Rhumbline Advisers trimmed its holdings in shares of Brink’s (NYSE:BCO) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,629 shares of the business services provider’s stock after selling 5,417 shares during the quarter. Rhumbline Advisers owned approximately 0.21% of Brink’s worth $7,507,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Bronfman E.L. Rothschild L.P. grew its holdings in Brink’s by 52.7% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,343 shares of the business services provider’s stock valued at $187,000 after buying an additional 809 shares in the last quarter. Point72 Hong Kong Ltd grew its holdings in Brink’s by 1,263.6% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,700 shares of the business services provider’s stock valued at $215,000 after buying an additional 2,502 shares in the last quarter. Waratah Capital Advisors Ltd. purchased a new stake in Brink’s in the 3rd quarter valued at $224,000. Stevens Capital Management LP purchased a new stake in Brink’s in the 2nd quarter valued at $309,000. Finally, Nisa Investment Advisors LLC grew its holdings in Brink’s by 94.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,540 shares of the business services provider’s stock valued at $317,000 after buying an additional 2,200 shares in the last quarter.
In other news, CFO Ronald James Domanico bought 2,000 shares of the stock in a transaction that occurred on Friday, September 7th. The stock was bought at an average cost of $69.45 per share, for a total transaction of $138,900.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.48% of the company’s stock.
BCO has been the subject of several analyst reports. Zacks Investment Research cut Brink’s from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. SunTrust Banks lowered their price target on Brink’s to $90.00 and set a “buy” rating for the company in a report on Monday, October 15th. ValuEngine upgraded Brink’s from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. Finally, Berenberg Bank initiated coverage on Brink’s in a report on Wednesday, September 12th. They set a “buy” rating and a $90.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $94.33.
NYSE BCO opened at $70.82 on Monday. The firm has a market cap of $3.58 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 1.38 and a beta of 1.59. The company has a debt-to-equity ratio of 5.89, a current ratio of 1.53 and a quick ratio of 1.53. Brink’s has a twelve month low of $61.47 and a twelve month high of $88.10.
Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, October 24th. The business services provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $852.00 million during the quarter, compared to analysts’ expectations of $843.96 million. Brink’s had a positive return on equity of 56.86% and a negative net margin of 3.46%. The company’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 EPS. As a group, equities analysts expect that Brink’s will post 3.32 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Friday, November 9th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Thursday, November 8th. Brink’s’s dividend payout ratio is presently 19.80%.
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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.
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