Principal Financial Group Inc. Raises Stake in Brink’s Co. (BCO)
Principal Financial Group Inc. raised its position in Brink’s Co. (NYSE:BCO) by 1.9% during the second quarter, Holdings Channel reports. The fund owned 347,720 shares of the company’s stock after buying an additional 6,351 shares during the period. Principal Financial Group Inc. owned about 0.70% of Brink’s worth $9,907,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Aperio Group LLC increased its position in Brink’s by 23.2% in the first quarter. Aperio Group LLC now owns 12,408 shares of the company’s stock worth $417,000 after buying an additional 2,339 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Brink’s by 13.2% in the first quarter. TIAA CREF Investment Management LLC now owns 178,446 shares of the company’s stock worth $5,994,000 after buying an additional 20,852 shares during the last quarter. Prudential Financial Inc. increased its position in Brink’s by 82.9% in the first quarter. Prudential Financial Inc. now owns 303,820 shares of the company’s stock worth $10,206,000 after buying an additional 137,700 shares during the last quarter. BlackRock Inc. increased its position in Brink’s by 29.5% in the first quarter. BlackRock Inc. now owns 4,408 shares of the company’s stock worth $147,000 after buying an additional 1,003 shares during the last quarter. Finally, BlackRock Group LTD increased its position in Brink’s by 6.1% in the first quarter. BlackRock Group LTD now owns 75,241 shares of the company’s stock worth $2,527,000 after buying an additional 4,298 shares during the last quarter. 93.07% of the stock is currently owned by institutional investors.
Shares of Brink’s Co. (NYSE:BCO) opened at 37.04 on Friday. Brink’s Co. has a 52-week low of $25.87 and a 52-week high of $38.16. The company has a market cap of $1.83 billion, a PE ratio of 1949.47 and a beta of 1.54. The stock’s 50 day moving average is $36.48 and its 200 day moving average is $32.91.
Brink’s (NYSE:BCO) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.12. Brink’s had a net margin of 0.04% and a return on equity of 22.23%. The firm had revenue of $739.50 million for the quarter, compared to the consensus estimate of $699.03 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts forecast that Brink’s Co. will post $2.00 EPS for the current year.
BCO has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Brink’s from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Imperial Capital restated an “in-line” rating and set a $31.50 target price on shares of Brink’s in a research note on Friday, July 15th. Finally, Macquarie raised their target price on shares of Brink’s from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, September 16th.
In other news, insider Amit Zukerman sold 10,518 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $36.69, for a total transaction of $385,905.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Colan sold 935 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $37.70, for a total transaction of $35,249.50. The disclosure for this sale can be found here. Insiders own 11.29% of the company’s stock.
Brink’s Company Profile
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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