State Board of Administration of Florida Retirement System decreased its position in Brink’s Co. (NYSE:BCO) by 6.2% during the second quarter, Holdings Channel reports. The firm owned 36,867 shares of the company’s stock after selling 2,449 shares during the period. State Board of Administration of Florida Retirement System owned about 0.08% of Brink’s worth $1,050,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in BCO. Norges Bank bought a new stake in Brink’s during the fourth quarter worth approximately $10,656,000. Aperio Group LLC increased its stake in Brink’s by 23.2% in the first quarter. Aperio Group LLC now owns 12,408 shares of the company’s stock worth $417,000 after buying an additional 2,339 shares during the period. TIAA CREF Investment Management LLC increased its stake in Brink’s by 13.2% in the first quarter. TIAA CREF Investment Management LLC now owns 178,446 shares of the company’s stock worth $5,994,000 after buying an additional 20,852 shares during the period. Prudential Financial Inc. increased its stake in Brink’s by 82.9% in the first quarter. Prudential Financial Inc. now owns 303,820 shares of the company’s stock worth $10,206,000 after buying an additional 137,700 shares during the period. Finally, BlackRock Inc. increased its stake in Brink’s by 29.5% in the first quarter. BlackRock Inc. now owns 4,408 shares of the company’s stock worth $147,000 after buying an additional 1,003 shares during the period. Institutional investors own 93.07% of the company’s stock.
Brink’s Co. (NYSE:BCO) traded down 2.56% during midday trading on Friday, hitting $36.90. 314,316 shares of the stock were exchanged. Brink’s Co. has a one year low of $25.87 and a one year high of $37.92. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 1942.11 and a beta of 1.52. The company has a 50 day moving average price of $36.45 and a 200 day moving average price of $32.25.
Brink’s (NYSE:BCO) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. Brink’s had a net margin of 0.04% and a return on equity of 22.23%. The firm had revenue of $739.50 million for the quarter, compared to analyst estimates of $699.03 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The company’s revenue was down 2.7% on a year-over-year basis. Equities analysts anticipate that Brink’s Co. will post $2.00 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Tuesday, July 26th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Friday, July 22nd. Brink’s’s dividend payout ratio is currently 1,333.33%.
A number of research firms recently commented on BCO. Zacks Investment Research downgraded shares of Brink’s from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Imperial Capital reiterated an “in-line” rating and issued a $31.50 target price on shares of Brink’s in a report on Friday, July 15th. Finally, Macquarie boosted their target price on shares of Brink’s from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, September 16th.
In other Brink’s news, insider Amit Zukerman sold 10,518 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $36.69, for a total transaction of $385,905.42. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thomas Colan sold 935 shares of the stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $37.70, for a total transaction of $35,249.50. The disclosure for this sale can be found here. Company insiders own 11.29% of the company’s stock.
Brink’s Company Profile
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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