Rhumbline Advisers Sells 16,623 Shares of The Brink’s Company (NYSE:BCO)

Rhumbline Advisers cut its position in The Brink’s Company (NYSE:BCO) by 9.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 158,255 shares of the business services provider’s stock after selling 16,623 shares during the period. Rhumbline Advisers’ holdings in Brink’s were worth $16,205,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BCO. Norges Bank acquired a new stake in Brink’s in the fourth quarter worth $21,375,000. Fourth Sail Capital LP acquired a new stake in Brink’s in the first quarter worth $11,501,000. Lazard Asset Management LLC raised its holdings in Brink’s by 375.2% in the first quarter. Lazard Asset Management LLC now owns 99,677 shares of the business services provider’s stock worth $9,207,000 after purchasing an additional 78,700 shares during the period. Swedbank AB acquired a new stake in Brink’s in the second quarter worth $7,700,000. Finally, Vanguard Group Inc. raised its holdings in Brink’s by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock worth $430,749,000 after purchasing an additional 63,853 shares during the period. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Trading Down 1.1 %

Shares of NYSE:BCO opened at $104.51 on Tuesday. The Brink’s Company has a 12 month low of $64.15 and a 12 month high of $113.63. 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 company’s fifty day simple moving average is $104.43 and its 200 day simple moving average is $96.82. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 40.04 and a beta of 1.43.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.20. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business earned $1.18 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. As a group, research analysts forecast that The Brink’s Company will post 7.51 EPS for the current fiscal year.

Brink’s Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, July 29th were paid a $0.2425 dividend. The ex-dividend date was Monday, July 29th. This represents a $0.97 annualized dividend and a yield of 0.93%. Brink’s’s payout ratio is currently 37.16%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BCO. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. William Blair started coverage on shares of Brink’s in a report on Tuesday, May 21st. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $106.50.

About Brink’s

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.