.00 to $65.00 and gave the company an “in-line” rating in a research report on Thursday, May 25th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Brink’s Company (The) in a research report on Monday, February 27th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Brink’s Company (The) has a consensus rating of “Buy” and a consensus target price of $57.00.

In other Brink’s Company (The) news, insider Thomas Colan sold 935 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $62.30, for a total transaction of $58,250.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter A. Feld sold 475,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $65.17, for a total value of $30,955,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,614,888 shares of company stock valued at $101,011,489. Insiders own 10.40% of the company’s stock.

Brink’s Company (The) 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.

Want to see what other hedge funds are holding BCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brink’s Company (The) (NYSE:BCO).

Receive News & Ratings for Brink's Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.