Inspire Investing LLC Makes New Investment in The Brink’s Company (NYSE:BCO)


Inspire Investing LLC bought a new position in The Brink’s Company (NYSE:BCO – Get Rating ) during the first quarter, Holdings Channel reports. The institutional investor purchased 3,463 shares of the business services provider’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BCO. JPMorgan Chase & Co. grew its stake in Brink’s by 728.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,901,110 shares of the business services provider’s stock valued at $190,225,000 after purchasing an additional 2,550,718 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Brink’s by 17.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,389,302 shares of the business services provider’s stock valued at $222,237,000 after buying an additional 506,734 shares in the last quarter. American Century Companies Inc. raised its position in shares of Brink’s by 14.5% during the 4th quarter. American Century Companies Inc. now owns 2,423,460 shares of the business services provider’s stock valued at $158,907,000 after purchasing an additional 307,051 shares during the last quarter. Boston Partners lifted its position in shares of Brink’s by 80.9% during the 4th quarter. Boston Partners now owns 667,301 shares of the business services provider’s stock valued at $43,821,000 after purchasing an additional 298,393 shares in the last quarter. Finally, Ruffer LLP bought a new stake in shares of Brink’s during the 4th quarter valued at $18,425,000. Institutional investors and hedge funds own 99.61% of the company’s shares.

Separately, StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 27th.

In other news, EVP Simon Davis bought 8,500 shares of the business’s stock in a transaction on Friday, June 10th. The shares were acquired at an average price of $59.35 per share, with a total value of $504,475.00. Following the acquisition, the executive vice president now directly owns 39,534 shares in the company, valued at $2,346,342.90. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. 3.64% of shares are owned by company insiders.

Shares of Brink’s stock opened at $59.46 on Friday. The stock has a market cap of $2.80 billion, a P/E ratio of 18.02 and a beta of 1.40. The firm’s fifty-day moving average is $58.57, and its 200-day moving average is $64.27. The Brink’s Company has a fifty-two week low of $53.72 and a fifty-two week high of $80.43. The company has a debt-to-equity ratio of 8.01, a quick earnings ratio of 1.53, and a current ratio of 1.53.

Brink’s (NYSE:BCO – Get Rating ) last posted its earnings results on Tuesday, May 10th. The business services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.21. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Brink’s had a net margin of 3.75% and a return on equity of 87.05%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. On average, analysts forecast that The Brink’s Company will post 5.7 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Monday, May 16th were given a $0.20 dividend. This represents an annualized dividend of $0.80 and a yield of 1.35%. The ex-dividend date of this dividend was Friday, May 13th. Brink’s payout ratio is currently 24.24%.

Brink’s profile (Get Rating)

The Brink’s Company provides secure transportation, cash management and other security-related services in North America, Latin America, Europe and internationally. The company offers transportation of valuables with an armored car; Automated teller machine (ATM) management services such as cash replenishment, replenishment forecasting, cash optimization, remote ATM monitoring, service call dispatch, transaction processing, installation, and first and second line support services ; network infrastructure; and cash transportation services.

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



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