Charles Schwab Investment Management Inc. Sells 11,811 Shares of The Brink's Company (NYSE:BCO)

Charles Schwab Investment Management Inc. cut its stake in The Brink's Company (NYSE:BCO - Free Report) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 536,739 shares of the business services provider's stock after selling 11,811 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.23% of Brink's worth $62,068,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. SG Americas Securities LLC lifted its position in Brink's by 219.9% during the second quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider's stock worth $906,000 after acquiring an additional 6,081 shares during the last quarter. Tidal Investments LLC lifted its holdings in Brink's by 228.6% during the 1st quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider's stock worth $1,580,000 after purchasing an additional 11,899 shares during the last quarter. Renaissance Technologies LLC boosted its stake in 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 purchasing an additional 63,000 shares during the period. Sei Investments Co. grew its holdings in Brink's by 9.9% in the 2nd quarter. Sei Investments Co. now owns 235,459 shares of the business services provider's stock valued at $24,111,000 after buying an additional 21,194 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Brink's by 53.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 26,000 shares of the business services provider's stock worth $2,662,000 after buying an additional 9,100 shares during the period. Institutional investors and hedge funds own 94.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial decreased their price target on shares of 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 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $120.50.

Brink's Price Performance

BCO stock traded up $0.50 during midday trading on Friday, reaching $96.71. The company had a trading volume of 177,087 shares, compared to its average volume of 262,841. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 36.73 and a beta of 1.44. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The Brink's Company has a 1-year low of $78.13 and a 1-year high of $115.91. The stock has a 50 day moving average price of $104.30 and a 200-day moving average price of $103.88.

Brink's (NYSE:BCO - Get Free Report) last issued its earnings results 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 analyst estimates of $1.27 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. Brink's's quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Equities research analysts expect that The Brink's Company will post 6.51 earnings per share for the current year.

Brink's Dividend Announcement

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

Insider Activity

In related news, EVP James K. Parks sold 4,000 shares of the company's stock in a transaction on 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 sale, the executive vice president now directly owns 11,103 shares in the company, valued at $1,071,550.53. This represents a 26.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.49% of the company's stock.

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.