The Brink's Company (NYSE:BCO) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in The Brink's Company (NYSE:BCO - Free Report) by 71.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,566 shares of the business services provider's stock after selling 6,280 shares during the period. SG Americas Securities LLC's holdings in Brink's were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Covestor Ltd boosted its stake in Brink's by 154.8% during the first quarter. Covestor Ltd now owns 316 shares of the business services provider's stock worth $29,000 after buying an additional 192 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Brink's in the first quarter valued at about $37,000. Headlands Technologies LLC acquired a new stake in Brink's during the second quarter worth about $37,000. GAMMA Investing LLC raised its stake in 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 purchasing an additional 250 shares during the period. Finally, MFA Wealth Advisors LLC acquired a new position in Brink's in the 2nd quarter valued at about $47,000. 94.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Brink's Trading Down 1.9 %

Shares of BCO traded down $2.16 during midday trading on Friday, hitting $110.50. 272,672 shares of the stock were exchanged, compared to its average volume of 281,242. The Brink's Company has a 52-week low of $64.97 and a 52-week high of $115.91. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a fifty day simple moving average of $108.64 and a 200 day simple moving average of $102.03. The firm has a market cap of $4.91 billion, a P/E ratio of 42.34 and a beta of 1.43.

Brink's (NYSE:BCO - Get Free Report) last announced its earnings results on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.20. The company had revenue of $1.25 billion during 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%. Brink's's revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS. On average, research analysts anticipate that The Brink's Company will post 7.4 EPS 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. Investors of record on Monday, November 4th will be issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Monday, November 4th. Brink's's dividend payout ratio (DPR) is currently 37.16%.

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.