New York State Common Retirement Fund grew its position in Brink’s (NYSE:BCO) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,726 shares of the business services provider’s stock after purchasing an additional 1,500 shares during the quarter. New York State Common Retirement Fund owned approximately 0.14% of Brink’s worth $5,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Falcon Point Capital LLC boosted its position in shares of Brink’s by 0.3% during the first quarter. Falcon Point Capital LLC now owns 50,019 shares of the business services provider’s stock worth $3,772,000 after acquiring an additional 153 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of Brink’s by 9.8% during the fourth quarter. Brown Advisory Inc. now owns 8,520 shares of the business services provider’s stock worth $551,000 after acquiring an additional 762 shares during the last quarter. Sciencast Management LP bought a new position in shares of Brink’s during the first quarter worth $282,000. Texas Permanent School Fund raised its stake in Brink’s by 3.3% during the fourth quarter. Texas Permanent School Fund now owns 33,123 shares of the business services provider’s stock valued at $2,141,000 after purchasing an additional 1,064 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Brink’s by 3.6% during the third quarter. Teachers Advisors LLC now owns 373,581 shares of the business services provider’s stock valued at $26,057,000 after purchasing an additional 13,012 shares in the last quarter. Institutional investors and hedge funds own 98.36% of the company’s stock.
Separately, Zacks Investment Research raised shares of Brink’s from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $90.00.
Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, April 24th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.07. Brink’s had a negative net margin of 1.19% and a positive return on equity of 86.38%. The company had revenue of $905.00 million for the quarter, compared to analysts’ expectations of $914.08 million. During the same period in the prior year, the business earned $0.65 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts predict that Brink’s will post 4.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, May 16th. Brink’s’s payout ratio is 17.34%.
In related news, insider Thomas Colan sold 6,374 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $83.51, for a total value of $532,292.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Amit Zukerman sold 21,946 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $79.94, for a total transaction of $1,754,363.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,320 shares of company stock worth $2,686,656. 1.05% of the stock is owned by company insiders.
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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