Allspring Global Investments Holdings LLC Decreases Position in The Brink's Company (NYSE:BCO)

Allspring Global Investments Holdings LLC lowered its holdings in The Brink's Company (NYSE:BCO - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 57,545 shares of the business services provider's stock after selling 16,122 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.13% of Brink's worth $5,315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mather Group LLC. raised its position in shares of Brink's by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock worth $27,000 after acquiring an additional 174 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Brink's in the 4th quarter worth approximately $55,000. First Horizon Advisors Inc. raised its position in shares of Brink's by 200.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock worth $71,000 after acquiring an additional 407 shares in the last quarter. US Bancorp DE increased its position in Brink's by 7.1% during the 3rd quarter. US Bancorp DE now owns 1,584 shares of the business services provider's stock valued at $183,000 after buying an additional 105 shares in the last quarter. Finally, KBC Group NV increased its position in Brink's by 61.6% during the 4th quarter. KBC Group NV now owns 1,721 shares of the business services provider's stock valued at $160,000 after buying an additional 656 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their target price on Brink's from $144.00 to $138.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $120.50.

Brink's Stock Performance

Shares of BCO stock traded down $0.61 on Friday, reaching $91.68. The stock had a trading volume of 366,959 shares, compared to its average volume of 201,615. The stock has a market cap of $4.00 billion, a P/E ratio of 34.73 and a beta of 1.39. 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 company has a 50 day simple moving average of $92.51 and a 200 day simple moving average of $99.80. The Brink's Company has a 1 year low of $79.20 and a 1 year high of $115.91.

Brink's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be given a dividend of $0.2425 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.97 annualized dividend and a yield of 1.06%. Brink's's dividend payout ratio (DPR) is presently 36.74%.

About Brink's

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.