Foundry Partners LLC Has $8,271,000 Position in Brink’s Co. (BCO)
Foundry Partners LLC raised its stake in shares of Brink’s Co. (NYSE:BCO) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 223,057 shares of the company’s stock after buying an additional 6,921 shares during the period. Foundry Partners LLC owned about 0.45% of Brink’s worth $8,271,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Macquarie Group Ltd. raised its position in shares of Brink’s by 1.2% in the second quarter. Macquarie Group Ltd. now owns 86,124 shares of the company’s stock valued at $2,454,000 after buying an additional 1,000 shares during the period. Mason Street Advisors LLC acquired a new position in shares of Brink’s during the second quarter valued at about $275,000. Public Employees Retirement System of Ohio raised its position in shares of Brink’s by 3.2% in the second quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the company’s stock valued at $178,000 after buying an additional 193 shares during the period. Sterling Capital Management LLC acquired a new position in shares of Brink’s during the second quarter valued at about $424,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Brink’s by 40.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 558,531 shares of the company’s stock valued at $15,913,000 after buying an additional 160,215 shares during the period. 89.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Brink’s Co. (NYSE:BCO) opened at 42.50 on Friday. The company has a 50-day moving average price of $38.13 and a 200-day moving average price of $33.63. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 119.38 and a beta of 1.43. Brink’s Co. has a 52-week low of $25.87 and a 52-week high of $43.10.
Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. The firm had revenue of $756 million for the quarter, compared to analyst estimates of $737.31 million. Brink’s had a return on equity of 26.02% and a net margin of 0.61%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.37 EPS. On average, equities analysts anticipate that Brink’s Co. will post $2.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.94%. Brink’s’s dividend payout ratio is currently 111.11%.
A number of equities analysts have recently weighed in on BCO shares. Zacks Investment Research raised Brink’s from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Monday, October 31st. Macquarie upped their target price on Brink’s from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, September 16th. Finally, Imperial Capital raised Brink’s from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $31.50 to $38.00 in a research report on Wednesday, August 3rd.
In other news, insider Thomas Colan sold 935 shares of Brink’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $37.70, for a total value of $35,249.50. The sale was disclosed in a document filed with the SEC, which is available through this link. 11.29% of the stock is owned by insiders.
Brink’s Company Profile
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company’s solutions include cash-in-transit, automated teller machine (ATM) replenishment and maintenance, international transportation of valuables, cash management and payment services, to financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world.
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