Brink’s (NYSE:BCO) Stock Holdings Boosted by Monarch Partners Asset Management LLC

Monarch Partners Asset Management LLC grew its position in Brink’s (NYSE:BCO) by 8.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 210,190 shares of the business services provider’s stock after acquiring an additional 15,596 shares during the quarter. Brink’s comprises approximately 2.6% of Monarch Partners Asset Management LLC’s portfolio, making the stock its 2nd biggest position. Monarch Partners Asset Management LLC owned approximately 0.42% of Brink’s worth $17,435,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Texas Permanent School Fund lifted its holdings in shares of Brink’s by 0.5% during the third quarter. Texas Permanent School Fund now owns 34,031 shares of the business services provider’s stock worth $2,823,000 after purchasing an additional 186 shares during the period. Retirement Systems of Alabama lifted its holdings in shares of Brink’s by 0.4% during the second quarter. Retirement Systems of Alabama now owns 64,865 shares of the business services provider’s stock worth $5,266,000 after purchasing an additional 240 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of Brink’s by 0.5% during the third quarter. Gamco Investors INC. ET AL now owns 53,739 shares of the business services provider’s stock worth $4,458,000 after purchasing an additional 250 shares during the period. Sciencast Management LP lifted its holdings in shares of Brink’s by 8.3% during the second quarter. Sciencast Management LP now owns 3,900 shares of the business services provider’s stock worth $341,000 after purchasing an additional 300 shares during the period. Finally, ETF Managers Group LLC lifted its holdings in shares of Brink’s by 20.8% during the second quarter. ETF Managers Group LLC now owns 2,431 shares of the business services provider’s stock worth $196,000 after purchasing an additional 418 shares during the period.

BCO has been the subject of several recent research reports. ValuEngine raised Brink’s from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Imperial Capital increased their price target on Brink’s from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. They noted that the move was a valuation call. Buckingham Research decreased their price target on Brink’s from $115.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Finally, Zacks Investment Research raised Brink’s from a “sell” rating to a “hold” rating in a report on Wednesday.

NYSE:BCO traded down $0.06 during trading hours on Friday, hitting $90.33. The company’s stock had a trading volume of 267,607 shares, compared to its average volume of 352,841. The business’s 50-day moving average is $84.44 and its two-hundred day moving average is $82.40. The company has a market capitalization of $4.44 billion, a PE ratio of 26.11 and a beta of 1.53. The company has a debt-to-equity ratio of 8.97, a quick ratio of 1.40 and a current ratio of 1.40. Brink’s has a 52-week low of $59.08 and a 52-week high of $93.81.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.01. The firm had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $931.08 million. Brink’s had a return on equity of 102.81% and a net margin of 1.83%. Brink’s’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 earnings per share. As a group, analysts predict that Brink’s will post 3.91 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 8th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, November 7th. Brink’s’s payout ratio is 17.34%.

About Brink’s

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.

Read More: Golden Cross

Institutional Ownership by Quarter 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.



Leave a Reply