Mesirow Institutional Investment Management Inc. Purchases 1,518 Shares of The Brink’s Company (NYSE:BCO)

Mesirow Institutional Investment Management Inc. lifted its position in shares of The Brink’s Company (NYSE:BCO) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 171,704 shares of the business services provider’s stock after buying an additional 1,518 shares during the quarter. Brink’s makes up about 1.5% of Mesirow Institutional Investment Management Inc.’s holdings, making the stock its 5th largest position. Mesirow Institutional Investment Management Inc. owned about 0.39% of Brink’s worth $17,582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BCO. Covestor Ltd raised its position in shares of Brink’s by 154.8% during the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Brink’s in the first quarter valued at $37,000. MFA Wealth Advisors LLC acquired a new stake in shares of Brink’s during the second quarter valued at $47,000. GAMMA Investing LLC increased its position in Brink’s by 119.0% during the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock worth $47,000 after purchasing an additional 250 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in Brink’s in the 1st quarter valued at about $49,000. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BCO has been the topic of several analyst reports. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. William Blair initiated coverage on shares of Brink’s in a research note on Tuesday, May 21st. They issued an “outperform” rating for the company. Three research 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.com, Brink’s has a consensus rating of “Buy” and an average target price of $106.50.

Brink’s Trading Down 3.7 %

NYSE BCO opened at $106.83 on Wednesday. The company has a 50-day moving average of $104.12 and a 200-day moving average of $96.11. 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 Brink’s Company has a 12 month low of $64.15 and a 12 month high of $113.63. The company has a market cap of $4.75 billion, a P/E ratio of 40.93 and a beta of 1.46.

Brink’s (NYSE:BCO) last posted its quarterly 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 company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm posted $1.18 earnings per share. Brink’s’s revenue was up 3.0% on a year-over-year basis. As a group, equities analysts predict that The Brink’s Company will post 7.51 earnings per share for the current year.

Brink’s Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, July 29th were given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Monday, July 29th. 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.