CAPROCK Group Inc. Invests $202,000 in Brink’s Company (The) (BCO)

CAPROCK Group Inc. acquired a new stake in Brink’s Company (The) (NYSE:BCO) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,020 shares of the business services provider’s stock, valued at approximately $202,000.

Other institutional investors also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Brink’s Company (The) during the first quarter valued at approximately $153,000. Group One Trading L.P. bought a new position in shares of Brink’s Company (The) during the first quarter valued at approximately $160,000. FTB Advisors Inc. bought a new position in shares of Brink’s Company (The) during the first quarter valued at approximately $184,000. Ameritas Investment Partners Inc. bought a new position in shares of Brink’s Company (The) during the first quarter valued at approximately $208,000. Finally, Oxford Asset Management bought a new position in shares of Brink’s Company (The) during the first quarter valued at approximately $214,000. Hedge funds and other institutional investors own 89.47% of the company’s stock.

Brink’s Company (NYSE BCO) traded down 0.33% during midday trading on Friday, reaching $75.80. 411,199 shares of the company’s stock were exchanged. The firm has a market capitalization of $3.83 billion, a P/E ratio of 45.12 and a beta of 1.71. The stock’s 50 day moving average is $72.88 and its 200 day moving average is $61.03. Brink’s Company has a 52 week low of $33.99 and a 52 week high of $81.35.

Brink’s Company (The) (NYSE:BCO) last announced its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.18. The firm had revenue of $806 million for the quarter, compared to analysts’ expectations of $730.87 million. Brink’s Company (The) had a net margin of 2.73% and a return on equity of 34.49%. Brink’s Company (The)’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. On average, analysts expect that Brink’s Company will post $3.02 EPS for the current fiscal year.

Brink’s Company (The) declared that its board has approved a share repurchase program on Monday, May 8th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 6.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, July 27th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, July 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.79%. Brink’s Company (The)’s payout ratio is currently 35.71%.

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A number of research firms have issued reports on BCO. Imperial Capital upgraded shares of Brink’s Company (The) from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $72.00 to $86.00 in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Brink’s Company (The) from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $64.00.

In other news, Director Peter A. Feld sold 86,151 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $78.18, for a total transaction of $6,735,285.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter A. Feld sold 1,845 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $76.00, for a total transaction of $140,220.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,214,415 shares of company stock worth $82,535,694. Corporate insiders own 10.40% of the company’s stock.

About Brink’s Company (The)

The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company operates through nine segments: U.S., France, Mexico, Brazil, Canada, Latin America, EMEA, Asia and Payment Services. The Company’s solutions include cash-in-transit (CIT), automated teller machine (ATM) replenishment and maintenance, cash management services, including vault outsourcing, money processing, and intelligent safe services, international transportation of valuables, and payment services.

Institutional Ownership by Quarter for Brink`s Company (The) (NYSE:BCO)

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