Great West Life Assurance Co. Can reduced its holdings in Brink’s Company (The) (NYSE:BCO) by 54.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,136 shares of the business services provider’s stock after selling 36,465 shares during the quarter. Great West Life Assurance Co. Can owned about 0.06% of Brink’s worth $2,496,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Aperio Group LLC grew its stake in Brink’s by 16.1% in the second quarter. Aperio Group LLC now owns 12,789 shares of the business services provider’s stock valued at $857,000 after acquiring an additional 1,772 shares during the period. Daiwa Securities Group Inc. acquired a new stake in Brink’s in the second quarter valued at approximately $114,000. World Asset Management Inc acquired a new stake in Brink’s in the second quarter valued at approximately $201,000. Arizona State Retirement System grew its stake in Brink’s by 0.4% in the second quarter. Arizona State Retirement System now owns 23,608 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 100 shares during the period. Finally, First Trust Advisors LP grew its stake in Brink’s by 330.5% in the second quarter. First Trust Advisors LP now owns 43,147 shares of the business services provider’s stock valued at $2,891,000 after acquiring an additional 33,125 shares during the period. Institutional investors and hedge funds own 90.56% of the company’s stock.
A number of brokerages have commented on BCO. SunTrust Banks reissued a “buy” rating and issued a $98.00 price objective on shares of Brink’s in a research note on Wednesday, October 18th. Sidoti began coverage on Brink’s in a research note on Friday, October 20th. They issued a “buy” rating for the company. ValuEngine cut Brink’s from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised Brink’s from a “hold” rating to a “strong-buy” rating and set a $97.00 price objective for the company in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Brink’s presently has an average rating of “Buy” and a consensus price target of $93.67.
Shares of Brink’s Company (NYSE BCO) traded down $1.60 during trading hours on Friday, hitting $79.15. The company had a trading volume of 538,700 shares, compared to its average volume of 421,417. The stock has a market capitalization of $4,076.53, a PE ratio of 27.75 and a beta of 1.71. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.21 and a current ratio of 1.21. Brink’s Company has a one year low of $40.95 and a one year high of $87.30.
Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.08. The company had revenue of $849.50 million for the quarter, compared to analysts’ expectations of $841.57 million. Brink’s had a return on equity of 35.15% and a net margin of 2.51%. Brink’s’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 earnings per share. analysts anticipate that Brink’s Company will post 3.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.60 annualized dividend and a dividend yield of 0.76%. Brink’s’s payout ratio is 37.97%.
COPYRIGHT VIOLATION WARNING: “Brink’s Company (The) (BCO) Shares Sold by Great West Life Assurance Co. Can” was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://stocknewstimes.com/2017/12/15/brinks-company-the-bco-shares-sold-by-great-west-life-assurance-co-can.html.
The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.
Receive News & Ratings for Brink's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's and related companies with MarketBeat.com's FREE daily email newsletter.