Norges Bank Purchases Shares of 523,476 Brink’s Company (The) $BCO

Norges Bank purchased a new stake in shares of Brink’s Company (The) (NYSE:BCOFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 523,476 shares of the business services provider’s stock, valued at approximately $61,105,000.

Other large investors have also made changes to their positions in the company. M&T Bank Corp raised its position in Brink’s by 1.2% in the fourth quarter. M&T Bank Corp now owns 7,114 shares of the business services provider’s stock worth $831,000 after acquiring an additional 86 shares during the period. CWM LLC raised its position in Brink’s by 6.9% in the fourth quarter. CWM LLC now owns 1,479 shares of the business services provider’s stock worth $173,000 after acquiring an additional 96 shares during the period. Hantz Financial Services Inc. raised its position in Brink’s by 26.2% in the fourth quarter. Hantz Financial Services Inc. now owns 506 shares of the business services provider’s stock worth $59,000 after acquiring an additional 105 shares during the period. Optiver Holding B.V. raised its position in Brink’s by 42.9% in the third quarter. Optiver Holding B.V. now owns 353 shares of the business services provider’s stock worth $41,000 after acquiring an additional 106 shares during the period. Finally, GAMMA Investing LLC raised its position in Brink’s by 7.3% in the fourth quarter. GAMMA Investing LLC now owns 1,606 shares of the business services provider’s stock worth $187,000 after acquiring an additional 109 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BCO has been the topic of several recent research reports. The Goldman Sachs Group increased their price target on shares of Brink’s from $129.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Truist Financial increased their price target on shares of Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Wall Street Zen upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Finally, Weiss Ratings downgraded shares of Brink’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

Check Out Our Latest Stock Report on Brink’s

Brink’s Stock Performance

BCO opened at $101.13 on Monday. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 23.63 and a beta of 1.05. The company has a fifty day moving average of $105.85 and a 200 day moving average of $114.67. Brink’s Company has a fifty-two week low of $83.35 and a fifty-two week high of $136.37. The company has a debt-to-equity ratio of 9.75, a quick ratio of 1.53 and a current ratio of 1.53.

Brink’s (NYSE:BCOGet Free Report) last posted its earnings results on Wednesday, May 6th. The business services provider reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.21. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Brink’s had a net margin of 3.35% and a return on equity of 87.38%. Brink’s’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company posted $1.62 earnings per share. Brink’s has set its Q2 2026 guidance at 1.850-2.250 EPS. As a group, sell-side analysts forecast that Brink’s Company will post 9.14 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.02 dividend on an annualized basis and a yield of 1.0%. Brink’s’s dividend payout ratio is presently 23.83%.

About Brink’s

(Free Report)

The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.

Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.

Further Reading

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Institutional Ownership by Quarter for Brink's (NYSE:BCO)

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