Saya Management LP acquired a new position in Brink’s (NYSE:BCO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 279,457 shares of the business services provider’s stock, valued at approximately $18,067,000. Brink’s accounts for approximately 11.1% of Saya Management LP’s investment portfolio, making the stock its 6th largest position.
Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in Brink’s by 29.3% during the third quarter. FMR LLC now owns 1,008,498 shares of the business services provider’s stock worth $70,343,000 after buying an additional 228,626 shares in the last quarter. Man Group plc acquired a new stake in Brink’s during the third quarter worth about $307,000. Advisory Research Inc. grew its position in Brink’s by 36.1% during the third quarter. Advisory Research Inc. now owns 540,933 shares of the business services provider’s stock worth $37,730,000 after buying an additional 143,533 shares in the last quarter. MetLife Investment Advisors LLC grew its position in Brink’s by 18.7% during the third quarter. MetLife Investment Advisors LLC now owns 65,125 shares of the business services provider’s stock worth $4,542,000 after buying an additional 10,249 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its position in Brink’s by 8.1% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,398,367 shares of the business services provider’s stock worth $97,536,000 after buying an additional 105,235 shares in the last quarter. 98.36% of the stock is currently owned by institutional investors and hedge funds.
BCO stock opened at $76.53 on Thursday. Brink’s has a twelve month low of $59.08 and a twelve month high of $85.00. The stock has a market cap of $3.82 billion, a P/E ratio of 22.12, a PEG ratio of 1.25 and a beta of 1.59. The company has a debt-to-equity ratio of 8.83, a quick ratio of 1.42 and a current ratio of 1.42.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 8th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, February 7th. Brink’s’s payout ratio is 17.34%.
Separately, Zacks Investment Research raised Brink’s from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $93.00.
In other Brink’s news, SVP Rohan Pal sold 4,524 shares of Brink’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $76.46, for a total transaction of $345,905.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Amit Zukerman sold 10,000 shares of Brink’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $75.62, for a total value of $756,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 18,000 shares of company stock worth $1,309,720 and have sold 23,924 shares worth $1,829,571. 2.48% of the stock is currently owned by insiders.
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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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