The Brink's Company (NYSE:BCO) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 24.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,617 shares of the business services provider's stock after acquiring an additional 50,292 shares during the quarter. New York State Common Retirement Fund owned approximately 0.57% of Brink's worth $29,213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BCO. Covestor Ltd boosted its holdings in shares of Brink's by 154.8% during the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider's stock worth $29,000 after purchasing an additional 192 shares during the last quarter. LRI Investments LLC purchased a new stake in Brink's in the 1st quarter valued at $37,000. Headlands Technologies LLC acquired a new stake in shares of Brink's in the 2nd quarter worth $37,000. GAMMA Investing LLC raised its holdings in shares of Brink's by 119.0% during the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider's stock worth $47,000 after acquiring an additional 250 shares during the period. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Brink's during the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 94.96% of the company's stock.

Analysts Set New Price Targets

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

Brink's Stock Up 0.7 %

Shares of BCO stock traded up $0.68 during trading hours on Monday, reaching $103.88. 155,142 shares of the stock were exchanged, compared to its average volume of 253,222. The business's fifty day moving average is $109.01 and its two-hundred day moving average is $103.14. The firm has a market capitalization of $4.59 billion, a P/E ratio of 34.95 and a beta of 1.44. The Brink's Company has a 12-month low of $69.92 and a 12-month high of $115.91. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57.

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

Brink's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Monday, November 4th. Brink's's dividend payout ratio (DPR) is presently 32.77%.

About Brink's

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.