Brahman Capital Corp. trimmed its holdings in shares of Brink’s (NYSE:BCO) by 33.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 690,680 shares of the business services provider’s stock after selling 350,052 shares during the period. Brink’s comprises approximately 3.6% of Brahman Capital Corp.’s investment portfolio, making the stock its 11th biggest position. Brahman Capital Corp.’s holdings in Brink’s were worth $52,084,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. BlackRock Inc. boosted its holdings in Brink’s by 0.8% during the fourth quarter. BlackRock Inc. now owns 5,745,222 shares of the business services provider’s stock worth $371,429,000 after buying an additional 45,569 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Brink’s by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,075,897 shares of the business services provider’s stock worth $69,555,000 after buying an additional 40,248 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in Brink’s by 6.4% during the first quarter. Eagle Asset Management Inc. now owns 756,300 shares of the business services provider’s stock worth $57,032,000 after buying an additional 45,637 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Brink’s by 10.0% during the fourth quarter. Nuveen Asset Management LLC now owns 605,189 shares of the business services provider’s stock worth $39,125,000 after buying an additional 54,880 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Brink’s by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 569,383 shares of the business services provider’s stock worth $36,810,000 after buying an additional 7,196 shares in the last quarter. Hedge funds and other institutional investors own 98.36% of the company’s stock.
Shares of NYSE:BCO opened at $82.61 on Monday. The company has a market cap of $4.12 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.50. Brink’s has a 1-year low of $59.08 and a 1-year high of $86.34. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 8.90.
Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, April 24th. The business services provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.07. The firm had revenue of $905.00 million during the quarter, compared to analysts’ expectations of $914.08 million. Brink’s had a negative net margin of 1.19% and a positive return on equity of 86.38%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. As a group, sell-side analysts anticipate that Brink’s will post 4.22 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a $0.15 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.73%. Brink’s’s dividend payout ratio (DPR) is presently 17.34%.
Separately, Zacks Investment Research upgraded shares of Brink’s from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $90.00.
In related news, EVP Amit Zukerman sold 21,946 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $79.94, for a total value of $1,754,363.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Colan sold 6,374 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $83.51, for a total transaction of $532,292.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,320 shares of company stock valued at $2,686,656. 1.05% of the stock is owned by insiders.
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Brink’s Company Profile
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. 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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