Virtu Financial LLC Lowers Stake in Brink’s (BCO)

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Virtu Financial LLC reduced its position in shares of Brink’s (NYSE:BCO) by 8.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 10,640 shares of the business services provider’s stock after selling 939 shares during the quarter. Virtu Financial LLC’s holdings in Brink’s were worth $742,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BCO. Pictet Asset Management Ltd. boosted its position in Brink’s by 12.3% during the third quarter. Pictet Asset Management Ltd. now owns 539,000 shares of the business services provider’s stock valued at $37,595,000 after purchasing an additional 59,000 shares in the last quarter. FMR LLC boosted its position in Brink’s by 29.3% during the third quarter. FMR LLC now owns 1,008,498 shares of the business services provider’s stock valued at $70,343,000 after purchasing an additional 228,626 shares in the last quarter. FIL Ltd bought a new stake in Brink’s during the third quarter valued at about $7,128,000. American International Group Inc. boosted its position in Brink’s by 1.3% during the third quarter. American International Group Inc. now owns 136,014 shares of the business services provider’s stock valued at $9,487,000 after purchasing an additional 1,747 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Brink’s by 1.5% during the third quarter. BlackRock Inc. now owns 5,699,653 shares of the business services provider’s stock valued at $397,550,000 after purchasing an additional 84,498 shares in the last quarter.

Shares of NYSE BCO opened at $66.49 on Thursday. The company has a debt-to-equity ratio of 5.89, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.29 and a beta of 1.59. Brink’s has a fifty-two week low of $61.47 and a fifty-two week high of $88.10.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, October 24th. The business services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $852.00 million during the quarter, compared to the consensus estimate of $843.96 million. Brink’s had a positive return on equity of 56.86% and a negative net margin of 3.46%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. On average, equities analysts anticipate that Brink’s will post 3.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Friday, November 9th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, November 8th. Brink’s’s dividend payout ratio is presently 19.80%.

A number of equities research analysts recently weighed in on BCO shares. ValuEngine downgraded Brink’s from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Berenberg Bank started coverage on Brink’s in a research report on Wednesday, September 12th. They set a “buy” rating and a $90.00 price objective on the stock. Zacks Investment Research downgraded Brink’s from a “hold” rating to a “sell” rating in a research report on Friday, September 14th. Finally, SunTrust Banks dropped their price objective on Brink’s to $90.00 and set a “buy” rating on the stock in a research report on Monday, October 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $94.33.

In other Brink’s news, CFO Ronald James Domanico purchased 2,000 shares of the stock in a transaction on Friday, September 7th. The stock was acquired at an average price of $69.45 per share, with a total value of $138,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.48% of the stock is currently owned by company insiders.

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About Brink’s

The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. 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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