The Brink's Company (NYSE:BCO) Shares Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC raised its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 13.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,930 shares of the business services provider's stock after acquiring an additional 8,352 shares during the quarter. Sound Income Strategies LLC owned approximately 0.16% of Brink's worth $6,487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of BCO. Inspire Investing LLC raised its position in shares of Brink's by 21.2% during the 4th quarter. Inspire Investing LLC now owns 4,323 shares of the business services provider's stock worth $401,000 after purchasing an additional 756 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Brink's by 59.7% in the fourth quarter. SG Americas Securities LLC now owns 4,097 shares of the business services provider's stock worth $380,000 after acquiring an additional 1,531 shares during the last quarter. Westside Investment Management Inc. raised its holdings in shares of Brink's by 0.8% in the fourth quarter. Westside Investment Management Inc. now owns 30,653 shares of the business services provider's stock worth $2,844,000 after acquiring an additional 232 shares during the last quarter. Profit Investment Management LLC boosted its position in Brink's by 13.9% during the fourth quarter. Profit Investment Management LLC now owns 24,648 shares of the business services provider's stock worth $2,287,000 after acquiring an additional 3,005 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in Brink's by 1.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 21,574 shares of the business services provider's stock valued at $2,001,000 after acquiring an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Stock Up 1.2 %

Shares of NYSE:BCO traded up $1.12 during mid-day trading on Friday, hitting $93.42. 197,905 shares of the company traded hands, compared to its average volume of 192,696. The firm has a market cap of $4.08 billion, a P/E ratio of 35.39 and a beta of 1.40. The Brink's Company has a 52-week low of $79.03 and a 52-week high of $115.91. The firm's 50 day simple moving average is $93.29 and its 200 day simple moving average is $101.70. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57.

Brink's (NYSE:BCO - Get Free Report) last announced its 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). The firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 earnings per share. On average, equities analysts anticipate that The Brink's Company will post 6.51 EPS for the current year.

Brink's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2425 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.97 annualized dividend and a yield of 1.04%. Brink's's dividend payout ratio is presently 36.74%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Brink's

In other news, EVP James K. Parks sold 4,000 shares of the business'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 completion of the sale, the executive vice president now owns 11,103 shares of the company's stock, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Brink's 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.