Algert Global LLC reduced its position in The Brink's Company (NYSE:BCO - Free Report) by 84.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,066 shares of the business services provider's stock after selling 34,230 shares during the period. Algert Global LLC's holdings in Brink's were worth $701,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of BCO. Russell Investments Group Ltd. raised its holdings in shares of Brink's by 10,280.0% in the 1st quarter. Russell Investments Group Ltd. now owns 2,595 shares of the business services provider's stock worth $240,000 after acquiring an additional 2,570 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Brink's by 3.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 60,621 shares of the business services provider's stock worth $5,602,000 after purchasing an additional 2,188 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Brink's by 228.6% in the first quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider's stock valued at $1,580,000 after purchasing an additional 11,899 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Brink's during the first quarter valued at approximately $37,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Brink's during the first quarter worth $300,000. Institutional investors and hedge funds own 94.96% of the company's stock.
Insider Buying and Selling
In other Brink's news, EVP James K. Parks sold 4,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $96.51, for a total transaction of $386,040.00. Following the completion of the transaction, the executive vice president now owns 11,103 shares in the company, valued at $1,071,550.53. This trade represents 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 currently owned by insiders.
Analyst Ratings Changes
A number of equities analysts have issued reports on BCO shares. Truist Financial cut their price objective on shares of Brink's from $144.00 to $138.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded shares of Brink's from a "buy" rating to a "strong-buy" rating in a report on Friday, August 16th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Brink's presently has a consensus rating of "Buy" and an average target price of $120.50.
Get Our Latest Research Report on Brink's
Brink's Stock Performance
BCO stock traded up $0.50 during midday trading on Friday, hitting $96.71. The company's stock had a trading volume of 177,087 shares, compared to its average volume of 262,841. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 36.73 and a beta of 1.44. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The stock's 50-day moving average price is $104.30 and its 200 day moving average price is $103.88. The Brink's Company has a 1 year low of $78.13 and a 1 year high of $115.91.
Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing analysts' consensus estimates of $1.79 by ($0.28). Brink's had a return on equity of 71.46% and a net margin of 2.37%. The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period last year, the firm posted $1.92 earnings per share. Brink's's quarterly revenue was down 3.4% compared to the same quarter last year. On average, equities analysts forecast that The Brink's Company will post 6.51 EPS for the current year.
Brink's Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a dividend of $0.2425 per share. The ex-dividend date is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 1.00%. Brink's's payout ratio is currently 36.74%.
Brink's Company Profile
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Free Report)
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.
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