Tower Research Capital LLC TRC Takes Position in Brink’s Co. (BCO)
Tower Research Capital LLC TRC acquired a new position in Brink’s Co. (NYSE:BCO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,473 shares of the company’s stock, valued at approximately $156,000.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Brink’s by 15.1% in the second quarter. Vanguard Group Inc. now owns 4,374,216 shares of the company’s stock worth $124,623,000 after buying an additional 574,750 shares in the last quarter. BlackRock Fund Advisors raised its position in Brink’s by 0.5% in the first quarter. BlackRock Fund Advisors now owns 3,091,947 shares of the company’s stock worth $103,858,000 after buying an additional 13,874 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Brink’s by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,682,372 shares of the company’s stock worth $47,930,000 after buying an additional 50,226 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Brink’s by 20.4% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,334,874 shares of the company’s stock worth $38,031,000 after buying an additional 225,873 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in Brink’s by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,195,487 shares of the company’s stock worth $40,156,000 after buying an additional 9,467 shares in the last quarter. 93.07% of the stock is currently owned by institutional investors.
Shares of Brink’s Co. (NYSE:BCO) opened at 38.08 on Friday. The firm has a 50-day moving average price of $36.48 and a 200-day moving average price of $32.71. Brink’s Co. has a one year low of $25.87 and a one year high of $38.16. The company has a market capitalization of $1.89 billion, a P/E ratio of 2004.21 and a beta of 1.54.
Brink’s (NYSE:BCO) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.26 by $0.12. The firm had revenue of $739.50 million for the quarter, compared to analyst estimates of $699.03 million. Brink’s had a return on equity of 22.23% and a net margin of 0.04%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 EPS. Equities analysts forecast that Brink’s Co. will post $2.00 earnings per share for the current year.
A number of equities analysts recently commented on BCO shares. Imperial Capital raised Brink’s from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $31.50 to $38.00 in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded Brink’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Macquarie lifted their target price on Brink’s from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, September 16th.
In related news, CFO Ronald James Domanico bought 16,744 shares of the company’s stock in a transaction that occurred on Thursday, July 14th. The stock was bought at an average cost of $29.86 per share, for a total transaction of $499,975.84. Following the acquisition, the chief financial officer now directly owns 16,744 shares of the company’s stock, valued at approximately $499,975.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amit Zukerman sold 10,518 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $36.69, for a total value of $385,905.42. The disclosure for this sale can be found here. Insiders own 11.29% of the company’s stock.
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company’s solutions include cash-in-transit, automated teller machine (ATM) replenishment and maintenance, international transportation of valuables, cash management and payment services, to financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world.
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