Gabelli Funds LLC Reduces Stake in Brink’s Company (The) (BCO)

Gabelli Funds LLC lowered its stake in shares of Brink’s Company (The) (NYSE:BCO) by 17.5% during the fourth quarter, Holdings Channel reports. The firm owned 501,000 shares of the company’s stock after selling 106,500 shares during the period. Gabelli Funds LLC’s holdings in Brink’s Company (The) were worth $20,666,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its stake in Brink’s Company (The) by 8.1% in the second quarter. Teacher Retirement System of Texas now owns 6,171 shares of the company’s stock valued at $176,000 after buying an additional 461 shares during the period. Public Employees Retirement System of Ohio increased its stake in Brink’s Company (The) by 3.2% in the second quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the company’s stock valued at $178,000 after buying an additional 193 shares during the period. CIBC Asset Management Inc acquired a new stake in Brink’s Company (The) during the third quarter valued at approximately $206,000. Walleye Trading LLC increased its stake in Brink’s Company (The) by 486.2% in the second quarter. Walleye Trading LLC now owns 8,420 shares of the company’s stock valued at $240,000 after buying an additional 10,600 shares during the period. Finally, Point View Wealth Management Inc. acquired a new stake in Brink’s Company (The) during the third quarter valued at approximately $245,000. 93.20% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Brink`s Company (The) (NYSE:BCO)

Brink’s Company (NYSE:BCO) traded down 1.42% during midday trading on Friday, reaching $52.20. 87,331 shares of the company’s stock traded hands. The stock has a market cap of $2.60 billion, a PE ratio of 76.09 and a beta of 1.40. Brink’s Company has a one year low of $26.86 and a one year high of $53.90. The stock’s 50 day moving average price is $44.85 and its 200-day moving average price is $40.05.

Brink’s Company (The) (NYSE:BCO) last posted its quarterly earnings results on Wednesday, February 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.15. The firm earned $768 million during the quarter, compared to analyst estimates of $735.34 million. Brink’s Company (The) had a return on equity of 29.99% and a net margin of 1.14%. Brink’s Company (The)’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. Equities analysts predict that Brink’s Company will post $2.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Thursday, February 9th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Tuesday, February 7th. Brink’s Company (The)’s dividend payout ratio is presently 58.82%.

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BCO has been the topic of several recent research reports. Zacks Investment Research raised shares of Brink’s Company (The) from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Monday, October 31st. TheStreet raised shares of Brink’s Company (The) from a “hold” rating to a “buy” rating in a report on Monday, November 28th. Gabelli downgraded shares of Brink’s Company (The) from a “buy” rating to a “hold” rating in a report on Monday, November 28th. Imperial Capital upped their price objective on shares of Brink’s Company (The) to $52.00 and gave the company an “in-line” rating in a report on Thursday, February 9th. Finally, Macquarie raised shares of Brink’s Company (The) from a “neutral” rating to an “outperform” rating in a report on Monday, December 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $43.00.

About Brink’s Company (The)

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.

5 Day Chart for NYSE:BCO

Want to see what other hedge funds are holding BCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brink’s Company (The) (NYSE:BCO).

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