Municipal Employees Retirement System of Michigan Buys Shares of 12,250 Brink’s (BCO)

Municipal Employees Retirement System of Michigan acquired a new position in shares of Brink’s (NYSE:BCO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,250 shares of the business services provider’s stock, valued at approximately $792,000.

A number of other institutional investors have also recently modified their holdings of BCO. Metropolitan Life Insurance Co. NY lifted its position in Brink’s by 75.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 29,520 shares of the business services provider’s stock valued at $1,908,000 after buying an additional 12,683 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Brink’s by 10.0% during the 4th quarter. Nuveen Asset Management LLC now owns 605,189 shares of the business services provider’s stock worth $39,125,000 after acquiring an additional 54,880 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of Brink’s during the 4th quarter worth about $285,000. Bank of America Corp DE boosted its position in shares of Brink’s by 14.2% during the 4th quarter. Bank of America Corp DE now owns 365,186 shares of the business services provider’s stock worth $23,610,000 after acquiring an additional 45,531 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of Brink’s during the 4th quarter worth about $1,102,000. 98.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE BCO traded up $0.09 during trading hours on Friday, reaching $80.07. The stock had a trading volume of 347,284 shares, compared to its average volume of 325,998. The stock has a market cap of $3.98 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 1.31 and a beta of 1.58. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 8.83. Brink’s has a fifty-two week low of $59.08 and a fifty-two week high of $85.00.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, February 6th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The firm had revenue of $907.70 million during the quarter, compared to analysts’ expectations of $925.06 million. Brink’s had a positive return on equity of 68.11% and a negative net margin of 0.96%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 EPS. Sell-side analysts anticipate that Brink’s will post 4.21 earnings per share for the current year.

Separately, Zacks Investment Research cut Brink’s from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $96.67.

In related news, insider Amit Zukerman sold 10,000 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $75.62, for a total value of $756,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan E. Docherty sold 9,400 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $77.39, for a total value of $727,466.00. Following the completion of the sale, the director now directly owns 8,301 shares of the company’s stock, valued at $642,414.39. The disclosure for this sale can be found here. Over the last three months, insiders purchased 18,000 shares of company stock valued at $1,309,720 and sold 23,924 shares valued at $1,829,571. 1.05% of the stock is owned by corporate insiders.

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Brink’s Company Profile

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. 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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