SG Americas Securities LLC grew its stake in shares of Brink's (NYSE:BCO) by 71.8% during the 4th quarter, HoldingsChannel reports. The fund owned 11,007 shares of the business services provider’s stock after buying an additional 4,599 shares during the period. SG Americas Securities LLC’s holdings in Brink's were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of BCO. Pictet Asset Management Ltd. lifted its position in shares of Brink's by 231.0% during the third quarter. Pictet Asset Management Ltd. now owns 609,000 shares of the business services provider’s stock worth $51,308,000 after acquiring an additional 425,000 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Brink's in the third quarter worth $31,028,000. DSAM Partners London Ltd purchased a new stake in shares of Brink's in the third quarter worth $24,800,000. Neuberger Berman Group LLC purchased a new stake in shares of Brink's in the third quarter worth $17,917,000. Finally, GW&K Investment Management LLC purchased a new stake in shares of Brink's in the fourth quarter worth $11,953,000. Hedge funds and other institutional investors own 88.13% of the company’s stock.
BCO has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Brink's from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. ValuEngine downgraded Brink's from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Sidoti upgraded Brink's from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Imperial Capital reiterated an “outperform” rating and issued a $100.00 price objective (up previously from $86.00) on shares of Brink's in a research report on Thursday, January 18th. Finally, Gabelli upgraded Brink's from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $93.50.
Shares of Brink's (NYSE BCO) opened at $75.65 on Friday. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.89 and a quick ratio of 1.21. Brink's has a 12-month low of $47.30 and a 12-month high of $88.10. The stock has a market capitalization of $3,819.04, a price-to-earnings ratio of 25.30, a P/E/G ratio of 0.98 and a beta of 1.71.
Brink's (NYSE:BCO) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). The business had revenue of $903.00 million during the quarter, compared to analysts’ expectations of $851.35 million. Brink's had a return on equity of 36.76% and a net margin of 0.50%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. analysts expect that Brink's will post 3.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 8th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $0.60 dividend on an annualized basis and a yield of 0.79%. Brink's’s dividend payout ratio is presently 193.55%.
In other news, Director George I. Stoeckert bought 2,700 shares of Brink's stock in a transaction that occurred on Tuesday, December 12th. The shares were acquired at an average price of $80.55 per share, with a total value of $217,485.00. Following the completion of the purchase, the director now directly owns 12,014 shares in the company, valued at $967,727.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director George I. Stoeckert bought 1,000 shares of Brink's stock in a transaction that occurred on Friday, December 8th. The stock was purchased at an average cost of $80.40 per share, for a total transaction of $80,400.00. Following the purchase, the director now owns 12,014 shares of the company’s stock, valued at $965,925.60. The disclosure for this purchase can be found here. In the last three months, insiders purchased 21,200 shares of company stock worth $1,579,655. 10.40% of the stock is owned by insiders.
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The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.
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