Retirement Systems of Alabama bought a new stake in shares of Brink’s Company (The) (NYSE:BCO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 65,135 shares of the business services provider’s stock, valued at approximately $5,488,000. Retirement Systems of Alabama owned approximately 0.13% of Brink’s Company (The) as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in BCO. Tower Research Capital LLC TRC raised its holdings in Brink’s Company (The) by 285.0% in the second 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 in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Brink’s Company (The) in the second quarter worth $114,000. Meeder Asset Management Inc. purchased a new stake in shares of Brink’s Company (The) in the third quarter worth $128,000. Seven Eight Capital LP purchased a new stake in shares of Brink’s Company (The) during the second quarter valued at $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Brink’s Company (The) by 93.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock valued at $155,000 after buying an additional 1,118 shares during the last quarter. Institutional investors own 90.02% of the company’s stock.
Brink’s Company (NYSE:BCO) opened at $80.15 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.21 and a quick ratio of 1.21. Brink’s Company has a 12 month low of $38.48 and a 12 month high of $87.30. The company has a market capitalization of $3,975.56, a PE ratio of 27.06 and a beta of 1.70.
Brink’s Company (The) (NYSE:BCO) last posted its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.75 by $0.08. Brink’s Company (The) had a return on equity of 35.15% and a net margin of 2.51%. The firm had revenue of $849.50 million for the quarter, compared to the consensus estimate of $841.57 million. During the same quarter last year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. research analysts expect that Brink’s Company will post 3.05 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, November 10th. Brink’s Company (The)’s dividend payout ratio (DPR) is currently 37.97%.
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Several equities research analysts recently commented on BCO shares. Zacks Investment Research raised Brink’s Company (The) from a “hold” rating to a “strong-buy” rating and set a $97.00 price objective on the stock in a research report on Tuesday, October 10th. Sidoti assumed coverage on Brink’s Company (The) in a research report on Friday, October 20th. They set a “buy” rating on the stock. ValuEngine raised Brink’s Company (The) from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. SunTrust Banks, Inc. reissued a “buy” rating and issued a $98.00 target price on shares of Brink’s Company (The) in a research report on Wednesday, October 18th. Finally, Imperial Capital raised Brink’s Company (The) from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $72.00 to $86.00 in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $93.67.
In other news, Director Peter A. Feld sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $75.72, for a total value of $5,679,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Douglas A. Pertz acquired 6,570 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was bought at an average cost of $76.18 per share, for a total transaction of $500,502.60. The disclosure for this purchase can be found here. In the last ninety days, 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 owned by company insiders.
Brink’s Company (The) 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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