Hsbc Holdings PLC lifted its stake in Brink’s Company (The) (NYSE:BCO – Free Report) by 477.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,274 shares of the business services provider’s stock after acquiring an additional 11,801 shares during the period. Hsbc Holdings PLC’s holdings in Brink’s were worth $1,671,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in Brink’s by 150.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 243 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 146 shares during the period. Advisory Services Network LLC bought a new stake in shares of Brink’s in the 3rd quarter worth approximately $33,000. Global Retirement Partners LLC bought a new stake in shares of Brink’s in the 4th quarter worth approximately $39,000. Wexford Capital LP acquired a new stake in shares of Brink’s during the 3rd quarter worth approximately $42,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Brink’s by 161.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $47,000 after purchasing an additional 323 shares in the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.
Brink’s Stock Up 2.7%
NYSE BCO opened at $94.68 on Wednesday. Brink’s Company has a 1-year low of $84.99 and a 1-year high of $136.37. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 22.12 and a beta of 1.05. The stock’s 50 day moving average is $103.46 and its two-hundred day moving average is $112.90. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 9.75.
Brink’s Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued 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 dividend yield of 1.1%. Brink’s’s dividend payout ratio (DPR) is presently 23.83%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on BCO shares. Weiss Ratings cut Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Wall Street Zen raised Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $154.00.
View Our Latest Stock Report on Brink’s
About Brink’s
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.
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