Oak Ridge Investments LLC Has $1.76 Million Stake in Brink’s (BCO)

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Oak Ridge Investments LLC lifted its stake in shares of Brink’s (NYSE:BCO) by 3.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 23,291 shares of the business services provider’s stock after purchasing an additional 750 shares during the period. Oak Ridge Investments LLC’s holdings in Brink’s were worth $1,756,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Brink’s by 0.8% during the fourth quarter. BlackRock Inc. now owns 5,745,222 shares of the business services provider’s stock worth $371,429,000 after purchasing an additional 45,569 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Brink’s by 20.7% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,612,062 shares of the business services provider’s stock worth $104,219,000 after purchasing an additional 276,450 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Brink’s by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,075,897 shares of the business services provider’s stock worth $69,555,000 after purchasing an additional 40,248 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in Brink’s by 6.4% during the first quarter. Eagle Asset Management Inc. now owns 756,300 shares of the business services provider’s stock worth $57,032,000 after purchasing an additional 45,637 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Brink’s by 10.0% during the fourth quarter. Nuveen Asset Management LLC now owns 605,189 shares of the business services provider’s stock worth $39,125,000 after purchasing an additional 54,880 shares during the last quarter. 98.36% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research upgraded Brink’s from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Brink’s presently has an average rating of “Buy” and a consensus target price of $96.67.

Shares of NYSE BCO opened at $79.08 on Friday. The company has a debt-to-equity ratio of 8.90, a current ratio of 1.37 and a quick ratio of 1.37. Brink’s has a twelve month low of $59.08 and a twelve month high of $86.34. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.30 and a beta of 1.57.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.07. Brink’s had a positive return on equity of 86.38% and a negative net margin of 1.19%. The company had revenue of $905.00 million during the quarter, compared to analysts’ expectations of $914.08 million. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Brink’s will post 4.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Brink’s’s dividend payout ratio is currently 17.34%.

In other Brink’s news, SVP Rohan Pal sold 4,524 shares of the business’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 value of $345,905.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ronald James Domanico acquired 3,000 shares of Brink’s stock in a transaction on Friday, March 8th. The stock was purchased at an average price of $72.39 per share, with a total value of $217,170.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 18,000 shares of company stock valued at $1,309,720 and sold 37,844 shares valued at $3,032,561. 1.05% of the stock is currently owned by insiders.

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Brink’s Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. 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.

Further Reading: How can investors find ex-dividend dates?

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 (NYSE:BCO).

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

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