The Brink's Company (NYSE:BCO) Shares Acquired by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. grew its stake in shares of The Brink's Company (NYSE:BCO - Free Report) by 62.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,600 shares of the business services provider's stock after buying an additional 16,000 shares during the quarter. Nicola Wealth Management LTD. owned approximately 0.09% of Brink's worth $4,811,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd grew its position in Brink's by 154.8% in the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider's stock valued at $29,000 after purchasing an additional 192 shares during the period. LRI Investments LLC bought a new stake in Brink's in the 1st quarter valued at about $37,000. Headlands Technologies LLC purchased a new stake in shares of Brink's during the 2nd quarter valued at approximately $37,000. GAMMA Investing LLC lifted its position in shares of Brink's by 119.0% during the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider's stock worth $47,000 after acquiring an additional 250 shares in the last quarter. Finally, MFA Wealth Advisors LLC bought a new position in Brink's in the 2nd quarter worth about $47,000. Institutional investors and hedge funds own 94.96% of the company's stock.

Brink's Stock Performance

BCO stock traded down $1.76 during midday trading on Thursday, reaching $93.84. 383,914 shares of the company's stock traded hands, compared to its average volume of 261,784. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The Brink's Company has a 52-week low of $75.41 and a 52-week high of $115.91. The stock has a market cap of $4.10 billion, a P/E ratio of 35.55 and a beta of 1.44. The stock's 50-day moving average is $107.38 and its 200 day moving average is $103.65.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing the consensus estimate 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 quarter in the previous year, the firm earned $1.92 EPS. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, analysts anticipate that The Brink's Company will post 6.51 EPS for the current year.

Brink's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.2425 per share. The ex-dividend date is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 1.03%. Brink's's dividend payout ratio (DPR) is 36.74%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Truist Financial decreased their price objective on shares of Brink's from $144.00 to $138.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. StockNews.com raised Brink's from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.