Capital Fund Management S.A. lifted its position in shares of Brink’s (NYSE:BCO) by 261.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,933 shares of the business services provider’s stock after buying an additional 86,782 shares during the period. Capital Fund Management S.A. owned approximately 0.24% of Brink’s worth $9,439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cypress Capital Management LLC WY purchased a new position in Brink’s in the 3rd quarter valued at approximately $122,000. Meeder Asset Management Inc. acquired a new position in Brink’s in the third quarter valued at $128,000. PNC Financial Services Group Inc. increased its stake in Brink’s by 493.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the business services provider’s stock valued at $180,000 after purchasing an additional 2,227 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Brink’s by 105.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,670 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 1,370 shares during the period. Finally, Haverford Trust Co. acquired a new position in Brink’s in the third quarter valued at $233,000. Institutional investors and hedge funds own 92.33% of the company’s stock.
Several analysts have recently weighed in on BCO shares. Zacks Investment Research raised shares of Brink’s from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Monday, January 15th. Sidoti raised shares of Brink’s from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. Gabelli raised shares of Brink’s from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. ValuEngine lowered shares of Brink’s from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Imperial Capital reiterated an “outperform” rating and set a $100.00 price objective (up from $86.00) on shares of Brink’s in a research note on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $93.50.
Shares of Brink’s (BCO) traded up $2.10 during trading hours on Friday, hitting $72.45. 354,696 shares of the company’s stock were exchanged, compared to its average volume of 464,403. The firm has a market capitalization of $3,557.98, a PE ratio of 233.71, a price-to-earnings-growth ratio of 0.91 and a beta of 1.77. Brink’s has a 52 week low of $47.30 and a 52 week high of $88.10. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.37.
Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). The firm had revenue of $903.00 million during the quarter, compared to analyst estimates of $851.35 million. Brink’s had a return on equity of 36.76% and a net margin of 0.50%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS. sell-side analysts predict that Brink’s will post 3.76 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Brink’s’s dividend payout ratio (DPR) is 193.55%.
In related news, Director George I. Stoeckert purchased 2,700 shares of Brink’s stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average cost of $80.55 per share, with a total value of $217,485.00. Following the completion of the transaction, the director now directly owns 12,014 shares of the company’s stock, valued at $967,727.70. The transaction was disclosed in a legal filing with the Securities Exchange Commission, which can be accessed through the SEC website. Also, Director George I. Stoeckert acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $75.87 per share, for a total transaction of $151,740.00. Following the transaction, the director now owns 15,714 shares of the company’s stock, valued at approximately $1,192,221.18. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 20,200 shares of company stock valued at $1,499,255. Insiders own 10.40% of the company’s stock.
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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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