Price Capital Management Inc. Acquires New Stake in Brink’s (NYSE:BCO)

Price Capital Management Inc. acquired a new stake in Brink’s (NYSE:BCO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,200 shares of the business services provider’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. ETF Managers Group LLC grew its holdings in Brink’s by 7.9% during the 1st quarter. ETF Managers Group LLC now owns 2,013 shares of the business services provider’s stock worth $152,000 after acquiring an additional 148 shares during the period. Falcon Point Capital LLC grew its holdings in Brink’s by 0.3% during the 1st quarter. Falcon Point Capital LLC now owns 50,019 shares of the business services provider’s stock worth $3,772,000 after acquiring an additional 153 shares during the period. US Bancorp DE grew its holdings in Brink’s by 3.1% during the 1st quarter. US Bancorp DE now owns 6,229 shares of the business services provider’s stock worth $469,000 after acquiring an additional 190 shares during the period. SG Americas Securities LLC grew its holdings in Brink’s by 3.6% during the 1st quarter. SG Americas Securities LLC now owns 6,405 shares of the business services provider’s stock worth $483,000 after acquiring an additional 222 shares during the period. Finally, Retirement Systems of Alabama grew its holdings in Brink’s by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 64,865 shares of the business services provider’s stock worth $5,266,000 after acquiring an additional 240 shares during the period. Institutional investors and hedge funds own 99.26% of the company’s stock.

A number of analysts have weighed in on the company. Imperial Capital increased their price target on Brink’s from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. They noted that the move was a valuation call. Zacks Investment Research upgraded Brink’s from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $95.00.

Shares of BCO stock traded down $0.52 on Wednesday, reaching $78.01. 7,332 shares of the company were exchanged, compared to its average volume of 407,419. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.32 and a beta of 1.44. The company has a 50-day moving average of $86.89 and a 200-day moving average of $80.57. The company has a debt-to-equity ratio of 7.91, a current ratio of 1.40 and a quick ratio of 1.40. Brink’s has a one year low of $59.08 and a one year high of $93.81.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.01. The company had revenue of $914.00 million for the quarter, compared to analysts’ expectations of $898.98 million. Brink’s had a net margin of 2.20% and a return on equity of 92.10%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. As a group, sell-side analysts predict that Brink’s will post 4.22 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, July 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.77%. Brink’s’s dividend payout ratio (DPR) is presently 17.34%.

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.

Further Reading: What are the benefits of momentum investing?

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

Receive News & Ratings for Brink's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's and related companies with MarketBeat.com's FREE daily email newsletter.