State Street Corp increased its position in shares of Brink's Company (NYSE:BCO) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,067,502 shares of the company’s stock after buying an additional 52,454 shares during the period. State Street Corp owned approximately 2.14% of Brink's Company worth $44,037,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CIBC Asset Management Inc acquired a new stake in Brink's Company during the third quarter worth $206,000. Point View Wealth Management Inc. acquired a new stake in Brink's Company during the third quarter worth $245,000. Bridgewater Associates LP acquired a new stake in Brink's Company during the third quarter worth $256,000. Turner Investments LLC acquired a new stake in Brink's Company during the fourth quarter worth $371,000. Finally, First Trust Advisors LP acquired a new stake in Brink's Company during the third quarter worth $364,000. Institutional investors and hedge funds own 93.20% of the company’s stock.
Shares of Brink's Company (NYSE:BCO) opened at 52.40 on Tuesday. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 76.38 and a beta of 1.40. Brink's Company has a 1-year low of $26.86 and a 1-year high of $54.97. The stock has a 50 day moving average of $50.49 and a 200-day moving average of $42.40.
Brink's Company (NYSE:BCO) last released its earnings results on Wednesday, February 8th. The company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.15. The business had revenue of $768 million for the quarter, compared to analysts’ expectations of $735.34 million. Brink's Company had a return on equity of 29.99% and a net margin of 1.14%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Equities analysts anticipate that Brink's Company will post $2.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Thursday, February 9th were paid a $0.10 dividend. The ex-dividend date was Tuesday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.76%. Brink's Company’s dividend payout ratio is presently 58.82%.
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A number of analysts have recently weighed in on the stock. Imperial Capital increased their price objective on shares of Brink's Company to $52.00 and gave the stock an “in-line” rating in a research note on Thursday, February 9th. SunTrust Banks, Inc. assumed coverage on shares of Brink's Company in a research note on Monday, February 27th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Brink's Company from a “hold” rating to a “strong sell” rating in a research note on Friday, February 10th. TheStreet upgraded shares of Brink's Company from a “hold” rating to a “buy” rating in a research note on Monday, November 28th. Finally, Gabelli lowered shares of Brink's Company from a “buy” rating to a “hold” rating in a research note on Monday, November 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.00.
In related news, insider Amit Zukerman sold 10,000 shares of the stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $52.55, for a total value of $525,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter A. Feld sold 750,000 shares of the stock in a transaction on Monday, March 6th. The shares were sold at an average price of $52.53, for a total value of $39,397,500.00. The disclosure for this sale can be found here. In the last three months, insiders purchased 55,000 shares of company stock worth $2,861,769 and sold 1,560,966 shares worth $81,481,118. 11.29% of the stock is owned by corporate insiders.
About Brink's Company
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.
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