Ameritas Investment Partners Inc. Sells 320 Shares of The Brink’s Company (NYSE:BCO)

Ameritas Investment Partners Inc. reduced its position in The Brink’s Company (NYSE:BCO) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,408 shares of the business services provider’s stock after selling 320 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Brink’s were worth $1,331,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. acquired a new position in Brink’s during the first quarter worth $1,945,000. Knights of Columbus Asset Advisors LLC raised its stake in Brink’s by 318.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 115,968 shares of the business services provider’s stock worth $10,199,000 after acquiring an additional 88,282 shares in the last quarter. Vanguard Group Inc. raised its stake in Brink’s by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,728,043 shares of the business services provider’s stock worth $343,445,000 after acquiring an additional 35,957 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Brink’s during the fourth quarter worth $871,000. Finally, Capstone Investment Advisors LLC acquired a new position in Brink’s during the first quarter worth $745,000. 94.96% of the stock is owned by institutional investors.

Brink’s Trading Down 1.6 %

BCO traded down $1.74 during midday trading on Wednesday, reaching $107.25. 72,270 shares of the company were exchanged, compared to its average volume of 234,587. The Brink’s Company has a one year low of $64.15 and a one year high of $109.48. The company has a debt-to-equity ratio of 6.37, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market capitalization of $4.77 billion, a P/E ratio of 41.44 and a beta of 1.46. The stock’s 50-day simple moving average is $102.09 and its 200 day simple moving average is $91.32.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, May 8th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.29. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.21 billion. Brink’s had a return on equity of 59.84% and a net margin of 2.46%. Brink’s’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.16 EPS. As a group, analysts forecast that The Brink’s Company will post 7.56 earnings per share for the current fiscal year.

Brink’s Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, July 29th will be given a dividend of $0.2425 per share. The ex-dividend date is Monday, July 29th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.90%. Brink’s’s payout ratio is 37.16%.

Wall Street Analyst Weigh In

Separately, William Blair began coverage on Brink’s in a research note on Tuesday, May 21st. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $106.50.

Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.