23,292 Shares in Brink’s (BCO) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in Brink’s (NYSE:BCO) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,292 shares of the business services provider’s stock, valued at approximately $1,662,000.

A number of other hedge funds also recently made changes to their positions in BCO. Teacher Retirement System of Texas raised its position in Brink’s by 317.8% in the fourth quarter. Teacher Retirement System of Texas now owns 15,622 shares of the business services provider’s stock worth $1,229,000 after acquiring an additional 11,883 shares during the period. Swiss National Bank raised its position in Brink’s by 2.5% in the fourth quarter. Swiss National Bank now owns 77,400 shares of the business services provider’s stock worth $6,091,000 after acquiring an additional 1,900 shares during the period. Sei Investments Co. raised its position in Brink’s by 415.6% in the fourth quarter. Sei Investments Co. now owns 71,229 shares of the business services provider’s stock worth $5,606,000 after acquiring an additional 57,413 shares during the period. First Trust Advisors LP raised its position in Brink’s by 21.2% in the fourth quarter. First Trust Advisors LP now owns 43,953 shares of the business services provider’s stock worth $3,459,000 after acquiring an additional 7,702 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Brink’s by 9.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 116,765 shares of the business services provider’s stock worth $9,189,000 after acquiring an additional 9,595 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Brink’s opened at $81.95 on Wednesday, according to MarketBeat.com. Brink’s has a 12-month low of $65.90 and a 12-month high of $88.10. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $4.17 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.11 and a beta of 1.79.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, April 25th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. Brink’s had a net margin of 0.12% and a return on equity of 39.12%. The company had revenue of $853.00 million for the quarter, compared to analyst estimates of $802.83 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. research analysts predict that Brink’s will post 3.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 18th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, May 17th. Brink’s’s dividend payout ratio (DPR) is currently 19.80%.

BCO has been the topic of several research reports. Zacks Investment Research raised shares of Brink’s from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Tuesday, April 10th. ValuEngine raised shares of Brink’s from a “hold” rating to a “buy” rating in a research report on Friday, April 6th. Buckingham Research started coverage on shares of Brink’s in a research report on Monday, March 26th. They issued a “buy” rating and a $100.00 price target on the stock. Finally, TheStreet raised shares of Brink’s from a “c+” rating to a “b-” rating in a research report on Tuesday, June 12th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Brink’s currently has a consensus rating of “Buy” and an average target price of $96.80.

In related news, SVP Mcalister C. Marshall II sold 18,163 shares of the company’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $79.76, for a total transaction of $1,448,680.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas Colan sold 9,197 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $79.00, for a total transaction of $726,563.00. The disclosure for this sale can be found here. In the last three months, insiders sold 33,280 shares of company stock worth $2,641,009. Insiders own 2.48% of the company’s stock.

Brink’s Profile

The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. 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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