The Brink's Company (NYSE:BCO) Position Trimmed by Blue Square Asset Management LLC

Blue Square Asset Management LLC lessened its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 47.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,725 shares of the business services provider's stock after selling 4,333 shares during the period. Blue Square Asset Management LLC's holdings in Brink's were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BCO. JPMorgan Chase & Co. raised its stake in shares of Brink's by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider's stock valued at $27,901,000 after acquiring an additional 23,781 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Brink's by 0.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 73,667 shares of the business services provider's stock valued at $8,519,000 after buying an additional 543 shares in the last quarter. Raymond James & Associates boosted its stake in Brink's by 202.3% during the 3rd quarter. Raymond James & Associates now owns 94,055 shares of the business services provider's stock worth $10,876,000 after purchasing an additional 62,942 shares during the period. Millennium Management LLC boosted its stake in Brink's by 150.2% during the 2nd quarter. Millennium Management LLC now owns 51,798 shares of the business services provider's stock worth $5,304,000 after purchasing an additional 31,094 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Brink's by 504.9% during the 2nd quarter. Mackenzie Financial Corp now owns 17,511 shares of the business services provider's stock worth $1,793,000 after purchasing an additional 14,616 shares during the period. Hedge funds and other institutional investors own 94.96% of the company's stock.

Insider Buying and Selling

In other Brink's news, EVP James K. Parks sold 4,000 shares of Brink'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 transaction of $386,040.00. Following the transaction, the executive vice president now directly owns 11,103 shares of the company's stock, valued at $1,071,550.53. The trade was a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company's stock.

Brink's Price Performance

NYSE:BCO traded up $1.12 during trading hours on Friday, reaching $93.42. 197,905 shares of the company traded hands, compared to its average volume of 164,586. The stock has a market cap of $4.08 billion, a P/E ratio of 35.39 and a beta of 1.40. 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 firm's 50-day moving average is $93.30 and its 200-day moving average is $101.58. The Brink's Company has a 1-year low of $79.03 and a 1-year high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The business's quarterly revenue was down 3.4% compared to the same quarter last year. Equities research analysts expect that The Brink's Company will post 6.51 earnings per share for the current fiscal year.

Brink's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be given a $0.2425 dividend. The ex-dividend date is Monday, February 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.04%. Brink's's dividend payout ratio is presently 36.74%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut their price objective on shares of 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 equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Brink's presently has a consensus rating of "Buy" and an average price target of $120.50.

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.