The Brink’s Company (NYSE:BCO) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its stake in shares of The Brink’s Company (NYSE:BCO) by 9.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,852 shares of the business services provider’s stock after acquiring an additional 3,857 shares during the period. Texas Permanent School Fund Corp owned approximately 0.10% of Brink’s worth $4,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BCO. Vanguard Group Inc. increased its holdings in Brink’s by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock valued at $430,749,000 after purchasing an additional 63,853 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Brink’s by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 988,697 shares of the business services provider’s stock worth $86,958,000 after buying an additional 13,350 shares during the period. Silvercrest Asset Management Group LLC grew its stake in shares of Brink’s by 4.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 928,887 shares of the business services provider’s stock valued at $85,811,000 after buying an additional 41,678 shares in the last quarter. LSV Asset Management raised its holdings in shares of Brink’s by 15,919.2% in the 2nd quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock valued at $82,018,000 after buying an additional 795,961 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Brink’s by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 537,904 shares of the business services provider’s stock worth $47,309,000 after acquiring an additional 14,066 shares in the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

Brink’s Price Performance

Shares of NYSE BCO opened at $111.07 on Friday. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 42.46 and a beta of 1.43. The stock’s 50-day moving average is $104.68 and its two-hundred day moving average is $97.11. The Brink’s Company has a 1-year low of $64.15 and a 1-year high of $113.63.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the firm earned $1.18 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts forecast that The Brink’s Company will post 7.51 EPS for the current fiscal year.

Brink’s Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, July 29th were paid a dividend of $0.2425 per share. The ex-dividend date was Monday, July 29th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.87%. Brink’s’s payout ratio is currently 37.16%.

Wall Street Analysts Forecast Growth

BCO has been the subject of several research reports. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. William Blair assumed coverage on shares of Brink’s in a research note on Tuesday, May 21st. They set an “outperform” rating on the stock. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target 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.