Cubist Systematic Strategies LLC Purchases 5,664 Shares of The Brink’s Company (NYSE:BCO)

Cubist Systematic Strategies LLC lifted its position in The Brink’s Company (NYSE:BCO – Get Rating) by 61.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,906 shares of the business services provider’s stock after acquiring an additional 5,664 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Brink’s were worth $722,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. bought a new stake in shares of Brink’s in the 3rd quarter worth about $30,000. Ronald Blue Trust Inc. purchased a new position in Brink’s in the 2nd quarter worth about $35,000. Captrust Financial Advisors increased its stake in Brink’s by 47.1% in the 1st quarter. Captrust Financial Advisors now owns 1,174 shares of the business services provider’s stock worth $80,000 after buying an additional 376 shares during the period. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Brink’s in the 2nd quarter worth about $200,000. Finally, Inspire Investing LLC increased its stake in Brink’s by 20.6% in the 3rd quarter. Inspire Investing LLC now owns 4,256 shares of the business services provider’s stock worth $206,000 after buying an additional 726 shares during the period. Institutional investors own 97.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on BCO shares. StockNews.com downgraded shares of Brink’s from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 23rd. TheStreet raised shares of Brink’s from a “c+” rating to a “b” rating in a research note on Wednesday, February 22nd.

Brink’s Trading Down 3.6 %

NYSE BCO opened at $64.19 on Friday. The company has a debt-to-equity ratio of 5.74, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 17.68 and a beta of 1.35. The company’s 50-day simple moving average is $63.24 and its two-hundred day simple moving average is $58.92. The Brink’s Company has a one year low of $48.38 and a one year high of $70.05.

Brink’s (NYSE:BCO – Get Rating) last posted its earnings results on Wednesday, February 22nd. The business services provider reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.22. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Brink’s had a net margin of 3.81% and a return on equity of 69.23%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. Equities analysts forecast that The Brink’s Company will post 6.64 EPS for the current fiscal year.

Brink’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Monday, February 6th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, February 3rd. Brink’s’s dividend payout ratio is currently 22.04%.

Insider Activity

In other news, Director Michael J. Herling sold 3,089 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $66.60, for a total value of $205,727.40. Following the sale, the director now directly owns 11,776 shares in the company, valued at approximately $784,281.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.64% of the company’s stock.

About Brink’s

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The Brink’s Co provides secure logistics and cash management services. It operates through the following segments: North America, Latin America, Europe and Rest of World. Its logistics and security solutions include cash-in-transit, ATM replenishment & maintenance, and cash management & payment services, such as vault outsourcing, money processing, intelligent safe services, and international transportation of valuables.