Martingale Asset Management L P Invests $667,000 in The Brink's Company (NYSE:BCO)

Martingale Asset Management L P purchased a new position in shares of The Brink's Company (NYSE:BCO - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,766 shares of the business services provider's stock, valued at approximately $667,000.

A number of other institutional investors also recently bought and sold shares of BCO. Headlands Technologies LLC purchased a new stake in shares of Brink's in the 2nd quarter valued at about $37,000. MFA Wealth Advisors LLC purchased a new stake in shares of Brink's in the 2nd quarter valued at about $47,000. GAMMA Investing LLC lifted its holdings in shares of Brink's by 119.0% in the 2nd 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. First Horizon Advisors Inc. lifted its holdings in shares of Brink's by 200.5% in the 3rd 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. Finally, Rothschild Investment LLC purchased a new stake in shares of Brink's in the 2nd quarter valued at about $85,000. 94.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Brink's news, EVP James K. Parks sold 4,000 shares of the firm'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 transaction, the executive vice president now owns 11,103 shares of the company's stock, valued at approximately $1,071,550.53. This trade represents a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by company insiders.

Brink's Price Performance

NYSE BCO traded down $2.20 during mid-day trading on Tuesday, hitting $94.94. The stock had a trading volume of 342,508 shares, compared to its average volume of 263,466. The Brink's Company has a 52-week low of $79.03 and a 52-week high of $115.91. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 35.96 and a beta of 1.40. The company has a 50 day simple moving average of $103.98 and a 200 day simple moving average of $103.97. 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 released 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 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 analysts' expectations of $1.27 billion. During the same period in the previous year, the business earned $1.92 earnings per share. The business's revenue for the quarter was down 3.4% on a year-over-year basis. Equities analysts forecast that The Brink's Company will post 6.51 EPS for the current fiscal year.

Brink's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Monday, November 4th. Brink's's payout ratio is 36.74%.

Wall Street Analyst Weigh In

BCO has been the subject of several research reports. Truist Financial reduced their target price on Brink's from $144.00 to $138.00 and set a "buy" rating for the company in a report on Thursday, November 7th. StockNews.com raised Brink's from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 16th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $120.50.

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.