Envestnet Asset Management Inc. Has $967,000 Stake in Brink’s (NYSE:BCO)

Envestnet Asset Management Inc. raised its stake in Brink’s (NYSE:BCO) by 2,441.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,276 shares of the business services provider’s stock after acquiring an additional 11,793 shares during the period. Envestnet Asset Management Inc.’s holdings in Brink’s were worth $967,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of Brink’s by 101.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 224,285 shares of the business services provider’s stock valued at $18,582,000 after buying an additional 112,757 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Brink’s by 5.1% during the 4th quarter. UBS Asset Management Americas Inc. now owns 35,327 shares of the business services provider’s stock worth $2,780,000 after buying an additional 1,714 shares during the period. Crossmark Global Holdings Inc. raised its stake in Brink’s by 73.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 6,618 shares of the business services provider’s stock worth $521,000 after buying an additional 2,799 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Brink’s by 434.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,931 shares of the business services provider’s stock worth $415,000 after buying an additional 4,008 shares during the period. Finally, Liberty Mutual Group Asset Management Inc. acquired a new position in Brink’s during the 4th quarter worth approximately $1,009,000. 93.09% of the stock is owned by hedge funds and other institutional investors.

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Shares of BCO stock opened at $76.00 on Friday. Brink’s has a 52-week low of $56.30 and a 52-week high of $88.10. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.37. The firm has a market capitalization of $3,863.96, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 0.98 and a beta of 1.76.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $0.95 earnings per share for the quarter, missing the Zacks’ 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 net margin of 0.50% and a return on equity of 36.76%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. analysts predict that Brink’s will post 3.78 EPS for the current year.

Several analysts have recently commented on the company. ValuEngine raised Brink’s from a “hold” rating to a “buy” rating in a research note on Friday, April 6th. Zacks Investment Research downgraded Brink’s from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Sidoti raised Brink’s from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Buckingham Research initiated coverage on Brink’s in a research report on Monday, March 26th. They set a “buy” rating and a $100.00 price target for the company. Finally, Gabelli raised Brink’s from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Seven analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $94.80.

In other Brink’s news, CEO Douglas A. Pertz bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average cost of $72.91 per share, with a total value of $729,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George I. Stoeckert acquired 2,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $75.87 per share, for a total transaction of $151,740.00. Following the completion of the transaction, the director now owns 15,714 shares in the company, valued at approximately $1,192,221.18. The disclosure for this purchase can be found here. In the last quarter, insiders bought 17,500 shares of company stock worth $1,281,770. Company insiders own 2.48% of the company’s stock.

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About Brink’s

The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.

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

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