Stoneridge Investment Partners LLC acquired a new position in Brink’s Co. (NYSE:BCO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,513 shares of the company’s stock, valued at approximately $328,000.
A number of other hedge funds have also recently added to or reduced their stakes in BCO. BlackRock Inc. increased its stake in Brink’s by 29.5% in the first quarter. BlackRock Inc. now owns 4,408 shares of the company’s stock worth $147,000 after buying an additional 1,003 shares during the last quarter. Cutler Group LP increased its stake in Brink’s by 69.9% in the first quarter. Cutler Group LP now owns 6,023 shares of the company’s stock worth $202,000 after buying an additional 2,479 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Brink’s during the first quarter worth about $207,000. BB&T Securities LLC increased its stake in Brink’s by 26.5% in the first quarter. BB&T Securities LLC now owns 9,731 shares of the company’s stock worth $326,000 after buying an additional 2,040 shares during the last quarter. Finally, Alpha Windward LLC increased its stake in Brink’s by 4.9% in the second quarter. Alpha Windward LLC now owns 14,220 shares of the company’s stock worth $405,000 after buying an additional 660 shares during the last quarter. 93.07% of the stock is currently owned by institutional investors and hedge funds.
Brink’s Co. (NYSE:BCO) traded down 2.56% during trading on Friday, hitting $36.90. The stock had a trading volume of 317,455 shares. Brink’s Co. has a 12 month low of $25.87 and a 12 month high of $37.92. The company’s 50 day moving average is $36.48 and its 200-day moving average is $32.30. The company has a market cap of $1.83 billion, a PE ratio of 1942.11 and a beta of 1.52.
Brink’s (NYSE:BCO) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The company had revenue of $739.50 million for the quarter, compared to the consensus estimate of $699.03 million. Brink’s had a return on equity of 22.23% and a net margin of 0.04%. Brink’s’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 earnings per share. On average, equities research analysts predict that Brink’s Co. will post $2.00 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Tuesday, July 26th were given a dividend of $0.10 per share. The ex-dividend date was Friday, July 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%. Brink’s’s dividend payout ratio is currently 1,333.33%.
BCO has been the topic of a number of research reports. Zacks Investment Research raised Brink’s from a “sell” rating to a “hold” rating in a research note on Wednesday, July 27th. Imperial Capital reissued an “in-line” rating and set a $31.50 target price on shares of Brink’s in a research report on Friday, July 15th. Finally, Macquarie boosted their target price on Brink’s from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, September 16th.
In other Brink’s news, CFO Ronald James Domanico purchased 16,744 shares of the stock in a transaction on Thursday, July 14th. The shares were bought at an average price of $29.86 per share, for a total transaction of $499,975.84. Following the completion of the transaction, the chief financial officer now owns 16,744 shares of the company’s stock, valued at approximately $499,975.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Colan sold 935 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $37.70, for a total value of $35,249.50. The disclosure for this sale can be found here. Company insiders own 11.29% of the company’s stock.
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company’s solutions include cash-in-transit, automated teller machine (ATM) replenishment and maintenance, international transportation of valuables, cash management and payment services, to financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world.
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