UBS Asset Management Americas Inc. Boosts Position in Brink’s Co. (BCO)
UBS Asset Management Americas Inc. increased its position in Brink’s Co. (NYSE:BCO) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,565 shares of the company’s stock after buying an additional 832 shares during the period. UBS Asset Management Americas Inc. owned 0.09% of Brink’s worth $1,213,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of BCO. BlackRock Inc. increased its position in shares of 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 period. Cutler Group LP increased its position in shares of Brink’s by 69.9% in the first quarter. Cutler Group LP now owns 6,023 shares of the company’s stock worth $202,000 after buying an additional 2,479 shares during the period. Societe Generale bought a new position in shares of Brink’s during the second quarter worth about $276,000. BB&T Securities LLC increased its position in shares of Brink’s by 26.5% in the first quarter. BB&T Securities LLC now owns 9,731 shares of the company’s stock worth $326,000 after buying an additional 2,040 shares during the period. Finally, Stoneridge Investment Partners LLC bought a new position in shares of Brink’s during the second quarter worth about $328,000. Institutional investors own 93.07% of the company’s stock.
Shares of Brink’s Co. (NYSE:BCO) traded down 0.56% during midday trading on Friday, reaching $37.04. The company’s stock had a trading volume of 261,235 shares. Brink’s Co. has a 12-month low of $25.87 and a 12-month high of $38.16. The company has a market capitalization of $1.83 billion, a P/E ratio of 1949.47 and a beta of 1.54. The company’s 50-day moving average price is $36.48 and its 200 day moving average price 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, topping analysts’ consensus estimates of $0.26 by $0.12. Brink’s had a return on equity of 22.23% and a net margin of 0.04%. The firm earned $739.50 million during the quarter, compared to analysts’ expectations of $699.03 million. During the same period in the prior year, the business earned $0.27 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities research analysts forecast that Brink’s Co. will post $2.00 earnings per share for the current year.
A number of brokerages have recently issued reports on BCO. Zacks Investment Research upgraded Brink’s from a “sell” rating to a “hold” rating in a research report on Wednesday, July 27th. Imperial Capital restated an “in-line” rating and set a $31.50 price objective on shares of Brink’s in a research report on Friday, July 15th. Finally, Macquarie raised their price objective on Brink’s from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, September 16th.
In related news, insider Thomas Colan sold 935 shares of the stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $37.70, for a total transaction of $35,249.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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. 11.29% of the stock is owned by insiders.
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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