Harbor Capital Advisors Inc. raised its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 68.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,367 shares of the business services provider's stock after purchasing an additional 8,647 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Brink's were worth $2,471,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Brink's by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider's stock valued at $430,749,000 after acquiring an additional 63,853 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Brink's by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,006,620 shares of the business services provider's stock worth $103,079,000 after purchasing an additional 3,319 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its position in shares of Brink's by 4.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 928,887 shares of the business services provider's stock valued at $85,811,000 after buying an additional 41,678 shares in the last quarter. LSV Asset Management lifted its holdings in Brink's by 15,919.2% in the 2nd quarter. LSV Asset Management now owns 800,961 shares of the business services provider's stock valued at $82,018,000 after purchasing an additional 795,961 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Brink's by 24.9% in 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 during the last quarter. 94.96% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have weighed in on BCO. Truist Financial lifted their target price on Brink's from $110.00 to $144.00 and gave the company a "buy" rating in a research report on Friday, September 20th. StockNews.com raised shares of Brink's from a "buy" rating to a "strong-buy" rating in a report on Friday, August 16th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $123.50.
View Our Latest Report on BCO
Brink's Price Performance
Shares of NYSE:BCO traded down $0.14 on Tuesday, hitting $103.74. The stock had a trading volume of 404,370 shares, compared to its average volume of 253,928. The firm's 50 day moving average price is $108.80 and its 200-day moving average price is $103.38. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 35.05 and a beta of 1.44. 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 Brink's Company has a twelve month low of $69.92 and a twelve month high of $115.91.
Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.20. Brink's had a return on equity of 69.80% and a net margin of 2.73%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm posted $1.18 EPS. The business's revenue was up 3.0% on a year-over-year basis. On average, equities research analysts predict that The Brink's Company will post 7.4 earnings per share for the current year.
Brink's Dividend Announcement
The business also recently announced 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 annualized dividend and a yield of 0.94%. The ex-dividend date is Monday, November 4th. Brink's's payout ratio is presently 32.77%.
Brink's Profile
(
Free Report)
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.
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