Brink’s Company (The) (BCO) Stake Lowered by Russell Investments Group Ltd.
Russell Investments Group Ltd. trimmed its holdings in shares of Brink’s Company (The) (NYSE:BCO) by 25.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,958 shares of the business services provider’s stock after selling 48,520 shares during the period. Russell Investments Group Ltd. owned about 0.28% of Brink’s worth $11,959,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in Brink’s by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 636,014 shares of the business services provider’s stock worth $53,584,000 after acquiring an additional 18,328 shares during the last quarter. Rhumbline Advisers increased its holdings in Brink’s by 7.9% in the 3rd quarter. Rhumbline Advisers now owns 108,965 shares of the business services provider’s stock worth $9,180,000 after acquiring an additional 8,011 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in Brink’s by 10.9% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 119,340 shares of the business services provider’s stock worth $10,054,000 after acquiring an additional 11,710 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Brink’s by 42.4% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 15,270 shares of the business services provider’s stock worth $1,286,000 after acquiring an additional 4,550 shares during the last quarter. Finally, Retirement Systems of Alabama purchased a new stake in Brink’s in the 3rd quarter worth about $5,488,000. Institutional investors own 90.53% of the company’s stock.
BCO has been the subject of several recent research reports. SunTrust Banks reissued a “buy” rating and issued a $98.00 price objective on shares of Brink’s in a report on Wednesday, October 18th. ValuEngine raised Brink’s from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Sidoti started coverage on Brink’s in a report on Friday, October 20th. They set a “buy” rating for the company. Zacks Investment Research raised Brink’s from a “hold” rating to a “strong-buy” rating and set a $97.00 target price for the company in a report on Tuesday, October 10th. Finally, Imperial Capital raised Brink’s from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $72.00 to $86.00 in a report on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $93.67.
Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.08. The business had revenue of $849.50 million during the quarter, compared to analyst estimates of $841.57 million. Brink’s had a return on equity of 35.15% and a net margin of 2.51%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS. equities research analysts expect that Brink’s Company will post 3.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Friday, November 10th. Brink’s’s payout ratio is presently 37.97%.
In other Brink’s news, Director Peter A. Feld sold 27,000 shares of Brink’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $80.83, for a total transaction of $2,182,410.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas A. Pertz purchased 6,570 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were acquired at an average price of $76.18 per share, with a total value of $500,502.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 15,150 shares of company stock valued at $1,163,463 in the last ninety days. Insiders own 10.40% of the company’s stock.
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 & Stock 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 stocks with our FREE daily email newsletter.