Oliver Luxxe Assets LLC Has $1.50 Million Stake in The Brink’s Company (NYSE:BCO)

Oliver Luxxe Assets LLC raised its holdings in shares of The Brink’s Company (NYSE:BCO) by 2.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,209 shares of the business services provider’s stock after acquiring an additional 351 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Brink’s were worth $1,497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in shares of Brink’s by 60.3% in the fourth quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 141 shares during the last quarter. Quarry LP boosted its position in Brink’s by 265.9% during the fourth quarter. Quarry LP now owns 805 shares of the business services provider’s stock worth $71,000 after purchasing an additional 585 shares during the period. Principal Securities Inc. bought a new position in shares of Brink’s in the fourth quarter valued at about $73,000. Parkside Financial Bank & Trust lifted its stake in shares of Brink’s by 13.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,723 shares of the business services provider’s stock worth $152,000 after buying an additional 210 shares during the last quarter. Finally, OLD National Bancorp IN acquired a new position in Brink’s in the 4th quarter valued at about $215,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Brink’s Stock Performance

NYSE BCO traded down $1.70 during trading on Monday, reaching $100.70. The company’s stock had a trading volume of 67,470 shares, compared to its average volume of 235,832. The Brink’s Company has a 12 month low of $63.79 and a 12 month high of $105.50. The firm has a 50 day moving average price of $97.75 and a 200 day moving average price of $89.27. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 39.23 and a beta of 1.46. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 6.37.

Brink’s (NYSE:BCO) last released 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. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. Brink’s had a return on equity of 59.84% and a net margin of 2.46%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.16 EPS. As a group, equities analysts anticipate that The Brink’s Company will post 7.56 EPS for the current fiscal year.

Brink’s Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were issued a dividend of $0.243 per share. The ex-dividend date of this dividend was Friday, May 10th. This is a positive change from Brink’s’s previous quarterly dividend of $0.22. This represents a $0.97 annualized dividend and a dividend yield of 0.97%. Brink’s’s payout ratio is 37.16%.

Brink’s Company Profile

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.