The Municipal Employees Retirement System of Michigan Has $406,000 Stake in Brink’s Company (The) (BCO)

The Municipal Employees Retirement System of Michigan Has $406,000 Stake in Brink’s Company (The) (BCO)

Municipal Employees Retirement System of Michigan increased its stake in Brink’s Company (The) (NYSE:BCO) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,950 shares of the company’s stock after buying an additional 180 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Brink’s Company (The) were worth $406,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Systematic Financial Management LP increased its stake in shares of Brink’s Company (The) by 2.8% in the second quarter. Systematic Financial Management LP now owns 59,180 shares of the company’s stock valued at $1,686,000 after buying an additional 1,635 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Brink’s Company (The) by 8.1% in the second quarter. Teacher Retirement System of Texas now owns 6,171 shares of the company’s stock valued at $176,000 after buying an additional 461 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Brink’s Company (The) by 2.0% in the second quarter. UBS Asset Management Americas Inc. now owns 42,565 shares of the company’s stock valued at $1,213,000 after buying an additional 832 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Brink’s Company (The) by 414.2% in the second quarter. JPMorgan Chase & Co. now owns 166,380 shares of the company’s stock valued at $4,740,000 after buying an additional 134,022 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Brink’s Company (The) by 6.1% in the second quarter. Ameriprise Financial Inc. now owns 317,096 shares of the company’s stock valued at $9,034,000 after buying an additional 18,348 shares during the period. 91.24% of the stock is owned by hedge funds and other institutional investors.

Brink’s Company (NYSE:BCO) traded up 1.77% during mid-day trading on Wednesday, reaching $43.20. The company’s stock had a trading volume of 213,492 shares. The firm has a market cap of $2.16 billion, a PE ratio of 121.35 and a beta of 1.39. The company has a 50-day moving average price of $41.50 and a 200-day moving average price of $37.64. Brink’s Company has a 12-month low of $26.75 and a 12-month high of $45.10.

Brink’s Company (The) (NYSE:BCO) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The business had revenue of $756 million for the quarter, compared to analysts’ expectations of $737.31 million. Brink’s Company (The) had a return on equity of 26.02% and a net margin of 0.61%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 EPS. On average, equities research analysts expect that Brink’s Company will post $2.03 earnings per share for the current year.

A number of analysts recently commented on the company. Gabelli downgraded Brink’s Company (The) from a “buy” rating to a “hold” rating in a research report on Monday, November 28th. Zacks Investment Research downgraded Brink’s Company (The) from a “buy” rating to a “sell” rating in a research report on Tuesday, December 27th. Macquarie raised Brink’s Company (The) from a “neutral” rating to an “outperform” rating in a research report on Monday, December 12th. Finally, TheStreet raised Brink’s Company (The) from a “hold” rating to a “buy” rating in a research report on Monday, November 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $39.50.

Brink’s Company (The) Company Profile

The Brink’s Company (Brink’s) is a provider of logistics and security solutions. The Company’s solutions include cash-in-transit, automated teller machine (ATM) replenishment and maintenance, international transportation of valuables, cash management and payment services, to financial institutions, retailers, government agencies (including central banks), mints, jewelers and other commercial operations around the world.

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