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.
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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