B. Metzler seel. Sohn & Co. Holding AG Acquires New Stake in The Brink's Company (NYSE:BCO)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of The Brink's Company (NYSE:BCO - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,943 shares of the business services provider's stock, valued at approximately $1,497,000.

Several other hedge funds have also recently added to or reduced their stakes in BCO. Covestor Ltd increased its position in shares of Brink's by 154.8% during the first quarter. Covestor Ltd now owns 316 shares of the business services provider's stock worth $29,000 after buying an additional 192 shares during the period. LRI Investments LLC bought a new position in shares of Brink's in the 1st quarter worth about $37,000. Headlands Technologies LLC acquired a new position in shares of Brink's in the 2nd quarter valued at about $37,000. GAMMA Investing LLC boosted its position in shares of Brink's by 119.0% during the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider's stock valued at $47,000 after purchasing an additional 250 shares in the last quarter. Finally, MFA Wealth Advisors LLC acquired a new stake in Brink's during the second quarter worth approximately $47,000. Institutional investors own 94.96% of the company's stock.

Wall Street Analysts Forecast Growth

BCO has been the topic of several recent analyst reports. Truist Financial dropped 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. StockNews.com raised Brink's from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 16th. Three 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 company currently has an average rating of "Buy" and a consensus target price of $120.50.

Brink's Stock Up 3.5 %

Shares of BCO stock traded up $3.29 on Friday, hitting $96.55. The stock had a trading volume of 343,872 shares, compared to its average volume of 329,583. The Brink's Company has a 12-month low of $77.07 and a 12-month high of $115.91. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 36.57 and a beta of 1.44. The business has a 50 day moving average of $105.72 and a 200 day moving average of $103.81. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.28). The firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.27 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The company's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $1.92 EPS. As a group, analysts expect that The Brink's Company will post 6.51 EPS for the current year.

Brink's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, November 4th. Brink's's dividend payout ratio is presently 36.74%.

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.