Pacer Advisors Inc. Sells 1,418 Shares of Brink’s (NYSE:BCO)

Pacer Advisors Inc. lowered its stake in shares of Brink’s (NYSE:BCO) by 7.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,479 shares of the business services provider’s stock after selling 1,418 shares during the quarter. Pacer Advisors Inc.’s holdings in Brink’s were worth $1,533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BCO. Retirement Systems of Alabama boosted its holdings in Brink’s by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 64,865 shares of the business services provider’s stock valued at $5,266,000 after acquiring an additional 240 shares during the period. Sciencast Management LP boosted its holdings in Brink’s by 8.3% during the 2nd quarter. Sciencast Management LP now owns 3,900 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 300 shares during the period. ETF Managers Group LLC boosted its holdings in Brink’s by 20.8% during the 2nd quarter. ETF Managers Group LLC now owns 2,431 shares of the business services provider’s stock valued at $196,000 after acquiring an additional 418 shares during the period. FNY Investment Advisers LLC boosted its holdings in Brink’s by 25.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 2,500 shares of the business services provider’s stock valued at $202,000 after acquiring an additional 500 shares during the period. Finally, Arizona State Retirement System boosted its holdings in Brink’s by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 36,194 shares of the business services provider’s stock valued at $2,938,000 after acquiring an additional 546 shares during the period.

A number of equities analysts recently issued reports on BCO shares. Zacks Investment Research upgraded Brink’s from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Buckingham Research dropped their price objective on Brink’s from $115.00 to $105.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. ValuEngine cut Brink’s from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Finally, Imperial Capital upped their target price on Brink’s from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. They noted that the move was a valuation call.

Shares of BCO stock opened at $85.58 on Thursday. Brink’s has a twelve month low of $59.08 and a twelve month high of $93.81. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 24.73 and a beta of 1.49. The stock has a fifty day simple moving average of $80.59 and a two-hundred day simple moving average of $81.49. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 7.91.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, July 24th. The business services provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.01. Brink’s had a return on equity of 92.10% and a net margin of 2.20%. The business had revenue of $914.00 million during the quarter, compared to analysts’ expectations of $898.98 million. During the same period in the prior year, the business earned $0.74 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts predict that Brink’s will post 3.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, November 7th. Brink’s’s dividend payout ratio is 17.34%.

Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. 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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Institutional Ownership by Quarter for Brink`s (NYSE:BCO)

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