Victory Capital Management Inc. Sells 102,665 Shares of The Brink's Company (NYSE:BCO)

Victory Capital Management Inc. trimmed its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 18.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 450,907 shares of the business services provider's stock after selling 102,665 shares during the period. Victory Capital Management Inc. owned approximately 1.02% of Brink's worth $52,143,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Jupiter Asset Management Ltd. acquired a new position in Brink's during the first quarter worth $1,945,000. Tidal Investments LLC grew its position in Brink's by 228.6% during the 1st quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider's stock worth $1,580,000 after acquiring an additional 11,899 shares during the last quarter. SG Americas Securities LLC grew its position in Brink's by 219.9% during the 2nd quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider's stock worth $906,000 after acquiring an additional 6,081 shares during the last quarter. Vanguard Group Inc. grew its position in Brink's by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider's stock worth $430,749,000 after acquiring an additional 63,853 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Brink's by 36.8% during the 2nd quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider's stock worth $23,962,000 after acquiring an additional 63,000 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink's Trading Down 2.2 %

Shares of BCO stock traded down $2.05 during trading hours on Friday, reaching $91.79. The company had a trading volume of 90,400 shares, compared to its average volume of 261,012. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 35.55 and a beta of 1.44. The Brink's Company has a 1-year low of $75.41 and a 1-year high of $115.91. 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 company has a 50 day moving average of $107.38 and a 200 day moving average of $103.65.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.28). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 EPS. On average, equities research analysts anticipate that The Brink's Company will post 6.51 EPS for the current year.

Brink's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Monday, November 4th. Brink's's payout ratio is currently 36.74%.

Wall Street Analysts Forecast Growth

BCO has been the topic of a number of research analyst reports. StockNews.com upgraded Brink's from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 16th. Truist Financial decreased their price objective on Brink's from $144.00 to $138.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $120.50.

Brink's 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.