Xact Kapitalforvaltning AB increased its stake in Brink’s (NYSE:BCO) by 58.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,937 shares of the business services provider’s stock after buying an additional 4,400 shares during the period. Xact Kapitalforvaltning AB’s holdings in Brink’s were worth $772,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new stake in shares of Brink’s in the 4th quarter worth approximately $44,000. Bank of Montreal Can grew its stake in shares of Brink’s by 66.3% in the 4th quarter. Bank of Montreal Can now owns 2,229 shares of the business services provider’s stock worth $145,000 after buying an additional 889 shares during the last quarter. Waratah Capital Advisors Ltd. purchased a new stake in shares of Brink’s in the 3rd quarter worth approximately $224,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Brink’s by 12.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,484 shares of the business services provider’s stock worth $225,000 after buying an additional 383 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Brink’s in the 3rd quarter worth approximately $246,000. Institutional investors own 98.31% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Brink’s from a “hold” rating to a “sell” rating in a research note on Thursday, December 27th. SunTrust Banks cut their target price on Brink’s to $90.00 and set a “buy” rating on the stock in a research note on Monday, October 15th. Finally, ValuEngine upgraded Brink’s from a “sell” rating to a “hold” rating in a research note on Saturday, October 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $93.00.
Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, February 6th. The business services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.05. The firm had revenue of $907.70 million for the quarter, compared to analysts’ expectations of $925.06 million. Brink’s had a positive return on equity of 68.11% and a negative net margin of 0.96%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 EPS. As a group, research analysts forecast that Brink’s will post 4.22 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 8th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $0.60 annualized dividend and a dividend yield of 0.78%. Brink’s’s payout ratio is 17.34%.
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Brink’s Company Profile
The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.
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