5,118 Shares in The Brink's Company (NYSE:BCO) Acquired by Redmont Wealth Advisors LLC

Redmont Wealth Advisors LLC purchased a new position in shares of The Brink's Company (NYSE:BCO - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,118 shares of the business services provider's stock, valued at approximately $592,000. Brink's accounts for approximately 0.9% of Redmont Wealth Advisors LLC's investment portfolio, making the stock its 26th biggest position.

Other large investors have also made changes to their positions in the company. Arizona State Retirement System increased its position in shares of Brink's by 1.1% in the second quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider's stock valued at $1,282,000 after buying an additional 140 shares in the last quarter. Retirement Systems of Alabama increased its holdings in Brink's by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 56,573 shares of the business services provider's stock valued at $5,226,000 after acquiring an additional 148 shares in the last quarter. Quarry LP raised its position in Brink's by 21.4% during the second quarter. Quarry LP now owns 852 shares of the business services provider's stock worth $87,000 after acquiring an additional 150 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Brink's by 4.6% in the third quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider's stock valued at $412,000 after purchasing an additional 156 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of Brink's by 154.8% in the first 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 last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Trading Down 1.9 %

BCO stock traded down $2.16 during midday trading on Friday, hitting $110.50. The stock had a trading volume of 260,313 shares, compared to its average volume of 281,242. The company's 50-day moving average price is $108.64 and its 200 day moving average price is $101.87. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market cap of $4.88 billion, a PE ratio of 37.33 and a beta of 1.43. The Brink's Company has a 12-month low of $64.97 and a 12-month high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.20. The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.26 billion. Brink's had a return on equity of 69.80% and a net margin of 2.73%. The business's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 earnings per share. On average, equities research analysts predict that The Brink's Company will post 7.4 earnings per share for the current fiscal year.

Brink's Dividend Announcement

The business 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 dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Monday, November 4th. Brink's's dividend payout ratio is currently 32.77%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BCO. Truist Financial lifted their price objective on Brink's from $110.00 to $144.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. StockNews.com raised Brink's from a "buy" rating to a "strong-buy" rating in a report on Friday, August 16th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $123.50.

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.