Norges Bank Purchases New Holdings in Brink’s (BCO)

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Norges Bank purchased a new stake in Brink’s (NYSE:BCO) in the 4th quarter, HoldingsChannel reports. The fund purchased 519,919 shares of the business services provider’s stock, valued at approximately $33,613,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new stake in Brink’s in the 4th quarter valued at $44,000. NumerixS Investment Technologies Inc acquired a new stake in Brink’s in the 4th quarter valued at $44,000. Bremer Trust National Association acquired a new stake in Brink’s in the 4th quarter valued at $86,000. ETF Managers Group LLC increased its holdings 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 in the last quarter. Finally, Ffcm LLC increased its holdings in Brink’s by 1,899.1% in the 4th quarter. Ffcm LLC now owns 2,199 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 2,089 shares in the last quarter. Hedge funds and other institutional investors own 98.36% of the company’s stock.

Shares of NYSE BCO opened at $79.25 on Wednesday. Brink’s has a 12-month low of $59.08 and a 12-month high of $85.00. The firm has a market capitalization of $3.95 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.30 and a beta of 1.58. The company has a debt-to-equity ratio of 8.83, a current ratio of 1.42 and a quick ratio of 1.42.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, February 6th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.05. Brink’s had a positive return on equity of 68.11% and a negative net margin of 0.96%. The firm had revenue of $907.70 million during the quarter, compared to the consensus estimate of $925.06 million. During the same period in the prior year, the firm earned $0.95 EPS. The firm’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts forecast that Brink’s will post 4.21 earnings per share for the current year.

Separately, Zacks Investment Research upgraded Brink’s from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $96.67.

In other news, Director Susan E. Docherty sold 9,400 shares of the firm’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $77.39, for a total transaction of $727,466.00. Following the completion of the sale, the director now directly owns 8,301 shares in the company, valued at $642,414.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amit Zukerman sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $75.62, for a total value of $756,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 18,000 shares of company stock valued at $1,309,720 and sold 23,924 shares valued at $1,829,571. 1.05% of the stock is currently owned by corporate insiders.

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Brink’s Company Profile

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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