Wasatch Advisors LP Takes Position in The Brink’s Company (NYSE:BCO)

Wasatch Advisors LP purchased a new stake in shares of The Brink’s Company (NYSE:BCO) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 512,865 shares of the business services provider’s stock, valued at approximately $59,308,000. Wasatch Advisors LP owned approximately 1.18% of Brink’s at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Brink’s during the second quarter valued at $37,000. LRI Investments LLC bought a new position in Brink’s in the first quarter valued at about $37,000. MFA Wealth Advisors LLC bought a new position in Brink’s in the second quarter valued at about $47,000. GAMMA Investing LLC lifted its holdings in Brink’s by 119.0% in the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 250 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in Brink’s by 200.5% in the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 407 shares during the period. 94.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

BCO has been the topic of a number of recent research reports. Truist Financial lowered their target price on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $120.50.

Brink’s Stock Up 0.8 %

Shares of BCO opened at $96.97 on Friday. The business’s 50 day moving average is $104.30 and its 200 day moving average is $103.88. The company has a market capitalization of $4.23 billion, a PE ratio of 36.73 and a beta of 1.44. The Brink’s Company has a 12-month low of $78.13 and a 12-month high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.28). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the business posted $1.92 EPS. Research analysts expect that The Brink’s Company will post 6.51 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio is presently 36.74%.

Insider Buying and Selling at Brink’s

In other news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the transaction, the executive vice president now owns 11,103 shares in the company, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by company insiders.

Brink’s Company 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.