California State Teachers Retirement System cut its stake in shares of Brink’s (NYSE:BCO) by 2.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 77,000 shares of the business services provider’s stock after selling 1,790 shares during the quarter. California State Teachers Retirement System owned approximately 0.15% of Brink’s worth $5,807,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of BCO. BlackRock Inc. increased its stake in shares of Brink’s by 0.8% in the fourth quarter. BlackRock Inc. now owns 5,745,222 shares of the business services provider’s stock valued at $371,429,000 after buying an additional 45,569 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Brink’s by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,075,897 shares of the business services provider’s stock worth $69,555,000 after buying an additional 40,248 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in Brink’s by 6.4% during the first quarter. Eagle Asset Management Inc. now owns 756,300 shares of the business services provider’s stock worth $57,032,000 after buying an additional 45,637 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Brink’s by 10.0% during the 4th quarter. Nuveen Asset Management LLC now owns 605,189 shares of the business services provider’s stock valued at $39,125,000 after purchasing an additional 54,880 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Brink’s by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 569,383 shares of the business services provider’s stock valued at $36,810,000 after purchasing an additional 7,196 shares in the last quarter. 98.36% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research lowered Brink’s from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $90.00.
In other news, insider Thomas Colan sold 6,374 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $83.51, for a total value of $532,292.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Amit Zukerman sold 21,946 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $79.94, for a total value of $1,754,363.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,320 shares of company stock worth $2,686,656. 1.05% of the stock is owned by corporate insiders.
BCO opened at $81.31 on Wednesday. The firm has a market capitalization of $4.02 billion, a P/E ratio of 23.50, a PEG ratio of 1.32 and a beta of 1.50. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 8.90. Brink’s has a 1 year low of $59.08 and a 1 year high of $86.34.
Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Brink’s had a positive return on equity of 86.38% and a negative net margin of 1.19%. The company had revenue of $905.00 million during the quarter, compared to analysts’ expectations of $914.08 million. During the same quarter in the previous year, the firm earned $0.65 EPS. Brink’s’s revenue was up 6.1% on a year-over-year basis. On average, research analysts expect that Brink’s will post 4.22 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were paid a $0.15 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.74%. Brink’s’s payout ratio is 17.34%.
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The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. 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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