Brink’s (BCO) Holdings Reduced by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio reduced its stake in Brink’s (NYSE:BCO) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,757 shares of the business services provider’s stock after selling 1,100 shares during the period. Public Employees Retirement System of Ohio’s holdings in Brink’s were worth $1,257,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in BCO. Vaughan Nelson Investment Management L.P. increased its stake in Brink’s by 36.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,369,402 shares of the business services provider’s stock valued at $109,210,000 after purchasing an additional 364,925 shares during the last quarter. BlackRock Inc. grew its position in shares of Brink’s by 6.0% during the second quarter. BlackRock Inc. now owns 5,615,155 shares of the business services provider’s stock worth $447,808,000 after acquiring an additional 319,584 shares during the last quarter. Monarch Partners Asset Management LLC grew its position in shares of Brink’s by 123.2% during the second quarter. Monarch Partners Asset Management LLC now owns 440,810 shares of the business services provider’s stock worth $35,155,000 after acquiring an additional 243,343 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Brink’s during the second quarter worth approximately $17,890,000. Finally, Fuller & Thaler Asset Management Inc. grew its position in shares of Brink’s by 20.8% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,293,132 shares of the business services provider’s stock worth $103,127,000 after acquiring an additional 222,867 shares during the last quarter. Institutional investors own 98.32% of the company’s stock.
In other news, CFO Ronald James Domanico acquired 2,000 shares of the stock in a transaction that occurred on Friday, September 7th. The shares were purchased at an average cost of $69.45 per share, for a total transaction of $138,900.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Amit Zukerman sold 5,000 shares of Brink’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $79.41, for a total transaction of $397,050.00. The disclosure for this sale can be found here. Company insiders own 2.48% of the company’s stock.
Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, July 25th. The business services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The business had revenue of $850.00 million for the quarter, compared to analyst estimates of $795.75 million. Brink’s had a negative net margin of 3.39% and a positive return on equity of 46.24%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. Analysts anticipate that Brink’s will post 3.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 9th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. Brink’s’s dividend payout ratio (DPR) is 19.80%.
A number of equities analysts have recently issued reports on BCO shares. ValuEngine upgraded shares of Brink’s from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Berenberg Bank started coverage on shares of Brink’s in a research report on Wednesday, September 12th. They set a “buy” rating and a $90.00 target price on the stock. TheStreet lowered shares of Brink’s from a “b-” rating to a “c” rating in a research report on Wednesday, August 1st. Finally, Zacks Investment Research upgraded shares of Brink’s from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. Brink’s presently has a consensus rating of “Buy” and an average price target of $95.67.
The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. 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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