Comerica Bank decreased its position in Brink’s (NYSE:BCO) by 1.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 184,578 shares of the business services provider’s stock after selling 2,911 shares during the period. Comerica Bank owned about 0.37% of Brink’s worth $14,576,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its position 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 during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of Brink’s by 20.7% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,612,062 shares of the business services provider’s stock valued at $104,219,000 after buying an additional 276,450 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Brink’s by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,075,897 shares of the business services provider’s stock valued at $69,555,000 after buying an additional 40,248 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of Brink’s by 6.4% in the first quarter. Eagle Asset Management Inc. now owns 756,300 shares of the business services provider’s stock valued at $57,032,000 after buying an additional 45,637 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Brink’s by 10.0% in the fourth quarter. Nuveen Asset Management LLC now owns 605,189 shares of the business services provider’s stock valued at $39,125,000 after buying an additional 54,880 shares in the last quarter. 98.36% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research upgraded Brink’s from a “sell” rating to a “hold” rating in a research note on Friday, February 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Brink’s currently has a consensus rating of “Buy” and a consensus price target of $96.67.
NYSE BCO traded down $1.02 during mid-day trading on Wednesday, reaching $77.46. 371,245 shares of the company’s stock traded hands, compared to its average volume of 219,379. 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. The firm has a market cap of $3.94 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.29 and a beta of 1.57.
Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. Brink’s had a positive return on equity of 86.38% and a negative net margin of 1.19%. The firm had revenue of $905.00 million during the quarter, compared to analyst estimates of $914.08 million. During the same quarter last year, the firm earned $0.65 EPS. Brink’s’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts anticipate that Brink’s will post 4.22 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.77%. Brink’s’s dividend payout ratio (DPR) is presently 17.34%.
In other news, CFO Ronald James Domanico bought 3,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was bought at an average price of $72.39 per share, for a total transaction of $217,170.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Rohan Pal sold 4,524 shares of Brink’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $76.46, for a total value of $345,905.04. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 18,000 shares of company stock valued at $1,309,720 and have sold 37,844 shares valued at $3,032,561. 1.05% of the stock is owned by company insiders.
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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