Bridgewater Associates LP trimmed its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 23.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,983 shares of the business services provider's stock after selling 11,387 shares during the period. Bridgewater Associates LP owned 0.08% of Brink's worth $4,277,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the company. LRI Investments LLC acquired a new position in shares of Brink's in the first quarter valued at $37,000. Headlands Technologies LLC acquired a new position in shares of Brink's in the second quarter valued at $37,000. MFA Wealth Advisors LLC acquired a new position in shares of Brink's in the second quarter valued at $47,000. GAMMA Investing LLC increased its holdings in shares of Brink's by 119.0% in the second 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 during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Brink's by 200.5% in the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock valued at $71,000 after purchasing an additional 407 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.
Brink's Stock Performance
Shares of Brink's stock traded up $0.50 during trading on Friday, reaching $96.71. The company's stock had a trading volume of 177,087 shares, compared to its average volume of 262,841. The business's 50-day moving average price is $104.30 and its 200-day moving average price is $103.88. The firm has a market cap of $4.22 billion, a PE ratio of 36.73 and a beta of 1.44. The Brink's Company has a 52 week low of $78.13 and a 52 week high of $115.91. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76.
Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.28). Brink's had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the company earned $1.92 EPS. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts forecast that The Brink's Company will post 6.51 earnings per share for the current year.
Brink's Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a dividend of $0.2425 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 annualized dividend and a yield of 1.00%. Brink's's dividend payout ratio is 36.74%.
Analysts Set New Price Targets
BCO has been the topic of several research reports. Truist Financial decreased 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 raised shares of Brink's from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $120.50.
View Our Latest Stock Report on BCO
Insider Buying and Selling
In other Brink's news, EVP James K. Parks sold 4,000 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was 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 of the company's stock, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by company insiders.
Brink's 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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