Texas Permanent School Fund lowered its stake in The Brink’s Company (NYSE:BCO – Get Rating) by 0.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,630 shares of the business services provider’s stock after selling 286 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Brink’s worth $1,629,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in BCO. Ronald Blue Trust Inc. acquired a new stake in shares of Brink’s in the second quarter worth about $35,000. Captrust Financial Advisors lifted its position in shares of Brink’s by 47.1% during the 1st quarter. Captrust Financial Advisors now owns 1,174 shares of the business services provider’s stock worth $80,000 after purchasing an additional 376 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Brink’s by 15.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,427 shares of the business services provider’s stock worth $86,000 after purchasing an additional 186 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of Brink’s during the 2nd quarter worth about $200,000. Finally, Ergoteles LLC lifted its position in shares of Brink’s by 21.9% during the 1st quarter. Ergoteles LLC now owns 4,051 shares of the business services provider’s stock worth $275,000 after purchasing an additional 729 shares during the last quarter. Institutional investors and hedge funds own 97.41% of the company’s stock.
Brink’s Trading Up 1.0 %
Shares of BCO opened at $59.92 on Thursday. The Brink’s Company has a 12-month low of $48.38 and a 12-month high of $73.42. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 10.24. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 16.69 and a beta of 1.33. The stock’s 50-day moving average price is $57.98 and its 200 day moving average price is $56.90.
Analyst Ratings Changes
Several equities analysts recently weighed in on BCO shares. StockNews.com cut Brink’s from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 19th. TheStreet cut Brink’s from a “b-” rating to a “c” rating in a research report on Wednesday, October 26th.
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance services; network infrastructure; and cash-in-transit services.
- Get a free copy of the StockNews.com research report on Brink’s (BCO)
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