Brink’s Company (The) $BCO Holdings Lowered by Forum Financial Management LP

Forum Financial Management LP trimmed its stake in shares of Brink’s Company (The) (NYSE:BCO) by 8.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,690 shares of the business services provider’s stock after selling 338 shares during the quarter. Forum Financial Management LP’s holdings in Brink’s were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BCO. American Century Companies Inc. grew its stake in shares of Brink’s by 1.9% in the 1st quarter. American Century Companies Inc. now owns 1,525,099 shares of the business services provider’s stock worth $131,403,000 after purchasing an additional 28,439 shares during the last quarter. Ariel Investments LLC grew its stake in shares of Brink’s by 8.7% in the 1st quarter. Ariel Investments LLC now owns 1,394,284 shares of the business services provider’s stock worth $120,132,000 after purchasing an additional 112,180 shares during the last quarter. Channing Capital Management LLC grew its stake in shares of Brink’s by 7.6% in the 1st quarter. Channing Capital Management LLC now owns 890,700 shares of the business services provider’s stock worth $76,743,000 after purchasing an additional 62,676 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Brink’s by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 546,372 shares of the business services provider’s stock worth $47,075,000 after purchasing an additional 4,524 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Brink’s by 3.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 533,038 shares of the business services provider’s stock worth $45,927,000 after purchasing an additional 15,323 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.

Insider Activity at Brink’s

In related news, Director Arthelbert Louis Parker sold 540 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total transaction of $62,100.00. Following the transaction, the director directly owned 6,603 shares of the company’s stock, valued at approximately $759,345. The trade was a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Castillo sold 21,700 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $109.70, for a total transaction of $2,380,490.00. Following the transaction, the executive vice president directly owned 22,188 shares in the company, valued at $2,434,023.60. The trade was a 49.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,570 shares of company stock valued at $2,900,153. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BCO shares. Weiss Ratings raised shares of Brink’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Zacks Research cut shares of Brink’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Wall Street Zen raised shares of Brink’s from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 10th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Brink’s has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

Brink’s Stock Down 0.5%

BCO stock opened at $115.37 on Monday. Brink’s Company has a 52-week low of $80.10 and a 52-week high of $118.60. The company’s 50 day simple moving average is $113.87 and its 200-day simple moving average is $98.50. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market capitalization of $4.81 billion, a P/E ratio of 31.18 and a beta of 1.44.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.36. Brink’s had a net margin of 3.21% and a return on equity of 86.86%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Brink’s Company will post 6.49 EPS for the current year.

Brink’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 3rd will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 0.9%. Brink’s’s payout ratio is presently 27.57%.

Brink’s Company Profile

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.