The Brink’s Company (NYSE:BCO) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its stake in The Brink’s Company (NYSE:BCO) by 3.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,600 shares of the business services provider’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Brink’s were worth $1,290,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Retirement Systems of Alabama boosted its holdings in Brink’s by 0.3% in the first quarter. Retirement Systems of Alabama now owns 56,573 shares of the business services provider’s stock valued at $5,226,000 after purchasing an additional 148 shares during the last quarter. Covestor Ltd boosted its holdings in Brink’s by 154.8% in the first quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Brink’s by 2.2% in the first quarter. ProShare Advisors LLC now owns 10,235 shares of the business services provider’s stock valued at $946,000 after purchasing an additional 221 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in Brink’s by 26.0% in the first quarter. EntryPoint Capital LLC now owns 1,179 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 243 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Brink’s by 119.0% in the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BCO. William Blair began coverage on Brink’s in a report on Tuesday, May 21st. They issued an “outperform” rating for the company. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Brink’s has an average rating of “Buy” and an average target price of $106.50.

Brink’s Trading Up 0.1 %

NYSE:BCO opened at $109.29 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 7.78. The business’s 50 day moving average is $103.32 and its two-hundred day moving average is $94.95. The Brink’s Company has a 52 week low of $64.15 and a 52 week high of $113.63. The company has a market cap of $4.86 billion, a PE ratio of 41.87 and a beta of 1.46.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.20. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the business posted $1.18 EPS. Brink’s’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that The Brink’s Company will post 7.51 EPS for the current year.

Brink’s Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, July 29th will be issued a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, July 29th. Brink’s’s dividend payout ratio (DPR) is 37.16%.

Brink’s Profile

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, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.