Brink’s (BCO) Shares Bought by Texas Permanent School Fund

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Texas Permanent School Fund raised its stake in shares of Brink’s (NYSE:BCO) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,708 shares of the business services provider’s stock after buying an additional 585 shares during the period. Texas Permanent School Fund’s holdings in Brink’s were worth $2,542,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Man Group plc bought a new position in shares of Brink’s during the 3rd quarter valued at about $307,000. Brown Advisory Inc. boosted its position in shares of Brink’s by 9.8% during the 4th quarter. Brown Advisory Inc. now owns 8,520 shares of the business services provider’s stock valued at $551,000 after purchasing an additional 762 shares in the last quarter. Sciencast Management LP bought a new position in shares of Brink’s during the 1st quarter valued at about $282,000. Teachers Advisors LLC boosted its position in shares of Brink’s by 3.6% during the 3rd 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. Finally, Rhumbline Advisers boosted its position in shares of Brink’s by 52.5% during the 4th quarter. Rhumbline Advisers now owns 164,090 shares of the business services provider’s stock valued at $10,608,000 after purchasing an additional 56,461 shares in the last quarter. 98.36% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CFO Ronald James Domanico bought 3,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was bought at an average cost of $72.39 per share, for a total transaction of $217,170.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Rohan Pal sold 4,524 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $76.46, for a total transaction of $345,905.04. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 18,000 shares of company stock valued at $1,309,720 and sold 37,844 shares valued at $3,032,561. Company insiders own 1.05% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Brink’s from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $96.67.

Shares of NYSE:BCO traded down $0.11 during trading hours on Friday, hitting $77.93. 1,374 shares of the company’s stock traded hands, compared to its average volume of 375,787. Brink’s has a 52 week low of $59.08 and a 52 week high of $86.34. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 8.90. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.28 and a beta of 1.57.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.79 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $914.08 million. During the same quarter last year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts forecast that Brink’s will post 4.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Thursday, May 16th. Brink’s’s payout ratio is 17.34%.

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About Brink’s

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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