Ontario Teachers Pension Plan Board Grows Position in The Brink’s Company (NYSE:BCO)

Ontario Teachers Pension Plan Board grew its stake in The Brink’s Company (NYSE:BCO) by 15.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,713 shares of the business services provider’s stock after acquiring an additional 4,927 shares during the quarter. Ontario Teachers Pension Plan Board owned about 0.08% of Brink’s worth $3,484,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Norges Bank purchased a new stake in Brink’s in the 4th quarter worth approximately $21,375,000. Fourth Sail Capital LP purchased a new stake in shares of Brink’s in the first quarter valued at $11,501,000. Knights of Columbus Asset Advisors LLC increased its stake in Brink’s by 318.9% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 115,968 shares of the business services provider’s stock valued at $10,199,000 after purchasing an additional 88,282 shares during the last quarter. Vanguard Group Inc. lifted its position in Brink’s by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock worth $430,749,000 after buying an additional 63,853 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in Brink’s by 157.9% in the 1st quarter. BNP Paribas Financial Markets now owns 99,024 shares of the business services provider’s stock worth $9,148,000 after buying an additional 60,631 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brink’s Trading Up 2.0 %

Shares of BCO traded up $2.13 during trading hours on Monday, hitting $107.47. The stock had a trading volume of 229,866 shares, compared to its average volume of 235,357. The Brink’s Company has a 12-month low of $64.15 and a 12-month high of $108.40. The firm has a market cap of $4.78 billion, a P/E ratio of 40.66 and a beta of 1.46. 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 company’s fifty day simple moving average is $101.67 and its 200 day simple moving average is $90.96.

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

Brink’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, July 29th will be given a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 0.90%. The ex-dividend date is Monday, July 29th. Brink’s’s dividend payout ratio (DPR) is presently 37.16%.

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.