Cornercap Investment Counsel Inc. Sells 112 Shares of The Brink’s Company (NYSE:BCO)

Cornercap Investment Counsel Inc. lessened its stake in shares of The Brink’s Company (NYSE:BCO) by 1.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,975 shares of the business services provider’s stock after selling 112 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Brink’s were worth $714,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in Brink’s during the 2nd quarter worth $37,000. Texas Permanent School Fund Corp grew its holdings in shares of Brink’s by 9.9% during the second quarter. Texas Permanent School Fund Corp now owns 42,852 shares of the business services provider’s stock worth $4,388,000 after purchasing an additional 3,857 shares during the last quarter. Quest Partners LLC increased its stake in shares of Brink’s by 412.8% in the second quarter. Quest Partners LLC now owns 22,317 shares of the business services provider’s stock valued at $2,285,000 after buying an additional 17,965 shares during the period. LSV Asset Management raised its holdings in 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 last quarter. Finally, Gallacher Capital Management LLC acquired a new stake in Brink’s during the 2nd quarter worth approximately $267,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Stock Up 3.1 %

Shares of NYSE BCO opened at $111.07 on Friday. The company’s 50 day moving average price is $104.68 and its 200-day moving average price is $97.11. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.57 and a current ratio of 1.57. The Brink’s Company has a 52-week low of $64.15 and a 52-week high of $113.63. The company has a market capitalization of $4.90 billion, a P/E ratio of 42.56 and a beta of 1.43.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.20. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business earned $1.18 earnings per share. Brink’s’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts forecast that The Brink’s Company will post 7.51 earnings per share for the current year.

Brink’s Cuts Dividend

The firm 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 annualized dividend and a yield of 0.87%. Brink’s’s dividend payout ratio is currently 37.16%.

Analyst Ratings Changes

Several brokerages have issued reports on BCO. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. William Blair initiated coverage on Brink’s in a report 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 issued a strong buy rating to the company’s stock. According to MarketBeat, Brink’s has an average rating of “Buy” and a consensus target price of $106.50.

Brink’s 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.