Eos Focused Equity Management L.P. lessened its holdings in Brink’s (NYSE:BCO) by 12.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,639 shares of the business services provider’s stock after selling 10,952 shares during the quarter. Brink’s accounts for approximately 6.2% of Eos Focused Equity Management L.P.’s holdings, making the stock its 5th biggest holding. Eos Focused Equity Management L.P. owned approximately 0.15% of Brink’s worth $5,136,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Brink’s by 54.4% in the 2nd quarter. Bank of America Corp DE now owns 354,276 shares of the business services provider’s stock valued at $28,253,000 after purchasing an additional 124,829 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Brink’s by 36.3% in the 2nd 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 in the last quarter. Clinton Group Inc. acquired a new stake in shares of Brink’s in the 3rd quarter valued at $798,000. MetLife Investment Advisors LLC boosted its stake in shares of Brink’s by 5.2% in the 2nd quarter. MetLife Investment Advisors LLC now owns 54,876 shares of the business services provider’s stock valued at $4,376,000 after purchasing an additional 2,716 shares in the last quarter. Finally, Greencape Capital Pty Ltd boosted its stake in shares of Brink’s by 6.3% in the 3rd quarter. Greencape Capital Pty Ltd now owns 1,811,231 shares of the business services provider’s stock valued at $126,333,000 after purchasing an additional 107,011 shares in the last quarter. Institutional investors own 98.13% of the company’s stock.
Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Brink’s from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. TheStreet downgraded shares of Brink’s from a “b-” rating to a “c” rating in a research note on Wednesday, August 1st. ValuEngine downgraded shares of Brink’s from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Berenberg Bank assumed coverage on shares of Brink’s in a research note on Wednesday, September 12th. They issued a “buy” rating and a $90.00 target price on the stock. Finally, SunTrust Banks reduced their target price on shares of Brink’s to $90.00 and set a “buy” rating on the stock in a research note on Monday, October 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Brink’s presently has a consensus rating of “Buy” and an average price target of $94.33.
Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, October 24th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.11. The business had revenue of $852.00 million for the quarter, compared to the consensus estimate of $843.96 million. Brink’s had a negative net margin of 3.46% and a positive return on equity of 56.86%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. On average, sell-side analysts forecast that Brink’s will post 3.32 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 9th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.60 annualized dividend and a yield of 0.87%. Brink’s’s dividend payout ratio (DPR) is 19.80%.
In related news, CFO Ronald James Domanico purchased 2,000 shares of Brink’s stock in a transaction that occurred on Friday, September 7th. The shares were acquired at an average price of $69.45 per share, for a total transaction of $138,900.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.48% of the stock is owned by corporate insiders.
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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