Brink’s (BCO) Shares Bought by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc raised its stake in shares of Brink’s (NYSE:BCO) by 17.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 47,300 shares of the business services provider’s stock after purchasing an additional 7,000 shares during the period. Brink’s accounts for 1.2% of K.J. Harrison & Partners Inc’s holdings, making the stock its 21st biggest position. K.J. Harrison & Partners Inc’s holdings in Brink’s were worth $3,567,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Quantamental Technologies LLC purchased a new position in shares of Brink’s in the fourth quarter valued at about $44,000. NumerixS Investment Technologies Inc purchased a new position in shares of Brink’s in the fourth quarter valued at about $44,000. Bremer Trust National Association purchased a new position in shares of Brink’s in the fourth quarter valued at about $86,000. ETF Managers Group LLC lifted its position in shares of Brink’s by 18.1% in the fourth quarter. ETF Managers Group LLC now owns 1,865 shares of the business services provider’s stock valued at $121,000 after acquiring an additional 286 shares in the last quarter. Finally, Ffcm LLC lifted its position in shares of Brink’s by 1,899.1% in the fourth quarter. Ffcm LLC now owns 2,199 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 2,089 shares in the last quarter. 98.36% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:BCO traded up $0.83 during mid-day trading on Friday, reaching $79.26. The stock had a trading volume of 3,548 shares, compared to its average volume of 387,028. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 8.83. The company has a market capitalization of $4.25 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.33 and a beta of 1.58. Brink’s has a 1 year low of $59.08 and a 1 year high of $86.34.

Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, April 24th. The business services provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The company had revenue of $905.00 million for the quarter, compared to the consensus estimate of $914.08 million. Brink’s had a positive return on equity of 68.11% and a negative net margin of 0.96%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share. On average, research analysts forecast that Brink’s will post 4.21 earnings per share for the current year.

In related news, CEO Douglas A. Pertz acquired 5,000 shares of Brink’s stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $72.65 per share, with a total value of $363,250.00. Following the completion of the purchase, the chief executive officer now directly owns 251,900 shares of the company’s stock, valued at approximately $18,300,535. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ronald James Domanico acquired 3,000 shares of Brink’s stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $72.39 per share, for a total transaction of $217,170.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 18,000 shares of company stock worth $1,309,720 and sold 23,924 shares worth $1,829,571. 1.05% of the stock is currently owned by insiders.

Separately, Zacks Investment Research downgraded Brink’s from a “hold” rating to a “sell” rating in a research report on Thursday, December 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Brink’s has an average rating of “Hold” and a consensus target price of $96.67.

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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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