Glenmede Trust Co. NA held its stake in Brink’s Company (The) (NYSE:BCO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,659 shares of the business services provider’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Brink’s Company (The) were worth $315,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the company. Columbus Circle Investors purchased a new position in shares of Brink’s Company (The) during the first quarter worth approximately $24,173,000. Louisiana State Employees Retirement System boosted its position in shares of Brink’s Company (The) by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the business services provider’s stock worth $978,000 after buying an additional 300 shares during the last quarter. Fox Run Management L.L.C. boosted its position in shares of Brink’s Company (The) by 37.1% in the first quarter. Fox Run Management L.L.C. now owns 9,047 shares of the business services provider’s stock worth $484,000 after buying an additional 2,447 shares during the last quarter. Parametrica Management Ltd purchased a new position in shares of Brink’s Company (The) during the first quarter worth approximately $312,000. Finally, Foundry Partners LLC raised its position in shares of Brink’s Company (The) by 11.5% in the first quarter. Foundry Partners LLC now owns 248,635 shares of the business services provider’s stock valued at $13,290,000 after buying an additional 25,578 shares in the last quarter. Hedge funds and other institutional investors own 89.25% of the company’s stock.
Shares of Brink’s Company (NYSE BCO) traded up 0.79% during mid-day trading on Tuesday, reaching $76.55. The company’s stock had a trading volume of 440,409 shares. Brink’s Company has a 12 month low of $33.99 and a 12 month high of $81.35. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 45.57 and a beta of 1.71. The company’s 50-day moving average is $70.47 and its 200 day moving average is $58.94.
Brink’s Company (The) (NYSE:BCO) last issued its quarterly earnings data on Wednesday, July 26th. The business services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.46 by $0.18. The firm had revenue of $806 million during the quarter, compared to the consensus estimate of $730.87 million. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. On average, equities analysts anticipate that Brink’s Company will post $3.02 EPS for the current year.
Brink’s Company (The) declared that its board has initiated a share buyback program on Monday, May 8th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, July 27th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Tuesday, July 25th. Brink’s Company (The)’s dividend payout ratio (DPR) is 35.71%.
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Several research analysts recently issued reports on the company. Imperial Capital raised their target price on Brink’s Company (The) from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, July 17th. Zacks Investment Research raised Brink’s Company (The) from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Brink’s Company (The) presently has an average rating of “Buy” and a consensus target price of $59.33.
In related news, CAO Mcalister C. Marshall II sold 4,848 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $77.67, for a total value of $376,544.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas A. Pertz purchased 9,600 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average cost of $61.00 per share, with a total value of $585,600.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 1,089,725 shares of company stock valued at $72,969,347. Insiders own 10.40% of the company’s stock.
About Brink’s Company (The)
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.
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