The Brink’s Company (NYSE:BCO) Holdings Reduced by Natixis Advisors L.P.

Natixis Advisors L.P. lowered its position in The Brink’s Company (NYSE:BCOFree Report) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,045 shares of the business services provider’s stock after selling 1,314 shares during the quarter. Natixis Advisors L.P.’s holdings in Brink’s were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BCO. Blue Trust Inc. raised its stake in Brink’s by 60.3% during the 4th quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 141 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Brink’s by 1.1% during the third quarter. Arizona State Retirement System now owns 13,218 shares of the business services provider’s stock valued at $960,000 after purchasing an additional 148 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Brink’s by 14.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,513 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 188 shares in the last quarter. CenterBook Partners LP lifted its holdings in Brink’s by 1.4% in the third quarter. CenterBook Partners LP now owns 17,205 shares of the business services provider’s stock worth $1,250,000 after purchasing an additional 231 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in Brink’s by 8.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,326 shares of the business services provider’s stock valued at $242,000 after buying an additional 264 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. TheStreet downgraded shares of Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. Finally, Truist Financial boosted their price target on shares of Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th.

Read Our Latest Research Report on BCO

Brink’s Stock Up 0.8 %

BCO stock opened at $98.00 on Wednesday. The Brink’s Company has a 52 week low of $63.79 and a 52 week high of $98.95. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 37.55 and a beta of 1.39. The firm’s 50-day moving average is $88.70 and its two-hundred day moving average is $83.70. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 6.37.

Brink’s (NYSE:BCOGet Free Report) last released its earnings results on Wednesday, May 8th. The business services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.29. Brink’s had a net margin of 2.46% and a return on equity of 59.84%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm earned $1.16 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts forecast that The Brink’s Company will post 7.51 earnings per share for the current fiscal year.

Brink’s Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be issued a $0.243 dividend. This is an increase from Brink’s’s previous quarterly dividend of $0.22. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, May 10th. Brink’s’s payout ratio is presently 37.16%.

Insider Buying and Selling

In related news, Director Keith R. Wyche sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $82.37, for a total value of $32,948.00. Following the sale, the director now directly owns 665 shares in the company, valued at approximately $54,776.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

About Brink’s

(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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Institutional Ownership by Quarter for Brink's (NYSE:BCO)

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