Fiera Capital Corp Takes $27.46 Million Position in The Brink's Company (NYSE:BCO)

Fiera Capital Corp acquired a new stake in The Brink's Company (NYSE:BCO - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 237,457 shares of the business services provider's stock, valued at approximately $27,460,000. Fiera Capital Corp owned about 0.54% of Brink's at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Texas Permanent School Fund Corp increased its holdings in shares of Brink's by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 38,995 shares of the business services provider's stock worth $3,602,000 after purchasing an additional 487 shares during the period. LSV Asset Management increased its stake in Brink's by 56.3% in the first quarter. LSV Asset Management now owns 5,000 shares of the business services provider's stock valued at $462,000 after acquiring an additional 1,800 shares during the last quarter. Horizon Investment Services LLC increased its stake in Brink's by 11.8% in the first quarter. Horizon Investment Services LLC now owns 9,710 shares of the business services provider's stock valued at $897,000 after acquiring an additional 1,025 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Brink's by 10,280.0% in the first quarter. Russell Investments Group Ltd. now owns 2,595 shares of the business services provider's stock valued at $240,000 after acquiring an additional 2,570 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Brink's by 2.2% in the first quarter. ProShare Advisors LLC now owns 10,235 shares of the business services provider's stock valued at $946,000 after acquiring an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Analysts Set New Price Targets

BCO has been the subject of several analyst reports. Truist Financial cut their price target on shares of Brink's from $144.00 to $138.00 and set a "buy" rating for the company in a research report on Thursday. StockNews.com raised shares of Brink's from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $120.50.

Brink's Stock Performance

Shares of Brink's stock traded down $0.94 on Friday, hitting $99.57. 414,790 shares of the company's stock were exchanged, compared to its average volume of 259,385. The company has a 50-day simple moving average of $108.28 and a 200-day simple moving average of $103.43. The stock has a market capitalization of $4.40 billion, a PE ratio of 37.74 and a beta of 1.44. The Brink's Company has a 1 year low of $72.68 and a 1 year high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57.

Brink's (NYSE:BCO - Get Free Report) last issued its earnings results 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). The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.27 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The company's quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.92 EPS. As a group, equities analysts anticipate that The Brink's Company will post 6.65 EPS for the current year.

Brink's Announces Dividend

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

About Brink's

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.