Choreo LLC Takes Position in The Brink's Company (NYSE:BCO)

Choreo LLC acquired a new stake in The Brink's Company (NYSE:BCO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,039 shares of the business services provider's stock, valued at approximately $463,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wasatch Advisors LP purchased a new stake in shares of Brink's during the 3rd quarter valued at about $59,308,000. Fiera Capital Corp purchased a new stake in shares of Brink's during the 3rd quarter valued at about $27,460,000. State Street Corp raised its holdings in shares of Brink's by 5.1% during the 3rd quarter. State Street Corp now owns 1,718,765 shares of the business services provider's stock valued at $198,758,000 after buying an additional 82,999 shares during the period. Raymond James & Associates raised its holdings in shares of Brink's by 202.3% during the 3rd quarter. Raymond James & Associates now owns 94,055 shares of the business services provider's stock valued at $10,876,000 after buying an additional 62,942 shares during the period. Finally, Barclays PLC increased its holdings in Brink's by 204.3% during the 3rd quarter. Barclays PLC now owns 81,878 shares of the business services provider's stock worth $9,469,000 after purchasing an additional 54,975 shares during the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP James K. Parks sold 4,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 11,103 shares in the company, valued at $1,071,550.53. The trade was a 26.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.49% of the company's stock.

Analyst Ratings Changes

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

Brink's Stock Down 0.1 %

BCO stock traded down $0.10 during midday trading on Friday, hitting $93.59. 183,742 shares of the company's stock were exchanged, compared to its average volume of 198,766. The Brink's Company has a 12-month low of $79.20 and a 12-month high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 35.45 and a beta of 1.39. The firm has a 50 day moving average price of $92.71 and a 200-day moving average price of $100.16.

Brink's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd will be issued a $0.2425 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.04%. Brink's's dividend payout ratio (DPR) is 36.74%.

About Brink's

The Brink's Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.