FMR LLC decreased its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 7.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,244,648 shares of the business services provider's stock after selling 354,287 shares during the quarter. FMR LLC owned about 9.73% of Brink's worth $490,851,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in Brink's in the second quarter worth about $37,000. LRI Investments LLC bought a new position in shares of Brink's during the 1st quarter valued at approximately $37,000. MFA Wealth Advisors LLC purchased a new stake in Brink's during the 2nd quarter valued at $47,000. GAMMA Investing LLC raised its holdings in Brink's by 119.0% during the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider's stock valued at $47,000 after buying an additional 250 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in Brink's by 200.5% in the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock worth $71,000 after buying an additional 407 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.
Insider Activity at Brink's
In other news, EVP James K. Parks sold 4,000 shares of Brink's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the transaction, the executive vice president now directly owns 11,103 shares in the company, valued at approximately $1,071,550.53. This trade 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 hyperlink. 0.49% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on BCO. Truist Financial reduced 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 Brink's from a "buy" rating to a "strong-buy" rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $120.50.
Get Our Latest Stock Report on Brink's
Brink's Trading Up 0.5 %
BCO traded up $0.50 during trading on Friday, hitting $96.71. 177,087 shares of the stock were exchanged, compared to its average volume of 262,841. The Brink's Company has a 1 year low of $78.13 and a 1 year high of $115.91. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 36.73 and a beta of 1.44. The firm has a 50 day simple moving average of $104.30 and a 200 day simple moving average of $103.88. 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 quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 EPS 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 analysts' expectations of $1.27 billion. During the same quarter in the prior year, the business posted $1.92 EPS. The business's quarterly revenue was down 3.4% on a year-over-year basis. As a group, equities analysts expect 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, December 2nd. Stockholders of record on Monday, November 4th will be paid a dividend of $0.2425 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.00%. Brink's's dividend payout ratio is presently 36.74%.
Brink's Profile
(
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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