Brink’s (BCO) Position Reduced by Prudential Financial Inc.

Prudential Financial Inc. lowered its holdings in shares of Brink’s (NYSE:BCO) by 52.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,027 shares of the business services provider’s stock after selling 120,733 shares during the period. Prudential Financial Inc. owned approximately 0.22% of Brink’s worth $7,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its position in shares of Brink’s by 30.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 6,586 shares of the business services provider’s stock valued at $525,000 after buying an additional 1,529 shares during the last quarter. TD Asset Management Inc. grew its position in shares of Brink’s by 18.9% in the 2nd quarter. TD Asset Management Inc. now owns 44,094 shares of the business services provider’s stock valued at $3,516,000 after buying an additional 7,000 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of Brink’s in the 2nd quarter valued at $17,890,000. Fiera Capital Corp grew its position in Brink’s by 13.1% during the 2nd quarter. Fiera Capital Corp now owns 96,886 shares of the business services provider’s stock worth $7,726,000 after purchasing an additional 11,232 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Brink’s during the 2nd quarter worth $1,096,000.

Shares of Brink’s stock opened at $63.69 on Friday. Brink’s has a 1 year low of $61.47 and a 1 year high of $88.10. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 5.89. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 1.29 and a beta of 1.59.

Brink’s (NYSE:BCO) last issued its quarterly earnings data 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. Brink’s had a negative net margin of 3.46% and a positive return on equity of 56.86%. The company had revenue of $852.00 million for the quarter, compared to the consensus estimate of $843.96 million. During the same period last year, the firm posted $0.83 EPS. Brink’s’s revenue for the quarter was up .3% on a year-over-year basis. On average, research analysts forecast that Brink’s will post 3.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Friday, November 9th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.94%. The ex-dividend date was Thursday, November 8th. Brink’s’s payout ratio is currently 19.80%.

Several research analysts have issued reports on BCO shares. Zacks Investment Research downgraded shares of Brink’s from a “hold” rating to a “sell” rating in a research report on Friday, September 14th. Berenberg Bank started coverage on shares of Brink’s in a research report on Wednesday, September 12th. They set a “buy” rating and a $90.00 price objective on the stock. ValuEngine downgraded shares of Brink’s from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Finally, SunTrust Banks lowered their price objective on shares of Brink’s to $90.00 and set a “buy” rating on the stock in a research report on Monday, October 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Brink’s currently has an average rating of “Buy” and an average price target of $94.33.

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Brink’s Profile

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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Institutional Ownership by Quarter for Brink`s (NYSE:BCO)

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