Redwood Investments LLC raised its position in Brink’s (NYSE:BCO) by 19.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 318,218 shares of the business services provider’s stock after buying an additional 51,169 shares during the quarter. Brink’s comprises about 1.8% of Redwood Investments LLC’s holdings, making the stock its 6th largest position. Redwood Investments LLC’s holdings in Brink’s were worth $23,997,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of BCO. Quantamental Technologies LLC purchased a new position in Brink’s during the fourth quarter worth about $44,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Brink’s in the 4th quarter worth approximately $44,000. Bremer Trust National Association purchased a new stake in shares of Brink’s in the 4th quarter worth approximately $86,000. ETF Managers Group LLC grew its stake in shares of 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 worth $121,000 after buying an additional 286 shares during the last quarter. Finally, Ffcm LLC grew its stake in shares of Brink’s by 1,899.1% in the 4th quarter. Ffcm LLC now owns 2,199 shares of the business services provider’s stock worth $142,000 after buying an additional 2,089 shares during the last quarter. Hedge funds and other institutional investors own 98.36% of the company’s stock.
Shares of Brink’s stock traded down $0.32 during midday trading on Friday, hitting $77.72. The company had a trading volume of 1,160 shares, compared to its average volume of 375,787. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 8.90. The company has a market capitalization of $3.89 billion, a P/E ratio of 22.49, a PEG ratio of 1.28 and a beta of 1.57. Brink’s has a 52-week low of $59.08 and a 52-week high of $86.34.
Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.79 earnings per share for the quarter, topping the 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 company had revenue of $905.00 million for the quarter, compared to the consensus estimate of $914.08 million. During the same quarter in the prior year, the business posted $0.65 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts expect that Brink’s will post 4.22 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.77%. Brink’s’s dividend payout ratio is 17.34%.
In other Brink’s news, SVP Rohan Pal sold 4,524 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $76.46, for a total transaction of $345,905.04. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Ronald James Domanico bought 3,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were acquired at an average price of $72.39 per share, for a total transaction of $217,170.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 18,000 shares of company stock worth $1,309,720 and have sold 37,844 shares worth $3,032,561. Company insiders own 1.05% of the company’s stock.
Separately, Zacks Investment Research downgraded Brink’s from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $96.67.
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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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