Carillon Tower Advisers Inc. acquired a new position in Brink's (NYSE:BCO) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 345,004 shares of the business services provider’s stock, valued at approximately $27,151,000.
A number of other institutional investors have also made changes to their positions in BCO. Pictet Asset Management Ltd. lifted its stake in Brink's by 231.0% in the 3rd quarter. Pictet Asset Management Ltd. now owns 609,000 shares of the business services provider’s stock worth $51,308,000 after acquiring an additional 425,000 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in Brink's in the 3rd quarter worth about $31,028,000. DSAM Partners London Ltd purchased a new stake in Brink's in the 3rd quarter worth about $24,800,000. Neuberger Berman Group LLC purchased a new stake in Brink's in the 3rd quarter worth about $17,917,000. Finally, BlackRock Inc. lifted its stake in Brink's by 3.3% in the 4th quarter. BlackRock Inc. now owns 5,669,576 shares of the business services provider’s stock worth $446,196,000 after acquiring an additional 182,730 shares in the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.
Shares of Brink's (BCO) opened at $73.70 on Wednesday. Brink's has a one year low of $47.30 and a one year high of $88.10. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.21 and a current ratio of 1.89. The firm has a market capitalization of $3,755.96, a PE ratio of 24.88, a PEG ratio of 0.96 and a beta of 1.71.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, February 7th. Brink's’s payout ratio is 193.55%.
In related news, CEO Douglas A. Pertz acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average cost of $72.91 per share, with a total value of $729,100.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Ronald James Domanico acquired 3,500 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average cost of $72.18 per share, for a total transaction of $252,630.00. The disclosure for this purchase can be found here. Insiders purchased a total of 21,200 shares of company stock worth $1,579,655 over the last three months. 10.40% of the stock is owned by company insiders.
A number of equities research analysts have recently weighed in on BCO shares. Zacks Investment Research raised Brink's from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research note on Monday, January 15th. Sidoti raised Brink's from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. Gabelli raised Brink's from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. ValuEngine downgraded Brink's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $100.00 price target (up from $86.00) on shares of Brink's in a research note on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $93.50.
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Brink's Company Profile
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.
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