The California State Teachers Retirement System recently announced that it has reduced its position in The Brink’s Company by 2.6% during the first quarter of this year. According to the most recent filing with the SEC, the institutional investor now owns 57,670 shares of the business services provider’s stock after selling 1,531 shares. This represents a decrease in ownership of approximately 0.12% and brings the total value of their investment to $3,852,000 as indicated in their latest SEC filing.
Brink’s, a prominent player in the business services industry, released its earnings results on August 9th of this year. The company reported earnings per share (EPS) of $1.18 for the quarter, falling short of the consensus estimate of $1.33 by ($0.15). The net margin stood at 2.40%, and return on equity was recorded at an impressive 50.85%. Additionally, Brink’s generated revenue of $1.22 billion for the quarter, slightly surpassing analysts’ expectations of $1.21 billion. Compared to the same period last year, there was a 7.2% increase in revenue for this quarter.
In light of these recent developments, various research analysts have expressed their opinions on Brink’s performance and potential prospects in the market. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating on August 16th, signaling confidence in the company’s future growth prospects. The Goldman Sachs Group also weighed in on Brink’s and raised their price target from $81.00 to $92.00 while maintaining a “buy” rating to further demonstrate their optimism regarding future returns.
Looking ahead, research analysts project that The Brink’s Company will post an EPS of 6.8 for the current fiscal year based on available data and insights into market trends and conditions. It remains to be seen how Brink’s will navigate the increasingly competitive business services industry, but the recent endorsements from StockNews.com and The Goldman Sachs Group suggest a positive outlook for the company.
As always, investors should exercise due diligence and consider various factors before making investment decisions. While California State Teachers Retirement System has reduced its position in Brink’s during the first quarter, it is important to note that this decision was made within a specific context and may not necessarily reflect the potential value and growth opportunities that Brink’s can offer individual or institutional investors.
The Brink's Company
Updated on: 03/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Institutional Investors Adjust Positions in Brink’s Company (BCO), Internal Developments Reported
The Brink’s Company (BCO) has recently seen changes in its shareholder positions, with various institutional investors making adjustments. Captrust Financial Advisors, for instance, increased its holdings in Brink’s shares by an astonishing 47.1% during the first quarter. This move resulted in Captrust Financial Advisors now owning 1,174 shares of Brink’s stock, valued at $80,000 after acquiring an additional 376 shares in the last quarter. Parkside Financial Bank & Trust also grew its stake in Brink’s by a notable 88.3% during the same period. Parkside Financial Bank & Trust now owns 1,226 shares of Brink’s stock worth $82,000 after purchasing an additional 575 shares.
As for Point72 Middle East FZE, they entered the scene by purchasing a new stake in Brink’s during the fourth quarter of last year. This fresh investment was valued at approximately $81,000 and served as a testament to their belief in Brink’s potential for growth and profit. Ronald Blue Trust Inc., on the other hand, chose to reinforce its position by expanding its stake in Brink’s by 23.3% during the first quarter. The trust now holds 1,701 shares of Brink’s stock with a value of $91,000 after purchasing an additional 321 shares.
Strs Ohio demonstrated even greater ambition by growing its stake in Brink’s by an impressive 110%. They now own 2,100 shares representing a value of $140,000 after acquiring an additional 1,100 shares during the first quarter.
It is important to note that despite these investor movements and positions mentioned above, institutional investors still only own about 96.49% of the overall company’s stock.
In addition to these significant investor activities surrounding Brink’s Company (BCO), there were also some notable internal developments reported recently. The Executive Vice President (EVP), Dominik Bossart, sold 15,000 shares of the firm’s stock on June 6th in a noteworthy transaction. The average selling price for each share was $70.00, resulting in a total transaction value of $1,050,000. Following this transaction, the EVP now holds direct ownership of 35,291 shares of Brink’s Company’s stock which are valued at approximately $2,470,370. This transaction was publicly disclosed through a document filed with the SEC.
Turning our attention to the company’s stock market performance, Brink’s Company (BCO) opened at $73.62 on Thursday. The business has shown stability with a fifty-day simple moving average of $70.20 and a two-hundred-day simple moving average of $67.13. With a current ratio and quick ratio both standing at 1.55, Brink’s showcases its financial health by maintaining sufficient liquidity. Furthermore, it is important to note that the company has exhibited a strong market presence with a 12-month high and low ranging from $48.38 to $74.69 respectively.
As we analyze these numbers and dig deeper into Brink’s performance in recent times, the company’s market capitalization stands at an impressive $3.42 billion. Additionally, it boasts a price-to-earnings ratio of 30.68 and possesses a beta value of 1.33.
Investors interested in making informed decisions regarding their portfolios would find this information valuable when evaluating whether or not to invest in Brink’s Company (BCO). By examining shareholder positions as well as internal developments within the company itself, they can gain insights into potential opportunities for growth and profit while also understanding the inherent risks associated with any investment decision they make Going forward.
Disclaimer: The information provided here is solely for informational purposes and does not constitute financial advice or recommendations for any specific investment action. Investors are advised to conduct thorough research and consult with a financial advisor before making any investment decisions.