Principal Financial Group Inc. Has $14.41 Million Position in The Brink's Company (NYSE:BCO)

Principal Financial Group Inc. decreased its position in The Brink's Company (NYSE:BCO - Free Report) by 25.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 124,599 shares of the business services provider's stock after selling 43,382 shares during the period. Principal Financial Group Inc. owned about 0.28% of Brink's worth $14,409,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Covestor Ltd raised its holdings in Brink's by 154.8% during the first quarter. Covestor Ltd now owns 316 shares of the business services provider's stock worth $29,000 after acquiring an additional 192 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Brink's in the 1st quarter valued at approximately $37,000. Headlands Technologies LLC bought a new position in shares of Brink's in the second quarter valued at $37,000. GAMMA Investing LLC increased its holdings in Brink's by 119.0% during the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider's stock worth $47,000 after buying an additional 250 shares during the last quarter. Finally, MFA Wealth Advisors LLC bought a new stake in Brink's during the second quarter worth $47,000. 94.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BCO shares. Truist Financial reduced their price target on Brink's from $144.00 to $138.00 and set a "buy" rating for the company in a report on Thursday, November 7th. StockNews.com raised Brink's from a "buy" rating to a "strong-buy" rating in a research 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. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $120.50.

Brink's Trading Down 2.6 %

NYSE BCO traded down $2.43 on Friday, reaching $91.41. The company had a trading volume of 307,003 shares, compared to its average volume of 336,726. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 34.63 and a beta of 1.44. 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 Brink's Company has a fifty-two week low of $75.41 and a fifty-two week high of $115.91. The business has a 50 day moving average of $107.09 and a two-hundred day moving average of $103.89.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly 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). Brink's had a net margin of 2.37% and a return on equity of 71.46%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the company posted $1.92 EPS. The company's quarterly revenue was down 3.4% on a year-over-year basis. Analysts forecast that The Brink's Company will post 6.51 EPS for the current year.

Brink's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a $0.2425 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 1.06%. Brink's's dividend payout ratio is presently 36.74%.

Brink's Company Profile

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.