Colony Group LLC grew its position in shares of Brink’s (NYSE:BCO) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,689 shares of the business services provider’s stock after buying an additional 642 shares during the quarter. Colony Group LLC’s holdings in Brink’s were worth $4,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in Brink’s by 109.3% during the third quarter. Millennium Management LLC now owns 75,473 shares of the business services provider’s stock valued at $6,260,000 after purchasing an additional 883,373 shares in the last quarter. FMR LLC raised its position in shares of Brink’s by 56.5% during the 4th quarter. FMR LLC now owns 1,545,144 shares of the business services provider’s stock valued at $140,113,000 after purchasing an additional 557,771 shares during the period. Pictet Asset Management Ltd. lifted its stake in shares of Brink’s by 116.5% during the 4th quarter. Pictet Asset Management Ltd. now owns 330,344 shares of the business services provider’s stock valued at $29,956,000 after buying an additional 177,747 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Brink’s by 116.7% during the 4th quarter. Citigroup Inc. now owns 13,754 shares of the business services provider’s stock valued at $1,248,000 after buying an additional 96,022 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its stake in shares of Brink’s by 908.6% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 70,358 shares of the business services provider’s stock valued at $6,380,000 after buying an additional 63,382 shares in the last quarter.
In other news, CEO Douglas A. Pertz acquired 15,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average price of $80.38 per share, for a total transaction of $1,205,700.00. Following the completion of the transaction, the chief executive officer now directly owns 388,495 shares of the company’s stock, valued at approximately $31,227,228.10. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George I. Stoeckert acquired 1,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $58.04 per share, for a total transaction of $58,040.00. Following the transaction, the director now directly owns 24,202 shares of the company’s stock, valued at $1,404,684.08. The disclosure for this purchase can be found here. Insiders bought a total of 19,500 shares of company stock valued at $1,543,615 over the last ninety days. Corporate insiders own 1.05% of the company’s stock.
Brink’s stock opened at $50.05 on Thursday. The company’s 50-day moving average price is $73.08 and its 200-day moving average price is $84.36. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 7.49. The company has a market cap of $2.25 billion, a PE ratio of 91.00 and a beta of 1.36. Brink’s has a twelve month low of $40.18 and a twelve month high of $97.12.
Brink’s (NYSE:BCO) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $1.18 EPS for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.07). The business had revenue of $935.80 million during the quarter, compared to the consensus estimate of $953.29 million. Brink’s had a net margin of 0.77% and a return on equity of 100.74%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 EPS. As a group, sell-side analysts expect that Brink’s will post 4.4 earnings per share for the current fiscal year.
Brink’s declared that its board has approved a share repurchase program on Thursday, February 6th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the business services provider to purchase up to 6.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 7th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.20%. Brink’s’s dividend payout ratio (DPR) is presently 15.42%.
A number of equities research analysts have issued reports on the company. ValuEngine upgraded Brink’s from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Goldman Sachs Group initiated coverage on Brink’s in a research report on Wednesday, November 27th. They issued a “buy” rating and a $108.00 price objective on the stock. Buckingham Research upped their price objective on Brink’s from $105.00 to $116.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 8th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Brink’s from a “hold” rating to a “sell” rating in a report on Monday, February 10th. Finally, SunTrust Banks reissued a “buy” rating and set a $115.00 price target on shares of Brink’s in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $111.00.
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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