Cambiar Investors LLC lowered its position in Brink’s Co. (NYSE:BCO) by 2.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 917,554 shares of the company’s stock after selling 26,600 shares during the period. Cambiar Investors LLC’s holdings in Brink’s were worth $26,141,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Louisiana State Employees Retirement System raised its position in shares of Brink’s by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 21,800 shares of the company’s stock worth $621,000 after buying an additional 200 shares during the period. Capstone Asset Management Co. raised its position in shares of Brink’s by 2.5% in the second quarter. Capstone Asset Management Co. now owns 14,889 shares of the company’s stock worth $424,000 after buying an additional 370 shares during the period. Alpha Windward LLC raised its position in shares of Brink’s by 4.9% in the second quarter. Alpha Windward LLC now owns 14,220 shares of the company’s stock worth $405,000 after buying an additional 660 shares during the period. BlackRock Inc. raised its position in shares of 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. Finally, BB&T Securities LLC raised its position in shares of Brink’s by 26.5% in the first quarter. BB&T Securities LLC now owns 9,731 shares of the company’s stock worth $326,000 after buying an additional 2,040 shares during the period. Institutional investors and hedge funds own 93.07% of the company’s stock.
Shares of Brink’s Co. (NYSE:BCO) traded up 0.97% on Monday, reaching $37.44. 323,873 shares of the company’s stock traded hands. Brink’s Co. has a 52 week low of $25.87 and a 52 week high of $37.92. The company has a 50 day moving average price of $36.46 and a 200 day moving average price of $32.60. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 1970.53 and a beta of 1.54.
Brink’s (NYSE:BCO) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.12. The company had revenue of $739.50 million for the quarter, compared to analysts’ expectations of $699.03 million. Brink’s had a net margin of 0.04% and a return on equity of 22.23%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS. On average, equities research analysts predict that Brink’s Co. will post $2.00 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on BCO. Zacks Investment Research lowered shares of Brink’s from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Imperial Capital upgraded shares of Brink’s from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $31.50 to $38.00 in a research note on Wednesday, August 3rd. Finally, Macquarie boosted their price target on shares of Brink’s from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, September 16th.
In other news, CFO Ronald James Domanico bought 16,744 shares of the company’s stock in a transaction dated Thursday, July 14th. The shares were acquired at an average cost of $29.86 per share, with a total value of $499,975.84. Following the completion of the transaction, the chief financial officer now directly owns 16,744 shares in the company, valued at approximately $499,975.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Amit Zukerman sold 10,518 shares of Brink’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $36.69, for a total transaction of $385,905.42. The disclosure for this sale can be found here. 11.29% of the stock is currently owned by insiders.
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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