HBK Investments L P lowered its stake in shares of Brink's (NYSE:BCO) by 9.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 106,400 shares of the business services provider’s stock after selling 11,400 shares during the period. HBK Investments L P owned about 0.21% of Brink's worth $8,374,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cypress Capital Management LLC WY purchased a new position in shares of Brink's during the 3rd quarter valued at about $122,000. Virtus Fund Advisers LLC purchased a new position in shares of Brink's during the 4th quarter valued at about $146,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Brink's by 105.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,670 shares of the business services provider’s stock valued at $210,000 after buying an additional 1,370 shares during the last quarter. Haverford Trust Co. purchased a new position in shares of Brink's during the 3rd quarter valued at about $233,000. Finally, Legato Capital Management LLC purchased a new position in shares of Brink's during the 4th quarter valued at about $240,000. Institutional investors and hedge funds own 93.17% of the company’s stock.
In other news, CFO Ronald James Domanico acquired 3,500 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was bought at an average cost of $72.18 per share, for a total transaction of $252,630.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 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 price of $75.87 per share, with a total value of $151,740.00. Following the completion of the purchase, 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 90 days, insiders purchased 17,500 shares of company stock valued at $1,281,770. 10.40% of the stock is owned by company insiders.
Brink's (NYSE:BCO) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.01). Brink's had a net margin of 0.50% and a return on equity of 36.76%. The business had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $851.35 million. During the same quarter in the prior year, the firm earned $0.87 EPS. Brink's’s revenue for the quarter was up 12.3% on a year-over-year basis. research analysts forecast that Brink's will post 3.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 8th were paid a $0.15 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Brink's’s dividend payout ratio is presently 193.55%.
A number of equities analysts have weighed in on BCO shares. Gabelli upgraded Brink's from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Sidoti restated a “neutral” rating and issued a $94.00 price target on shares of Brink's in a research note on Friday, December 15th. Zacks Investment Research lowered Brink's from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Imperial Capital restated an “outperform” rating and issued a $100.00 price target (up previously from $86.00) on shares of Brink's in a research note on Thursday, January 18th. Finally, ValuEngine lowered Brink's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $93.50.
WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/03/14/hbk-investments-l-p-sells-11400-shares-of-brinks-bco.html.
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 (NYSE:BCO).
Receive News & Ratings for Brink's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's and related companies with MarketBeat.com's FREE daily email newsletter.