Southernsun Asset Management LLC Increases Position in The Brink's Company (NYSE:BCO)

Southernsun Asset Management LLC lifted its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 11.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 517,932 shares of the business services provider's stock after purchasing an additional 51,128 shares during the quarter. Brink's comprises approximately 7.1% of Southernsun Asset Management LLC's holdings, making the stock its largest holding. Southernsun Asset Management LLC owned approximately 1.19% of Brink's worth $59,894,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp grew its position in shares of Brink's by 5.1% in the 3rd quarter. State Street Corp now owns 1,718,765 shares of the business services provider's stock worth $198,758,000 after acquiring an additional 82,999 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Brink's by 0.3% in the second 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 during the period. LSV Asset Management boosted its stake in Brink's by 15,919.2% during 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. Wasatch Advisors LP acquired a new position in Brink's in the third quarter worth approximately $59,308,000. Finally, New York State Common Retirement Fund boosted its position 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 valued at $29,213,000 after purchasing an additional 50,292 shares during the period. Institutional investors and hedge funds own 94.96% of the company's stock.

Insider Activity

In other Brink's news, EVP James K. Parks sold 4,000 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 11,103 shares in the company, valued at approximately $1,071,550.53. This represents a 26.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on BCO. Truist Financial cut their target price on shares of Brink's from $144.00 to $138.00 and set a "buy" rating on the stock 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 report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $120.50.

Brink's Trading Up 1.9 %

NYSE:BCO traded up $1.77 on Friday, hitting $95.33. 73,484 shares of the stock were exchanged, compared to its average volume of 262,272. The company's 50-day moving average price is $102.92 and its 200 day moving average price is $103.82. 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 Brink's Company has a 52 week low of $79.03 and a 52 week high of $115.91. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 35.97 and a beta of 1.40.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The company's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 EPS. On average, equities research 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 was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Monday, November 4th. Brink's's dividend payout ratio (DPR) is 36.74%.

About Brink's

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.