Prudential Financial Inc. lowered its holdings in shares of Brink’s Company (The) (NYSE:BCO) by 18.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 363,270 shares of the business services provider’s stock after selling 84,930 shares during the quarter. Prudential Financial Inc. owned 0.72% of Brink’s Company (The) worth $30,606,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in Brink’s Company (The) by 285.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,540 shares of the business services provider’s stock valued at $103,000 after buying an additional 1,140 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in Brink’s Company (The) in the 2nd quarter valued at approximately $114,000. Meeder Asset Management Inc. acquired a new stake in Brink’s Company (The) in the 3rd quarter valued at approximately $128,000. Seven Eight Capital LP acquired a new stake in Brink’s Company (The) in the 2nd quarter valued at approximately $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Brink’s Company (The) by 93.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock valued at $155,000 after buying an additional 1,118 shares during the last quarter. 89.86% of the stock is currently owned by institutional investors.
Brink’s Company (NYSE:BCO) opened at $77.75 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.21 and a current ratio of 1.21. Brink’s Company has a one year low of $38.48 and a one year high of $87.30. The company has a market capitalization of $3,955.37, a P/E ratio of 26.92 and a beta of 1.70.
Brink’s Company (The) (NYSE:BCO) last issued its earnings results on Wednesday, October 25th. The business services provider reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.08. Brink’s Company (The) had a return on equity of 35.15% and a net margin of 2.51%. The company had revenue of $849.50 million during the quarter, compared to the consensus estimate of $841.57 million. During the same period in the previous year, the company posted $0.64 EPS. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. research analysts anticipate that Brink’s Company will post 3.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.60 annualized dividend and a dividend yield of 0.77%. Brink’s Company (The)’s dividend payout ratio is currently 37.97%.
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A number of equities research analysts recently issued reports on the company. lowered Brink’s Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. upgraded Brink’s Company (The) from an “in-line” rating to an “outperform” rating and raised their price target for the company from $72.00 to $86.00 in a research note 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 research note on Wednesday, October 18th. started coverage on Brink’s Company (The) in a research note on Friday, October 20th. They issued a “buy” rating for the company. Finally, 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 research note on Tuesday, October 10th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Brink’s Company (The) currently has a consensus rating of “Buy” and a consensus price target of $93.67.
In related news, Director Peter A. Feld sold 60,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $75.81, for a total value of $4,548,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter A. Feld sold 75,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $75.72, for a total value of $5,679,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 15,150 shares of company stock valued at $1,163,463 and have sold 162,000 shares valued at $12,410,010. Insiders own 10.40% of the company’s stock.
About Brink’s Company (The)
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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