Assetmark Inc. Increases Stock Holdings in The Brink's Company (NYSE:BCO)

Assetmark Inc. increased its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 2,436.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,813 shares of the business services provider's stock after purchasing an additional 7,505 shares during the period. Assetmark Inc.'s holdings in Brink's were worth $903,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Jupiter Asset Management Ltd. purchased a new position in Brink's during the first quarter valued at $1,945,000. Tidal Investments LLC raised its stake in shares of Brink's by 228.6% during the first quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider's stock valued at $1,580,000 after acquiring an additional 11,899 shares in the last quarter. SG Americas Securities LLC increased its position in Brink's by 219.9% during the 2nd quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider's stock valued at $906,000 after purchasing an additional 6,081 shares during the period. Vanguard Group Inc. increased its holdings in Brink's by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider's stock valued at $430,749,000 after buying an additional 63,853 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Brink's by 36.8% in the 2nd quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider's stock valued at $23,962,000 after acquiring an additional 63,000 shares during the period. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Brink's Price Performance

Shares of BCO stock traded down $2.43 during trading hours on Friday, hitting $91.41. 307,003 shares of the company's stock were exchanged, compared to its average volume of 261,988. The firm has a market cap of $3.99 billion, a P/E ratio of 34.63 and a beta of 1.44. The firm has a 50 day moving average of $107.09 and a two-hundred day moving average of $103.78. 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 Brink's Company has a fifty-two week low of $75.41 and a fifty-two week high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last announced its 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). Brink's had a net margin of 2.37% and a return on equity of 71.46%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the company earned $1.92 EPS. Brink's's revenue was down 3.4% compared to the same quarter last year. Sell-side analysts forecast that The Brink's Company will post 6.51 EPS for the current year.

Brink's Announces Dividend

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 given a $0.2425 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.06%. Brink's's dividend payout ratio (DPR) is presently 36.74%.

Wall Street Analyst Weigh In

BCO has been the subject of several recent analyst reports. Truist Financial lowered their target price on shares of Brink's from $144.00 to $138.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. StockNews.com upgraded Brink's from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 16th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $120.50.

Brink's Company 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.