Brink’s Company (The) (NYSE:BCO) Shares Sold by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC cut its holdings in shares of Brink’s Company (The) (NYSE:BCO) by 17.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 167,764 shares of the business services provider’s stock after selling 35,729 shares during the quarter. TIAA CREF Investment Management LLC owned 0.33% of Brink’s Company (The) worth $11,240,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. purchased a new position in shares of Brink’s Company (The) during the second quarter worth approximately $114,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Brink’s Company (The) during the first quarter worth approximately $153,000. Seven Eight Capital LP purchased a new position in shares of Brink’s Company (The) during the second quarter worth approximately $154,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Brink’s Company (The) by 93.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,313 shares of the business services provider’s stock worth $155,000 after acquiring an additional 1,118 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its stake in shares of Brink’s Company (The) by 51.8% during the second quarter. Riverhead Capital Management LLC now owns 2,429 shares of the business services provider’s stock worth $163,000 after acquiring an additional 829 shares in the last quarter. 89.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Brink’s Company (NYSE:BCO) traded down 0.06% on Friday, hitting $86.35. 225,344 shares of the stock traded hands. Brink’s Company has a 52-week low of $36.24 and a 52-week high of $87.00. The firm has a 50 day moving average price of $81.39 and a 200 day moving average price of $69.55. The firm has a market cap of $4.36 billion, a PE ratio of 51.40 and a beta of 1.70.
Brink’s Company (The) (NYSE:BCO) last released its quarterly earnings results on Wednesday, July 26th. The business services provider reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.18. Brink’s Company (The) had a return on equity of 34.49% and a net margin of 2.73%. The company had revenue of $806.00 million for the quarter, compared to analyst estimates of $730.87 million. During the same quarter in the prior year, the firm posted $0.38 EPS. Brink’s Company (The)’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts forecast that Brink’s Company will post $3.02 EPS for the current year.
BCO has been the topic of several research reports. Zacks Investment Research downgraded shares of Brink’s Company (The) from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 18th. ValuEngine raised shares of Brink’s Company (The) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Imperial Capital lifted their price target on shares of Brink’s Company (The) from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, July 17th. Two research 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 stock. The stock currently has an average rating of “Buy” and a consensus price target of $91.50.
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In related news, CAO Mcalister C. Marshall II sold 4,848 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $77.67, for a total transaction of $376,544.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter A. Feld sold 50,908 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $78.05, for a total value of $3,973,369.40. The disclosure for this sale can be found here. Insiders have sold a total of 501,415 shares of company stock worth $38,681,954 in the last 90 days. 10.40% of the stock is currently owned by insiders.
Brink’s Company (The) Company Profile
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.
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