The Brink's Company (NYSE:BCO) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in The Brink's Company (NYSE:BCO - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,409 shares of the business services provider's stock after selling 4,998 shares during the quarter. New York State Teachers Retirement System owned 0.13% of Brink's worth $5,326,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its holdings in Brink's by 13.6% in the fourth quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider's stock valued at $6,487,000 after purchasing an additional 8,352 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Brink's by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider's stock worth $27,901,000 after acquiring an additional 23,781 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Brink's by 0.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 73,667 shares of the business services provider's stock worth $8,519,000 after acquiring an additional 543 shares in the last quarter. Raymond James & Associates boosted its stake 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 worth $10,876,000 after acquiring an additional 62,942 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Brink's by 24.9% during the 3rd quarter. New York State Common Retirement Fund now owns 252,617 shares of the business services provider's stock worth $29,213,000 after acquiring an additional 50,292 shares in the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

Brink's Price Performance

Shares of BCO traded down $0.61 during mid-day trading on Friday, hitting $91.68. 366,959 shares of the company were exchanged, compared to its average volume of 211,411. The Brink's Company has a 1-year low of $79.20 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. The company has a 50 day moving average of $92.57 and a 200-day moving average of $99.86. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 34.73 and a beta of 1.39.

Brink's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be given a dividend of $0.2425 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.06%. Brink's's dividend payout ratio (DPR) is presently 36.74%.

Analyst Upgrades and Downgrades

Separately, Truist Financial lowered their target price on shares of Brink's from $144.00 to $138.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Brink's has a consensus rating of "Buy" and a consensus target price of $120.50.

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.