Kingsview Wealth Management LLC Makes New $1.65 Million Investment in The Brink's Company (NYSE:BCO)

Kingsview Wealth Management LLC purchased a new position in The Brink's Company (NYSE:BCO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,774 shares of the business services provider's stock, valued at approximately $1,649,000.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in Brink's by 5.1% during the third quarter. State Street Corp now owns 1,718,765 shares of the business services provider's stock worth $198,758,000 after buying an additional 82,999 shares during the last quarter. Geode Capital Management LLC boosted its stake in Brink's by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider's stock worth $121,022,000 after buying an additional 8,841 shares during the last quarter. Southernsun Asset Management LLC boosted its stake in Brink's by 11.0% during the third quarter. Southernsun Asset Management LLC now owns 517,932 shares of the business services provider's stock worth $59,894,000 after buying an additional 51,128 shares during the last quarter. Wasatch Advisors LP acquired a new position in Brink's during the third quarter worth $59,308,000. Finally, Franklin Resources Inc. boosted its stake in Brink's by 19.9% during the third quarter. Franklin Resources Inc. now owns 292,468 shares of the business services provider's stock worth $32,862,000 after buying an additional 48,482 shares during the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Truist Financial decreased their price target on Brink's from $144.00 to $138.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $120.50.

Brink's Trading Down 0.1 %

Shares of Brink's stock traded down $0.10 on Friday, reaching $93.59. The company had a trading volume of 183,742 shares, compared to its average volume of 202,798. The firm's 50 day moving average price is $92.71 and its two-hundred day moving average price is $100.24. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The Brink's Company has a 52-week low of $79.20 and a 52-week high of $115.91. The firm has a market cap of $4.08 billion, a PE ratio of 35.45 and a beta of 1.39.

Brink's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be given a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Monday, February 3rd. Brink's's payout ratio is 36.74%.

Insider Buying and Selling at Brink's

In other Brink's news, EVP James K. Parks sold 4,000 shares of the business'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 sale, the executive vice president now owns 11,103 shares of the company's stock, valued at $1,071,550.53. The trade was a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is owned by corporate insiders.

Brink's Company Profile

The Brink's Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.