Point View Wealth Management Inc. Decreases Position in Brink’s Company (The) (BCO)
Point View Wealth Management Inc. trimmed its position in shares of Brink’s Company (The) (NYSE:BCO) by 12.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,308 shares of the business services provider’s stock after selling 767 shares during the period. Point View Wealth Management Inc.’s holdings in Brink’s Company (The) were worth $448,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in Brink’s Company (The) by 285.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock worth $103,000 after purchasing an additional 1,140 shares during the period. Daiwa Securities Group Inc. purchased a new position in Brink’s Company (The) in the 2nd quarter worth approximately $114,000. Cypress Capital Management LLC WY purchased a new position in Brink’s Company (The) in the 3rd quarter worth approximately $122,000. Meeder Asset Management Inc. purchased a new position in Brink’s Company (The) in the 3rd quarter worth approximately $128,000. Finally, Seven Eight Capital LP purchased a new position in Brink’s Company (The) in the 2nd quarter worth approximately $154,000. 90.02% of the stock is currently owned by institutional investors.
In other news, CEO Douglas A. Pertz purchased 1,280 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were bought at an average cost of $78.00 per share, for a total transaction of $99,840.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter A. Feld sold 75,000 shares of Brink’s Company (The) stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $75.72, for a total value of $5,679,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders bought 15,150 shares of company stock worth $1,163,463 and sold 162,000 shares worth $12,410,010. 10.40% of the stock is currently owned by company insiders.
A number of equities analysts have commented on BCO shares. Zacks Investment Research cut Brink’s Company (The) from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 18th. ValuEngine upgraded Brink’s Company (The) from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $98.00 price objective on shares of Brink’s Company (The) in a research report on Wednesday, October 18th. Sidoti started coverage on Brink’s Company (The) in a research report on Friday, October 20th. They issued a “buy” rating on the stock. Finally, Imperial Capital upgraded Brink’s Company (The) from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $72.00 to $86.00 in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $93.67.
Shares of Brink’s Company (BCO) traded up $1.40 during mid-day trading on Tuesday, hitting $80.15. The stock had a trading volume of 334,100 shares, compared to its average volume of 428,275. The company has a market cap of $4,070.00, a price-to-earnings ratio of 27.06 and a beta of 1.70. Brink’s Company has a 12-month low of $38.48 and a 12-month high of $87.30. 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 (The) (NYSE:BCO) last issued its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.08. The firm had revenue of $849.50 million for the quarter, compared to analyst estimates of $841.57 million. Brink’s Company (The) had a return on equity of 35.15% and a net margin of 2.51%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $0.64 EPS. research analysts forecast that Brink’s Company will post 3.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be given a $0.15 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.75%. Brink’s Company (The)’s dividend payout ratio is currently 37.04%.
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.
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