DSAM Partners London Ltd Acquires New Holdings in Brink’s Company (The) (BCO)
DSAM Partners London Ltd acquired a new stake in Brink’s Company (The) (NYSE:BCO) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 294,359 shares of the business services provider’s stock, valued at approximately $24,800,000. Brink’s Company (The) comprises approximately 3.5% of DSAM Partners London Ltd’s investment portfolio, making the stock its 13th biggest position. DSAM Partners London Ltd owned about 0.58% of Brink’s Company (The) as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in Brink’s Company (The) by 285.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 1,140 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Brink’s Company (The) in the second quarter valued at about $114,000. Meeder Asset Management Inc. bought a new stake in shares of Brink’s Company (The) in the third quarter worth about $128,000. Seven Eight Capital LP bought a new stake in shares of Brink’s Company (The) in the second quarter worth about $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Brink’s Company (The) by 93.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock worth $155,000 after acquiring an additional 1,118 shares in the last quarter. Institutional investors and hedge funds own 90.53% of the company’s stock.
Several brokerages have issued reports on BCO. ValuEngine downgraded Brink’s Company (The) from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Imperial Capital upgraded Brink’s Company (The) from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $72.00 to $86.00 in a report on Wednesday, August 9th. SunTrust Banks, Inc. restated a “buy” rating and issued a $98.00 price target on shares of Brink’s Company (The) in a report on Wednesday, October 18th. Sidoti began coverage on Brink’s Company (The) in a report on Friday, October 20th. They issued a “buy” rating for the company. Finally, Zacks Investment Research upgraded Brink’s Company (The) from a “hold” rating to a “strong-buy” rating and set a $97.00 price target for the company in a report on Tuesday, October 10th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Brink’s Company (The) currently has an average rating of “Buy” and an average price target of $93.67.
Brink’s Company (The) (NYSE:BCO) last issued its quarterly earnings data on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. The firm had revenue of $849.50 million during the quarter, compared to analyst estimates of $841.57 million. Brink’s Company (The) had a return on equity of 35.15% and a net margin of 2.51%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Friday, November 10th. Brink’s Company (The)’s dividend payout ratio is currently 37.97%.
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In other Brink’s Company (The) news, Director Peter A. Feld sold 27,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $80.83, for a total transaction of $2,182,410.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas A. Pertz acquired 1,280 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were bought at an average cost of $78.00 per share, with a total value of $99,840.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 12,150 shares of company stock valued at $932,913 and have sold 288,690 shares valued at $22,098,477. Insiders own 10.40% of the company’s stock.
Brink’s Company (The) Profile
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.
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