Strs Ohio Boosts Holdings in Brink’s (BCO)

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Strs Ohio grew its stake in shares of Brink’s (NYSE:BCO) by 44.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,500 shares of the business services provider’s stock after buying an additional 2,000 shares during the quarter. Strs Ohio’s holdings in Brink’s were worth $518,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. grew its stake in shares of Brink’s by 36.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,369,402 shares of the business services provider’s stock worth $109,210,000 after purchasing an additional 364,925 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Brink’s by 1.4% in the first quarter. Thrivent Financial for Lutherans now owns 847,750 shares of the business services provider’s stock worth $60,487,000 after purchasing an additional 11,429 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Brink’s by 26.5% in the first quarter. Royal Bank of Canada now owns 580,284 shares of the business services provider’s stock worth $41,403,000 after purchasing an additional 121,673 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Brink’s by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 569,097 shares of the business services provider’s stock worth $45,385,000 after purchasing an additional 8,182 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Brink’s by 25.1% in the first quarter. Nuveen Asset Management LLC now owns 443,705 shares of the business services provider’s stock worth $31,658,000 after purchasing an additional 88,914 shares during the last quarter. 98.37% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the stock. ValuEngine raised shares of Brink’s from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Zacks Investment Research cut shares of Brink’s from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. TheStreet cut shares of Brink’s from a “b-” rating to a “c” rating in a research note on Wednesday, August 1st. Finally, Buckingham Research boosted their price objective on shares of Brink’s from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, May 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Brink’s currently has an average rating of “Buy” and an average price target of $96.80.

Shares of Brink’s stock opened at $70.00 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 4.63. Brink’s has a twelve month low of $67.57 and a twelve month high of $88.10. The firm has a market capitalization of $3.68 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of 1.05 and a beta of 1.73.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, July 25th. The business services provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The business had revenue of $850.00 million for the quarter, compared to analyst estimates of $795.75 million. Brink’s had a negative net margin of 3.39% and a positive return on equity of 46.24%. Brink’s’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 earnings per share. sell-side analysts predict that Brink’s will post 3.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, September 1st. Investors of record on Friday, July 27th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, July 26th. This represents a $0.60 annualized dividend and a yield of 0.86%. Brink’s’s payout ratio is 19.80%.

In related news, insider Michael F. Beech sold 4,625 shares of the business’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $78.67, for a total value of $363,848.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mcalister C. Marshall II sold 18,163 shares of the business’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $79.76, for a total transaction of $1,448,680.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,788 shares of company stock worth $2,209,580. 2.48% of the stock is owned by company insiders.

Brink’s Profile

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

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