UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in The Brink's Company (NYSE:BCO - Free Report) by 9.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,296 shares of the business services provider's stock after selling 9,246 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of Brink's worth $9,864,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Brink's by 119.0% in the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider's stock valued at $47,000 after acquiring an additional 250 shares during the period. SG Americas Securities LLC increased its position in shares of Brink's by 219.9% in the second quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider's stock valued at $906,000 after acquiring an additional 6,081 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Brink's in the second quarter valued at about $228,000. Swedbank AB purchased a new position in shares of Brink's in the second quarter valued at about $7,700,000. Finally, Blue Trust Inc. increased its position in shares of Brink's by 843.2% in the second quarter. Blue Trust Inc. now owns 5,263 shares of the business services provider's stock valued at $539,000 after acquiring an additional 4,705 shares during the period. Hedge funds and other institutional investors own 94.96% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on BCO shares. StockNews.com upgraded shares of Brink's from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 16th. 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. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $120.50.
View Our Latest Analysis on BCO
Insider Buying and Selling
In other 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 transaction, the executive vice president now owns 11,103 shares in the company, valued at approximately $1,071,550.53. This represents 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 link. 0.49% of the stock is currently owned by insiders.
Brink's Trading Up 0.9 %
Shares of BCO traded up $0.89 during trading hours on Monday, reaching $95.52. 190,260 shares of the company traded hands, compared to its average volume of 262,592. The company's fifty day moving average price is $102.13 and its two-hundred day moving average price is $103.84. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 36.18 and a beta of 1.40. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The Brink's Company has a 12 month low of $79.03 and a 12 month high of $115.91.
Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data 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 return on equity of 71.46% and a net margin of 2.37%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm earned $1.92 EPS. The company's revenue was down 3.4% on a year-over-year basis. Equities research analysts predict that The Brink's Company will post 6.51 earnings per share for the current fiscal year.
Brink's Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 1.02%. The ex-dividend date was Monday, November 4th. Brink's's payout ratio is currently 36.74%.
Brink's Company Profile
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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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