The Brink's Company (NYSE:BCO) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP raised its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 203.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,693 shares of the business services provider's stock after buying an additional 46,729 shares during the period. Wellington Management Group LLP owned about 0.16% of Brink's worth $8,059,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Brink's in the second quarter valued at approximately $37,000. MFA Wealth Advisors LLC acquired a new position in shares of Brink's in the second quarter worth $47,000. First Horizon Advisors Inc. increased its position in shares of Brink's by 200.5% during the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock worth $71,000 after acquiring an additional 407 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Brink's in the second quarter valued at $85,000. Finally, Quarry LP raised its stake in shares of Brink's by 21.4% in the second quarter. Quarry LP now owns 852 shares of the business services provider's stock valued at $87,000 after acquiring an additional 150 shares in the last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Brink's

In other news, EVP James K. Parks sold 4,000 shares of the company's stock in a transaction 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 completion of 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.49% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their target price on Brink's from $144.00 to $138.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $120.50.

Brink's Stock Up 2.1 %

Brink's stock traded up $1.96 during trading on Monday, reaching $96.58. The stock had a trading volume of 300,140 shares, compared to its average volume of 262,407. 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 52-week low of $79.03 and a 52-week high of $115.91. The stock has a market cap of $4.21 billion, a PE ratio of 36.58 and a beta of 1.40. The business has a 50 day moving average price of $100.52 and a 200 day moving average price of $103.62.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.27 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. Brink's's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the firm posted $1.92 earnings per share. On average, analysts predict 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 was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were issued a $0.2425 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.00%. Brink's's payout ratio is currently 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.