Orion Portfolio Solutions LLC Acquires Shares of 6,495 The Brink's Company (NYSE:BCO)

Orion Portfolio Solutions LLC purchased a new stake in shares of The Brink's Company (NYSE:BCO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,495 shares of the business services provider's stock, valued at approximately $751,000.

Several other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new position in Brink's during the second quarter worth $228,000. MFA Wealth Advisors LLC bought a new position in shares of Brink's in the second quarter valued at approximately $47,000. Bailard Inc. lifted its stake in shares of Brink's by 168.2% in the second quarter. Bailard Inc. now owns 5,900 shares of the business services provider's stock worth $604,000 after buying an additional 3,700 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Brink's by 119.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 73,124 shares of the business services provider's stock valued at $7,488,000 after buying an additional 39,765 shares during the last quarter. Finally, Arjuna Capital grew its position in shares of Brink's by 92.7% in the second quarter. Arjuna Capital now owns 32,711 shares of the business services provider's stock valued at $3,350,000 after purchasing an additional 15,739 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Trading Down 2.0 %

Shares of BCO traded down $1.94 during trading hours on Tuesday, hitting $94.64. 312,659 shares of the stock traded hands, compared to its average volume of 262,613. The firm has a market capitalization of $4.13 billion, a PE ratio of 35.85 and a beta of 1.40. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The Brink's Company has a 1-year low of $79.03 and a 1-year high of $115.91. The business has a fifty day moving average of $100.52 and a 200-day moving average of $103.62.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.28). The company had revenue of $1.19 billion during 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 business's revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $1.92 earnings per share. Analysts expect that The Brink's Company will post 6.51 EPS for the current year.

Brink's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were issued a dividend of $0.2425 per share. The ex-dividend date was Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.02%. Brink's's 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 the firm'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 sale, the executive vice president now directly owns 11,103 shares of the company's stock, valued at $1,071,550.53. This trade represents a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

Separately, 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. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $120.50.

Brink's 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.