Ontario Teachers Pension Plan Board Has $1.83 Million Stock Position in The Brink's Company (NYSE:BCO)

Ontario Teachers Pension Plan Board decreased its position in The Brink's Company (NYSE:BCO - Free Report) by 62.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,787 shares of the business services provider's stock after selling 26,024 shares during the period. Ontario Teachers Pension Plan Board's holdings in Brink's were worth $1,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BCO. Covestor Ltd lifted its holdings in shares of Brink's by 154.8% in the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider's stock worth $29,000 after acquiring an additional 192 shares during the last quarter. Headlands Technologies LLC purchased a new position in Brink's during the 2nd quarter valued at about $37,000. LRI Investments LLC acquired a new position in shares of Brink's in the first quarter valued at approximately $37,000. MFA Wealth Advisors LLC acquired a new position in Brink's during the second quarter worth approximately $47,000. Finally, GAMMA Investing LLC grew 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 buying an additional 250 shares during the period. Hedge funds and other institutional investors own 94.96% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BCO. Truist Financial decreased their target price on shares of Brink's from $144.00 to $138.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. StockNews.com upgraded shares of Brink's from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 16th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Brink's currently has a consensus rating of "Buy" and an average price target of $120.50.

Brink's Price Performance

Shares of NYSE:BCO traded up $0.75 during trading hours on Wednesday, hitting $92.51. 284,494 shares of the company's stock traded hands, compared to its average volume of 262,341. The Brink's Company has a 52 week low of $76.93 and a 52 week high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The company's fifty day simple moving average is $106.30 and its two-hundred day simple moving average is $103.84. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 35.04 and a beta of 1.44.

Brink's (NYSE:BCO - Get Free Report) last announced its 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 firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business earned $1.92 earnings per share. The business's quarterly revenue was down 3.4% compared to the same quarter last year. As a group, equities analysts anticipate that The Brink's Company will post 6.51 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 given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 1.05%. The ex-dividend date is Monday, November 4th. Brink's's payout ratio is presently 36.74%.

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.