Dimensional Fund Advisors LP trimmed its stake in Brink’s (NYSE:BCO) by 9.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,082,096 shares of the business services provider’s stock after selling 108,808 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.12% of Brink’s worth $86,299,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in Brink’s by 498.0% in the second quarter. Parallel Advisors LLC now owns 1,477 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,230 shares in the last quarter. Mount Yale Investment Advisors LLC bought a new position in shares of Brink’s during the 1st quarter worth approximately $132,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Brink’s by 52.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,343 shares of the business services provider’s stock worth $187,000 after acquiring an additional 809 shares during the period. Fortaleza Asset Management Inc. bought a new position in shares of Brink’s during the 2nd quarter worth approximately $192,000. Finally, World Asset Management Inc bought a new position in shares of Brink’s during the 2nd quarter worth approximately $200,000. Hedge funds and other institutional investors own 98.32% of the company’s stock.
In related news, insider Amit Zukerman sold 5,000 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $79.41, for a total transaction of $397,050.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ronald James Domanico purchased 2,000 shares of Brink’s stock in a transaction on Friday, September 7th. The stock was bought at an average price of $69.45 per share, for a total transaction of $138,900.00. The disclosure for this purchase can be found here. 2.48% of the stock is currently owned by insiders.
Several research analysts have recently commented on BCO shares. TheStreet upgraded Brink’s from a “c+” rating to a “b-” rating in a research note on Tuesday, June 12th. ValuEngine upgraded Brink’s from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Berenberg Bank initiated coverage on Brink’s in a research note on Wednesday, September 12th. They issued a “buy” rating and a $90.00 price target for the company. Finally, Zacks Investment Research upgraded Brink’s from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $95.67.
NYSE BCO traded down $1.56 during midday trading on Friday, hitting $66.62. The company had a trading volume of 585,343 shares, compared to its average volume of 441,330. The stock has a market capitalization of $3.55 billion, a PE ratio of 21.99, a P/E/G ratio of 1.05 and a beta of 1.73. The company has a debt-to-equity ratio of 4.63, a current ratio of 1.79 and a quick ratio of 1.79. Brink’s has a twelve month low of $65.72 and a twelve month high of $88.10.
Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, July 25th. The business services provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.05. Brink’s had a positive return on equity of 46.24% and a negative net margin of 3.39%. The firm had revenue of $850.00 million during the quarter, compared to analysts’ expectations of $795.75 million. During the same period in the previous year, the firm earned $0.64 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts expect that Brink’s will post 3.41 EPS 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. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.90%. Brink’s’s dividend payout ratio (DPR) is currently 19.80%.
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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