Measured Wealth Private Client Group LLC Makes New $209,000 Investment in The Brink’s Company (NYSE:BCO)

Measured Wealth Private Client Group LLC bought a new position in shares of The Brink’s Company (NYSE:BCO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,260 shares of the business services provider’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Invesco Ltd. grew its stake in Brink’s by 8.1% in the 3rd quarter. Invesco Ltd. now owns 116,601 shares of the business services provider’s stock valued at $8,470,000 after purchasing an additional 8,746 shares during the period. Hsbc Holdings PLC purchased a new position in Brink’s in the third quarter valued at about $399,000. Teza Capital Management LLC bought a new position in shares of Brink’s during the 3rd quarter valued at approximately $411,000. Ariel Investments LLC grew its position in shares of Brink’s by 0.8% during the 3rd quarter. Ariel Investments LLC now owns 1,909,223 shares of the business services provider’s stock valued at $138,686,000 after acquiring an additional 15,311 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Brink’s by 7.3% in the 3rd quarter. Sei Investments Co. now owns 238,856 shares of the business services provider’s stock worth $17,351,000 after purchasing an additional 16,230 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BCO shares. TheStreet downgraded Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. William Blair started coverage on Brink’s in a research note on Tuesday, May 21st. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $106.50.

Brink’s Price Performance

Shares of NYSE BCO opened at $101.44 on Wednesday. The company has a debt-to-equity ratio of 6.37, a quick ratio of 1.46 and a current ratio of 1.46. The Brink’s Company has a fifty-two week low of $63.79 and a fifty-two week high of $105.50. The stock has a market cap of $4.51 billion, a PE ratio of 38.86 and a beta of 1.46. The stock has a fifty day moving average of $98.24 and a 200-day moving average of $89.47.

Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, May 8th. The business services provider reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.29. Brink’s had a return on equity of 59.84% and a net margin of 2.46%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm earned $1.16 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts anticipate that The Brink’s Company will post 7.56 earnings per share for the current year.

Brink’s Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were issued a $0.243 dividend. This represents a $0.97 annualized dividend and a yield of 0.96%. This is an increase from Brink’s’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, May 10th. Brink’s’s dividend payout ratio (DPR) is presently 37.16%.

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.