Starboard Value LP Lowered Its Stake in Brinks Co (BCO) as Stock Price Rose

The Brink's Company (NYSE:BCO) LogoInvestors sentiment decreased to 0.95 in 2019 Q2. Its down 0.40, from 1.35 in 2019Q1. It dropped, as 21 investors sold BCO shares while 79 reduced holdings. 33 funds opened positions while 62 raised stakes. 47.19 million shares or 3.58% less from 48.94 million shares in 2019Q1 were reported. Ameriprise Financial invested in 256,553 shares or 0.01% of the stock. Strs Ohio, a Ohio-based fund reported 6,900 shares. Lpl Fincl Ltd Liability Company holds 7,949 shares. Toth Fincl Advisory holds 3,385 shares. Ariel Limited Co invested in 468,396 shares. Dupont Cap Mgmt Corporation, a Delaware-based fund reported 3,997 shares. Kj Harrison holds 1.05% or 40,800 shares. Moreover, Federated Pa has 0.01% invested in The Brink's Company (NYSE:BCO). Rmb Mngmt Ltd Liability Corp reported 0.17% stake. Price T Rowe Assocs Md holds 0.03% of its portfolio in The Brink's Company (NYSE:BCO) for 3.05M shares. Natixis holds 0.08% or 125,218 shares in its portfolio. Oppenheimer Asset Mgmt stated it has 0.06% in The Brink's Company (NYSE:BCO). Hsbc Holdg Pcl has invested 0% in The Brink's Company (NYSE:BCO). Fuller Thaler Asset Mgmt Inc invested in 1.31% or 1.38M shares. Utd Automobile Association has invested 0% in The Brink's Company (NYSE:BCO).

Starboard Value Lp decreased its stake in Brinks Co (BCO) by 24.95% based on its latest 2019Q2 regulatory filing with the SEC. Starboard Value Lp sold 427,570 shares as the company’s stock rose 14.39% . The hedge fund held 1.29M shares of the oil refining and marketing company at the end of 2019Q2, valued at $108.38 million, down from 1.71 million at the end of the previous reported quarter. Starboard Value Lp who had been investing in Brinks Co for a number of months, seems to be less bullish one the $4.21B market cap company. The stock increased 2.32% or $1.91 during the last trading session, reaching $84.14. About 325,856 shares traded. The Brink's Company (NYSE:BCO) has risen 13.98% since October 12, 2018 and is uptrending. It has outperformed by 13.98% the S&P500.

Starboard Value Lp, which manages about $2.57B and $3.70B US Long portfolio, upped its stake in Ishares Tr (IWN) by 170,000 shares to 661,000 shares, valued at $82.04M in 2019Q2, according to the filing.

Analysts await The Brink's Company (NYSE:BCO) to report earnings on October, 23. They expect $1.13 EPS, up 24.18 % or $0.22 from last year’s $0.91 per share. BCO’s profit will be $56.50 million for 18.62 P/E if the $1.13 EPS becomes a reality. After $0.84 actual EPS reported by The Brink's Company for the previous quarter, Wall Street now forecasts 34.52 % EPS growth.

More notable recent The Brink's Company (NYSE:BCO) news were published by: Bizjournals.com which released: “CenterPoint Energy promotes exec to fill general counsel role – Houston Business Journal” on April 02, 2019, also Globenewswire.com with their article: “Brink’s Announces Brand Licensing Agreement with MONI Smart Security – GlobeNewswire” published on February 26, 2018, Globenewswire.com published: “Brink’s is 160 Years Young NYSE:BCO – GlobeNewswire” on May 21, 2019. More interesting news about The Brink's Company (NYSE:BCO) were released by: Globenewswire.com and their article: “Brink’s Second-Quarter Earnings Release and Conference Call Scheduled for July 24 – GlobeNewswire” published on July 10, 2019 as well as Benzinga.com‘s news article titled: “Jim Cramer Shares His Thoughts On Cigna, Nutanix, Qualcomm And More – Benzinga” with publication date: May 15, 2019.

The Brink's Company (NYSE:BCO) Ratings Coverage

Among 2 analysts covering Brinks Company (The) Common Stock (NYSE:BCO), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Brinks Company (The) Common Stock has $10500 highest and $10500 lowest target. $105’s average target is 24.79% above currents $84.14 stock price. Brinks Company (The) Common Stock had 2 analyst reports since July 25, 2019 according to SRatingsIntel. As per Wednesday, September 4, the company rating was maintained by Buckingham Research. On Thursday, July 25 the stock rating was maintained by Imperial Capital with “Outperform”.

The Brink's Company (NYSE:BCO) Institutional Positions Chart

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