Envestnet Asset Management Inc. Has $324,000 Position in Brink's Company (BCO)

Envestnet Asset Management Inc. raised its position in Brink's Company (NYSE:BCO) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,884 shares of the business services provider’s stock after buying an additional 275 shares during the period. Envestnet Asset Management Inc.’s holdings in Brink's Company were worth $324,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc acquired a new stake in Brink's Company during the third quarter worth approximately $206,000. Bluestein R H & Co. acquired a new stake in Brink's Company during the fourth quarter worth approximately $206,000. Point View Wealth Management Inc. acquired a new stake in Brink's Company during the third quarter worth approximately $245,000. Bridgewater Associates LP acquired a new stake in Brink's Company during the third quarter worth approximately $256,000. Finally, First Trust Advisors LP acquired a new stake in Brink's Company during the third quarter worth approximately $364,000. Institutional investors and hedge funds own 93.20% of the company’s stock.

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

Brink's Company (NYSE:BCO) traded down 0.79% during midday trading on Friday, hitting $56.65. 514,706 shares of the stock were exchanged. The company has a 50 day moving average price of $53.65 and a 200 day moving average price of $45.42. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 82.58 and a beta of 1.40. Brink's Company has a one year low of $26.86 and a one year high of $57.90.

Brink's Company (NYSE:BCO) last posted its quarterly earnings data on Wednesday, February 8th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.15. Brink's Company had a net margin of 1.14% and a return on equity of 29.99%. The company had revenue of $768 million for the quarter, compared to the consensus estimate of $735.34 million. During the same period last year, the company earned $0.55 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. Equities analysts anticipate that Brink's Company will post $2.51 EPS for the current year.

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A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of Brink's Company from a “hold” rating to a “strong sell” rating in a report on Friday, February 10th. SunTrust Banks, Inc. assumed coverage on shares of Brink's Company in a report on Monday, February 27th. They issued a “buy” rating on the stock. Finally, Imperial Capital boosted their target price on shares of Brink's Company to $52.00 and gave the stock an “in-line” rating in a report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Brink's Company presently has a consensus rating of “Hold” and an average price target of $44.67.

In other news, insider Thomas Colan sold 966 shares of Brink's Company stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $52.40, for a total value of $50,618.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter A. Feld sold 750,000 shares of Brink's Company stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $52.53, for a total transaction of $39,397,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders bought 55,000 shares of company stock worth $2,861,769 and sold 1,560,966 shares worth $81,481,118. 11.29% of the stock is owned by company insiders.

Brink's Company Company Profile

The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.

5 Day Chart for NYSE:BCO

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