Prudential Financial Inc. grew its stake in shares of Brink’s (NYSE:BCO) by 1.9% in the first quarter, HoldingsChannel.com reports. The fund owned 337,540 shares of the business services provider’s stock after acquiring an additional 6,190 shares during the quarter. Prudential Financial Inc.’s holdings in Brink’s were worth $24,083,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Brink’s by 3.3% during the 4th quarter. BlackRock Inc. now owns 5,669,576 shares of the business services provider’s stock valued at $446,196,000 after acquiring an additional 182,730 shares during the period. Thrivent Financial For Lutherans lifted its position in shares of Brink’s by 7.3% during the 4th quarter. Thrivent Financial For Lutherans now owns 836,321 shares of the business services provider’s stock valued at $65,818,000 after acquiring an additional 56,986 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Brink’s by 25.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 777,025 shares of the business services provider’s stock worth $61,152,000 after buying an additional 158,175 shares in the last quarter. Foundation Asset Management LP raised its holdings in shares of Brink’s by 1.3% during the 4th quarter. Foundation Asset Management LP now owns 546,755 shares of the business services provider’s stock worth $43,030,000 after buying an additional 6,931 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its holdings in shares of Brink’s by 3.9% during the 1st quarter. Hennessy Advisors Inc. now owns 401,365 shares of the business services provider’s stock worth $28,637,000 after buying an additional 15,000 shares in the last quarter. Hedge funds and other institutional investors own 90.91% of the company’s stock.
Brink’s stock opened at $70.65 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 3.10. Brink’s has a 52 week low of $59.20 and a 52 week high of $88.10. The firm has a market cap of $3.60 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.77.
Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, April 25th. The business services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Brink’s had a return on equity of 39.12% and a net margin of 0.12%. The company had revenue of $853.00 million during the quarter, compared to analysts’ expectations of $802.83 million. During the same quarter in the previous year, the firm earned $0.57 EPS. Brink’s’s revenue was up 8.2% on a year-over-year basis. research analysts forecast that Brink’s will post 3.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.85%. Brink’s’s dividend payout ratio (DPR) is currently 19.80%.
A number of research firms have recently commented on BCO. ValuEngine cut Brink’s from a “buy” rating to a “hold” rating in a report on Wednesday. Buckingham Research began coverage on Brink’s in a report on Monday, March 26th. They set a “buy” rating and a $100.00 price target for the company. Zacks Investment Research raised Brink’s from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Friday, February 9th. Finally, Gabelli raised Brink’s from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $94.80.
Brink’s Company Profile
The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. 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.
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