Seizert Capital Partners LLC bought a new stake in shares of The Brink's Company (NYSE:BCO - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,799 shares of the business services provider's stock, valued at approximately $1,943,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its holdings in Brink's by 154.8% during the first quarter. Covestor Ltd now owns 316 shares of the business services provider's stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. LRI Investments LLC purchased a new position in Brink's in the 1st quarter valued at about $37,000. Headlands Technologies LLC acquired a new stake in Brink's in the 2nd quarter worth about $37,000. GAMMA Investing LLC increased its stake in 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 buying an additional 250 shares in the last quarter. Finally, MFA Wealth Advisors LLC acquired a new position in shares of Brink's during the second quarter valued at approximately $47,000. Institutional investors and hedge funds own 94.96% of the company's stock.
Brink's Trading Down 2.6 %
NYSE BCO traded down $2.43 on Friday, reaching $91.41. 307,003 shares of the company were exchanged, compared to its average volume of 336,726. The Brink's Company has a fifty-two week low of $75.41 and a fifty-two week high of $115.91. The stock has a market capitalization of $3.99 billion, a P/E ratio of 34.63 and a beta of 1.44. The business's fifty day moving average price is $107.09 and its 200 day moving average price is $103.78. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76.
Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.28). Brink's had a net margin of 2.37% and a return on equity of 71.46%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the firm posted $1.92 EPS. The company's revenue was down 3.4% compared to the same quarter last year. Analysts forecast that The Brink's Company will post 6.51 earnings per share for the current 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 yield of 1.06%. The ex-dividend date of this dividend is Monday, November 4th. Brink's's dividend payout ratio is presently 36.74%.
Wall Street Analyst Weigh In
Several analysts recently commented on BCO shares. Truist Financial dropped 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. StockNews.com upgraded shares of Brink's from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 16th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Brink's presently has an average rating of "Buy" and an average target price of $120.50.
Check Out Our Latest Report on Brink's
About Brink's
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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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