MQS Management LLC Makes New Investment in The Brink's Company (NYSE:BCO)

MQS Management LLC purchased a new stake in The Brink's Company (NYSE:BCO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,706 shares of the business services provider's stock, valued at approximately $775,000.

Several other hedge funds and other institutional investors also recently modified their holdings of BCO. Russell Investments Group Ltd. raised its position in shares of 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 purchasing an additional 2,570 shares during the period. ProShare Advisors LLC grew its stake in Brink's by 2.2% during 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 in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Brink's by 15.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 15,277 shares of the business services provider's stock valued at $1,411,000 after acquiring an additional 2,100 shares in the last quarter. Motco purchased a new position in Brink's during the first quarter valued at approximately $116,000. Finally, Jupiter Asset Management Ltd. purchased a new position in Brink's during the first quarter valued at approximately $1,945,000. Institutional investors own 94.96% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on BCO. StockNews.com raised shares of Brink's from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 16th. Truist Financial reduced their price objective on shares of 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $120.50.

Brink's Price Performance

BCO stock traded down $1.03 during midday trading on Wednesday, reaching $95.60. The company had a trading volume of 408,487 shares, compared to its average volume of 261,066. 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 $75.41 and a 1 year high of $115.91. The company has a market capitalization of $4.17 billion, a P/E ratio of 36.79 and a beta of 1.44. The firm has a 50-day moving average price of $107.86 and a 200-day moving average price of $103.78.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing analysts' consensus estimates of $1.79 by ($0.28). Brink's had a return on equity of 71.46% and a net margin of 2.37%. The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the prior year, the firm earned $1.92 EPS. Brink's's quarterly revenue was down 3.4% on a year-over-year basis. On average, research analysts anticipate that The Brink's Company will post 6.51 earnings per share for the current fiscal year.

Brink's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a $0.2425 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.01%. Brink's's dividend payout ratio (DPR) is 36.74%.

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.