Brink’s Company (The) (BCO) Shares Sold by Great West Life Assurance Co. Can

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.

In related news, insider Douglas A. Pertz bought 6,570 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were bought at an average price of $76.18 per share, with a total value of $500,502.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George I. Stoeckert purchased 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were acquired at an average price of $80.55 per share, for a total transaction of $217,485.00. Following the completion of the acquisition, the director now directly owns 12,014 shares of the company’s stock, valued at approximately $967,727.70. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 18,850 shares of company stock worth $1,461,348. 10.40% of the stock is owned by insiders.

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%.

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Brink’s Profile

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.

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

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