The Brink’s Company (NYSE:BCO) Shares Purchased by Bailard Inc.

Bailard Inc. increased its holdings in shares of The Brink’s Company (NYSE:BCOFree Report) by 168.2% in the second quarter, Holdings Channel reports. The firm owned 5,900 shares of the business services provider’s stock after buying an additional 3,700 shares during the period. Bailard Inc.’s holdings in Brink’s were worth $604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BCO. Covestor Ltd increased its position in shares of Brink’s by 154.8% during the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. LRI Investments LLC purchased a new position in Brink’s during the 1st quarter valued at about $37,000. GAMMA Investing LLC boosted its holdings in Brink’s by 119.0% during the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 250 shares during the period. MFA Wealth Advisors LLC purchased a new position in Brink’s during the 2nd quarter valued at about $47,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in Brink’s during the 1st quarter valued at about $49,000. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink’s Stock Up 0.1 %

Shares of BCO traded up $0.07 during midday trading on Monday, hitting $109.29. The company had a trading volume of 324,317 shares, compared to its average volume of 253,986. The company’s 50-day simple moving average is $103.14 and its 200-day simple moving average is $94.75. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $4.86 billion, a P/E ratio of 42.05 and a beta of 1.46. The Brink’s Company has a 1 year low of $64.15 and a 1 year high of $113.63.

Brink’s (NYSE:BCOGet Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.20. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 EPS. As a group, sell-side analysts expect that The Brink’s Company will post 7.51 EPS for the current year.

Brink’s Cuts Dividend

The firm 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. This represents a $0.97 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Monday, July 29th. Brink’s’s dividend payout ratio (DPR) is presently 37.16%.

Wall Street Analysts Forecast Growth

BCO has been the subject of a number of research analyst reports. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. William Blair initiated coverage on Brink’s in a report on Tuesday, May 21st. They set an “outperform” rating for the company. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $106.50.

Check Out Our Latest Research Report on BCO

About Brink’s

(Free Report)

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.

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Institutional Ownership by Quarter for Brink's (NYSE:BCO)

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