Plaisance Capital LLC acquired a new stake in shares of Brink’s (NYSE:BCO) in the second quarter, Holdings Channel reports. The fund acquired 33,350 shares of the business services provider’s stock, valued at approximately $1,518,000. Brink’s makes up approximately 1.6% of Plaisance Capital LLC’s holdings, making the stock its 16th largest position.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. State of Michigan Retirement System lifted its holdings in shares of Brink’s by 32.1% in the second quarter. State of Michigan Retirement System now owns 18,361 shares of the business services provider’s stock valued at $836,000 after purchasing an additional 4,461 shares in the last quarter. SG Americas Securities LLC boosted its position in Brink’s by 5.3% during the 2nd quarter. SG Americas Securities LLC now owns 19,453 shares of the business services provider’s stock worth $885,000 after acquiring an additional 983 shares during the period. Alliancebernstein L.P. boosted its position in Brink’s by 41.7% during the 1st quarter. Alliancebernstein L.P. now owns 190,407 shares of the business services provider’s stock worth $9,911,000 after acquiring an additional 56,040 shares during the period. Principal Financial Group Inc. grew its stake in Brink’s by 28.6% during the 2nd quarter. Principal Financial Group Inc. now owns 517,542 shares of the business services provider’s stock valued at $23,553,000 after acquiring an additional 115,089 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Brink’s by 30.1% in the 1st quarter. Deutsche Bank AG now owns 242,760 shares of the business services provider’s stock valued at $12,636,000 after purchasing an additional 56,125 shares during the period.
BCO has been the topic of a number of research analyst reports. Standpoint Research raised shares of Brink’s from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Zacks Investment Research upgraded shares of Brink’s from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a report on Tuesday, August 25th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $87.60.
BCO traded up $0.35 during midday trading on Friday, hitting $46.61. 435,168 shares of the company’s stock traded hands, compared to its average volume of 484,177. The company has a debt-to-equity ratio of 12.38, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market cap of $2.35 billion, a PE ratio of 141.24 and a beta of 1.19. The stock’s fifty day simple moving average is $44.78 and its 200-day simple moving average is $50.27. Brink’s has a one year low of $33.17 and a one year high of $97.12.
Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.79. The business had revenue of $826.00 million for the quarter, compared to the consensus estimate of $724.88 million. Brink’s had a net margin of 0.50% and a return on equity of 99.81%. Brink’s’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. On average, research analysts expect that Brink’s will post 1.55 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, July 27th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, July 24th. This represents a $0.60 annualized dividend and a yield of 1.29%. Brink’s’s dividend payout ratio (DPR) is currently 15.42%.
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally. 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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