Brink's (BCO) Stake Lessened by Alps Advisors Inc.

Alps Advisors Inc. lowered its stake in shares of Brink's (NYSE:BCO) by 66.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,530 shares of the business services provider’s stock after selling 6,963 shares during the period. Alps Advisors Inc.’s holdings in Brink's were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Pictet Asset Management Ltd. increased its position in Brink's by 231.0% in the third quarter. Pictet Asset Management Ltd. now owns 609,000 shares of the business services provider’s stock worth $51,308,000 after purchasing an additional 425,000 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in Brink's in the third quarter worth $31,028,000. DSAM Partners London Ltd bought a new stake in Brink's in the third quarter worth $24,800,000. Neuberger Berman Group LLC bought a new stake in Brink's in the third quarter worth $17,917,000. Finally, FMR LLC increased its position in Brink's by 40.5% in the second quarter. FMR LLC now owns 653,613 shares of the business services provider’s stock worth $43,792,000 after purchasing an additional 188,323 shares during the last quarter. Hedge funds and other institutional investors own 88.13% of the company’s stock.

Several equities research analysts recently weighed in on BCO shares. SunTrust Banks restated a “buy” rating and issued a $98.00 price target on shares of Brink's in a research report on Wednesday, October 18th. Sidoti initiated coverage on shares of Brink's in a research note on Friday, October 20th. They set a “buy” rating for the company. ValuEngine lowered shares of Brink's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research lowered shares of Brink's from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $100.00 price objective (up from $86.00) on shares of Brink's in a research note on Thursday, January 18th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $93.50.

In other news, Director George I. Stoeckert acquired 1,000 shares of the company’s stock in a transaction on Friday, December 8th. The stock was bought at an average cost of $80.40 per share, with a total value of $80,400.00. Following the completion of the purchase, the director now directly owns 12,014 shares of the company’s stock, valued at $965,925.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ronald James Domanico acquired 3,500 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $72.18 per share, with a total value of $252,630.00. The disclosure for this purchase can be found here. Insiders have acquired 19,200 shares of company stock valued at $1,431,355 over the last ninety days. 10.40% of the stock is owned by insiders.

Brink's (NYSE:BCO) opened at $74.45 on Thursday. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.21 and a current ratio of 1.89. The company has a market cap of $3,670.14, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 0.94 and a beta of 1.71. Brink's has a one year low of $47.30 and a one year high of $88.10.

Brink's (NYSE:BCO) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.01). The firm had revenue of $903.00 million for the quarter, compared to analysts’ expectations of $851.35 million. Brink's had a return on equity of 36.76% and a net margin of 0.50%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 earnings per share. equities analysts anticipate that Brink's will post 3.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.81%. The ex-dividend date is Wednesday, February 7th. Brink's’s payout ratio is 193.55%.

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About Brink's

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.

Institutional Ownership by Quarter for Brink's (NYSE:BCO)

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