The Brink's Company (NYSE:BCO) Shares Purchased by Profit Investment Management LLC

Profit Investment Management LLC raised its holdings in The Brink's Company (NYSE:BCO - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,648 shares of the business services provider's stock after buying an additional 3,005 shares during the quarter. Brink's comprises 1.8% of Profit Investment Management LLC's holdings, making the stock its 23rd largest position. Profit Investment Management LLC owned 0.06% of Brink's worth $2,287,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of BCO. First Horizon Advisors Inc. increased its position in shares of Brink's by 200.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock valued at $71,000 after acquiring an additional 407 shares during the period. Quarry LP boosted its holdings in Brink's by 21.4% in the second quarter. Quarry LP now owns 852 shares of the business services provider's stock valued at $87,000 after purchasing an additional 150 shares during the last quarter. GAMMA Investing LLC grew its position in Brink's by 137.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,091 shares of the business services provider's stock worth $126,000 after purchasing an additional 631 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Brink's during the 2nd quarter valued at about $152,000. Finally, US Bancorp DE lifted its holdings in shares of Brink's by 7.1% in the 3rd quarter. US Bancorp DE now owns 1,584 shares of the business services provider's stock valued at $183,000 after buying an additional 105 shares during the period. Hedge funds and other institutional investors own 94.96% of the company's stock.

Analyst Ratings Changes

Separately, Truist Financial reduced their price target on Brink's from $144.00 to $138.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Brink's presently has an average rating of "Buy" and an average target price of $120.50.

Brink's Price Performance

BCO stock traded up $1.62 during mid-day trading on Friday, reaching $92.58. 244,927 shares of the company's stock were exchanged, compared to its average volume of 206,975. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The Brink's Company has a 12-month low of $79.03 and a 12-month high of $115.91. The stock's 50 day moving average is $93.69 and its 200 day moving average is $101.94. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 35.07 and a beta of 1.40.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.79 by ($0.28). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. Brink's's revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.92 EPS. On average, research analysts expect that The Brink's Company will post 6.51 EPS for the current year.

Brink's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd will be paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, February 3rd. Brink's's dividend payout ratio is presently 36.74%.

Insider Buying and Selling

In other news, EVP James K. Parks sold 4,000 shares of the firm's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $96.51, for a total value of $386,040.00. Following the transaction, the executive vice president now directly owns 11,103 shares of the company's stock, valued at approximately $1,071,550.53. This trade represents a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.49% of the stock is owned by company insiders.

Brink's Company Profile

The Brink's Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.