The Brink’s Company (NYSE:BCO) position removed by Lindbrook Capital LLC
Lindbrook Capital LLC reduced its stake in The Brink’s Company (New York Stock Exchange: BCO – Get a rating) by 53.5% during the first quarter, HoldingsChannel.com reports. The institutional investor held 593 shares of the business services provider after selling 682 shares during the quarter. Lindbrook Capital LLC’s holdings in Brink’s were worth $40,000 when it last filed with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its stake in Brink’s by 62.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 600 shares of the business services provider valued at $39,000 after buying 231 additional shares in the last quarter. AE Wealth Management LLC increased its stake in Brink’s by 10.4% in the first quarter. AE Wealth Management LLC now owns 3,605 shares of the business services provider valued at $245,000 after buying an additional 340 shares in the last quarter. Raymond James & Associates increased its stake in Brink’s by 1.4% in the fourth quarter. Raymond James & Associates now owns 29,457 shares of the business services provider valued at $1,931,000 after buying 407 additional shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Brink’s by 14.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,210 shares of the business services provider valued at $276,000 after buying an additional 520 shares in the last quarter. Finally, Connable Office Inc. increased its stake in Brink’s by 15.0% in the fourth quarter. Connable Office Inc. now owns 5,262 shares of the business services provider valued at $345,000 after buying 688 additional shares in the last quarter. Institutional investors hold 99.61% of the company’s shares.
Separately, StockNews.com upgraded Brink’s from a “buy” rating to a “strong buy” rating in a Monday, June 27 report.
In other news, Executive Vice President Simon Davis bought 8,500 shares in a trade that took place on Friday, June 10. The shares were purchased at an average cost of $59.35 per share, with a total value of $504,475.00. Following the completion of the acquisition, the executive vice president now directly owns 39,534 shares of the company, valued at $2,346,342.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. 3.72% of the shares are held by insiders.
Shares of BCO opened at $60.24 on Tuesday. The company has a market capitalization of $2.83 billion, a price-earnings ratio of 18.25 and a beta of 1.40. The company has a debt ratio of 8.01, a quick ratio of 1.53 and a current ratio of 1.53. The Brink’s Company has a one-year low of $53.72 and a one-year high of $80.43. The stock’s fifty-day moving average is $58.56 and its 200-day moving average is $64.34.
Brink’s (New York Stock Exchange: BCO – Get a rating) last released its quarterly results on Tuesday, May 10. The business services provider reported EPS of $1.15 for the quarter, beating consensus analyst estimates of $0.94 by $0.21. The company posted revenue of $1.07 billion for the quarter, compared to analysts’ estimates of $1.09 billion. Brink’s had a return on equity of 87.05% and a net margin of 3.75%. The company’s quarterly revenue increased by 9.8% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $0.82. Analysts expect The Brink’s Company to post an EPS of 5.7 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 1. Investors of record on Monday, May 16 received a dividend of $0.20 per share. This represents a dividend of $0.80 on an annualized basis and a yield of 1.33%. The ex-dividend date was Friday, May 13. Brink’s payout ratio is currently 24.24%.
Brink Company Profile (Get a rating)
Brink’s Company provides secure transportation, cash management and other security-related services in North America, Latin America, Europe and internationally. The company offers armored vehicles for transporting valuables; automated teller machine (ATM) management services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatch, transaction processing, l installation and first and second line maintenance services; network infrastructure; and cash-in-transit services.
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