Texas Permanent School Fund Has $1.63 Million Holdings in The Brink’s Company (NYSE:BCO)

Texas Permanent School Fund lowered its stake in The Brink’s Company (NYSE:BCOGet 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.

Brink’s (NYSE:BCOGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.14. Brink’s had a return on equity of 80.84% and a net margin of 3.89%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, research analysts predict that The Brink’s Company will post 5.57 earnings per share for the current year.

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.

About Brink’s

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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.

See Also

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

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