Great West Life Assurance Co. Can Sells 404 Shares of Brink’s (NYSE:BCO)

Great West Life Assurance Co. Can decreased its holdings in shares of Brink’s (NYSE:BCO) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,104 shares of the business services provider’s stock after selling 404 shares during the quarter. Great West Life Assurance Co. Can owned 0.06% of Brink’s worth $2,344,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantamental Technologies LLC bought a new position in shares of Brink’s during the 4th quarter worth approximately $44,000. NumerixS Investment Technologies Inc bought a new position in Brink’s in the 4th quarter valued at $44,000. Bremer Trust National Association bought a new position in Brink’s in the 4th quarter valued at $86,000. ETF Managers Group LLC grew its stake in Brink’s by 18.1% in the 4th quarter. ETF Managers Group LLC now owns 1,865 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 286 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Brink’s in the 1st quarter valued at $150,000. 98.36% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Thomas Colan sold 6,374 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $83.51, for a total value of $532,292.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Amit Zukerman sold 5,000 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $80.00, for a total value of $400,000.00. The disclosure for this sale can be found here. Insiders have sold 33,320 shares of company stock worth $2,686,656 over the last 90 days. 1.05% of the stock is currently owned by corporate insiders.

Brink’s stock traded up $0.50 during trading hours on Friday, reaching $81.18. The company had a trading volume of 471,942 shares, compared to its average volume of 299,037. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 1.33 and a beta of 1.51. Brink’s has a 12-month low of $59.08 and a 12-month high of $86.34. The stock has a 50-day simple moving average of $79.75. The company has a debt-to-equity ratio of 8.90, a quick ratio of 1.37 and a current ratio of 1.37.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.07. Brink’s had a positive return on equity of 86.38% and a negative net margin of 1.19%. The firm had revenue of $905.00 million for the quarter, compared to analyst estimates of $914.08 million. During the same period last year, the company earned $0.65 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Analysts anticipate that Brink’s will post 4.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.60 annualized dividend and a dividend yield of 0.74%. Brink’s’s dividend payout ratio is presently 17.34%.

Separately, Zacks Investment Research downgraded Brink’s from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Brink’s presently has an average rating of “Buy” and a consensus target price of $90.00.

About Brink’s

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. 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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Institutional Ownership by Quarter for Brink`s (NYSE:BCO)

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