The Brink's Company (NYSE:BCO) Stake Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its stake in shares of The Brink's Company (NYSE:BCO - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,877 shares of the business services provider's stock after purchasing an additional 4,727 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.05% of Brink's worth $2,122,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mather Group LLC. boosted its holdings in shares of Brink's by 146.2% during the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock worth $27,000 after buying an additional 174 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Brink's in the 4th quarter valued at about $36,000. Golden State Wealth Management LLC purchased a new position in Brink's in the fourth quarter worth $55,000. First Horizon Advisors Inc. raised its position in Brink's by 200.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock worth $71,000 after purchasing an additional 407 shares during the period. Finally, KBC Group NV grew its stake in shares of Brink's by 61.6% in the fourth quarter. KBC Group NV now owns 1,721 shares of the business services provider's stock worth $160,000 after purchasing an additional 656 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Brink's Stock Performance

Shares of BCO traded up $2.55 during trading hours on Wednesday, hitting $97.00. The stock had a trading volume of 174,078 shares, compared to its average volume of 216,799. The Brink's Company has a fifty-two week low of $79.20 and a fifty-two week high of $115.91. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 36.74 and a beta of 1.39. 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 firm has a 50-day moving average price of $92.42 and a 200 day moving average price of $99.79.

Remove Ads

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.26. Brink's had a net margin of 2.37% and a return on equity of 71.46%. As a group, research analysts anticipate that The Brink's Company will post 6.49 EPS for the current year.

Brink's Dividend Announcement

The company 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 dividend of $0.2425 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 1.00%. Brink's's dividend payout ratio (DPR) is currently 36.74%.

Wall Street Analysts Forecast Growth

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

About Brink's

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.