The Brink's Company (NYSE:BCO) Shares Purchased by Barclays PLC

Barclays PLC increased its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 204.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,878 shares of the business services provider's stock after purchasing an additional 54,975 shares during the period. Barclays PLC owned approximately 0.19% of Brink's worth $9,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BCO. US Bancorp DE lifted its stake in shares of Brink's by 7.1% in the 3rd quarter. US Bancorp DE now owns 1,584 shares of the business services provider's stock valued at $183,000 after purchasing an additional 105 shares during the period. Arizona State Retirement System raised its position in shares of Brink's by 1.1% in the second quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider's stock worth $1,282,000 after acquiring an additional 140 shares during the period. Quarry LP boosted its stake in shares of Brink's by 21.4% during the 2nd quarter. Quarry LP now owns 852 shares of the business services provider's stock worth $87,000 after acquiring an additional 150 shares in the last quarter. Inspire Investing LLC raised its holdings in Brink's by 4.6% in the 3rd quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider's stock worth $412,000 after purchasing an additional 156 shares during the period. Finally, Measured Wealth Private Client Group LLC grew its holdings in Brink's by 7.0% in the third quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider's stock valued at $321,000 after purchasing an additional 181 shares during the period. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink's Price Performance

Shares of NYSE BCO traded down $5.04 during midday trading on Wednesday, hitting $89.60. The stock had a trading volume of 339,926 shares, compared to its average volume of 262,930. 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 1 year low of $79.03 and a 1 year high of $115.91. The company has a market capitalization of $3.91 billion, a PE ratio of 33.94 and a beta of 1.40. The stock has a 50 day simple moving average of $100.19 and a 200-day simple moving average of $103.56.

Brink's (NYSE:BCO - Get Free Report) last released its earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.28). The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.27 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. Brink's's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.92 EPS. On average, sell-side analysts expect that The Brink's Company will post 6.51 EPS for the current fiscal year.

Brink's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were issued a $0.2425 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 1.08%. Brink's's dividend payout ratio is presently 36.74%.

Analyst Ratings Changes

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

Insiders Place Their Bets

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 shares were sold at an average price of $96.51, for a total transaction of $386,040.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

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.