Citigroup Inc. Has $4.89 Million Stock Holdings in The Brink's Company (NYSE:BCO)

Citigroup Inc. lifted its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 134.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,301 shares of the business services provider's stock after buying an additional 24,236 shares during the quarter. Citigroup Inc. owned about 0.10% of Brink's worth $4,892,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. SG Americas Securities LLC increased its holdings in Brink's by 219.9% in the 2nd quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider's stock valued at $906,000 after buying an additional 6,081 shares during the period. Renaissance Technologies LLC increased its stake in Brink's by 36.8% in the second quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider's stock valued at $23,962,000 after acquiring an additional 63,000 shares during the last quarter. Sei Investments Co. raised its position in Brink's by 9.9% during the second quarter. Sei Investments Co. now owns 235,459 shares of the business services provider's stock valued at $24,111,000 after purchasing an additional 21,194 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Brink's by 53.8% during the second quarter. Canada Pension Plan Investment Board now owns 26,000 shares of the business services provider's stock worth $2,662,000 after purchasing an additional 9,100 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Brink's by 0.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 73,667 shares of the business services provider's stock valued at $8,519,000 after purchasing an additional 543 shares in the last quarter. Institutional investors own 94.96% of the company's stock.

Brink's Price Performance

BCO stock traded down $2.20 during midday trading on Tuesday, reaching $94.94. 342,508 shares of the stock were exchanged, compared to its average volume of 263,466. 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 stock has a market capitalization of $4.14 billion, a PE ratio of 35.96 and a beta of 1.40. The Brink's Company has a 52 week low of $79.03 and a 52 week high of $115.91. The company has a fifty day moving average price of $103.64 and a 200 day moving average price of $103.95.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.28). Brink's had a net margin of 2.37% and a return on equity of 71.46%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company earned $1.92 EPS. The business's quarterly revenue was down 3.4% compared to the same quarter last year. As a group, 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 disclosed 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 dividend on an annualized basis and a yield of 1.02%. Brink's's payout ratio is 36.74%.

Insider Activity at Brink's

In other Brink's news, EVP James K. Parks sold 4,000 shares of the 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 of the company's stock, valued at approximately $1,071,550.53. This represents a 26.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BCO has been the subject of a number of research analyst reports. StockNews.com raised Brink's from a "buy" rating to a "strong-buy" rating in a report on Friday, August 16th. Truist Financial lowered their target price on Brink's from $144.00 to $138.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Three equities 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 an average rating of "Buy" and an average price target of $120.50.

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.