Pacer Advisors Inc. lessened its position in Brink’s Company (The) (NYSE:BCO – Free Report) by 92.7% during the first quarter, Holdings Channel reports. The fund owned 5,855 shares of the business services provider’s stock after selling 74,119 shares during the period. Pacer Advisors Inc.’s holdings in Brink’s were worth $607,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its position 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 last quarter. NFSG Corp bought a new stake in Brink’s in the first quarter valued at approximately $32,000. Advisory Services Network LLC bought a new position in shares of Brink’s in the third quarter worth approximately $33,000. Global Retirement Partners LLC bought a new stake in Brink’s during the 4th quarter valued at $39,000. Finally, Wexford Capital LP purchased a new stake in Brink’s during the 3rd quarter valued at $42,000. 94.96% of the stock is currently owned by institutional investors.
Brink’s Price Performance
Shares of NYSE BCO opened at $110.39 on Tuesday. Brink’s Company has a 1 year low of $91.05 and a 1 year high of $136.37. The stock has a market capitalization of $4.55 billion, a P/E ratio of 25.55 and a beta of 1.04. The company’s 50-day moving average is $107.03 and its 200 day moving average is $111.33. The company has a debt-to-equity ratio of 8.80, a current ratio of 1.62 and a quick ratio of 1.62.
Brink’s Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, July 27th will be given a dividend of $0.255 per share. The ex-dividend date is Monday, July 27th. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. Brink’s’s payout ratio is currently 23.61%.
Analysts Set New Price Targets
Several brokerages have recently commented on BCO. Weiss Ratings raised shares of Brink’s from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Wall Street Zen cut Brink’s from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $154.00.
Check Out Our Latest Research Report on BCO
Brink’s Company Profile
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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