Seizert Capital Partners LLC Purchases Shares of 16,799 The Brink’s Company (NYSE:BCO)

Seizert Capital Partners LLC purchased a new position in The Brink’s Company (NYSE:BCO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,799 shares of the business services provider’s stock, valued at approximately $1,943,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Jupiter Asset Management Ltd. purchased a new stake in shares of Brink’s in the first quarter worth about $1,945,000. Tidal Investments LLC raised its holdings in shares of 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 in the last quarter. SG Americas Securities LLC boosted its position in shares of 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 valued at $906,000 after acquiring an additional 6,081 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Brink’s by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock valued at $430,749,000 after purchasing an additional 63,853 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Brink’s by 36.8% in the second quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock worth $23,962,000 after purchasing an additional 63,000 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.

Analyst Ratings Changes

BCO has been the subject of several research reports. 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 lowered their price target on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a 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’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $120.50.

Brink’s Trading Down 2.6 %

Shares of BCO opened at $91.41 on Friday. The Brink’s Company has a twelve month low of $75.41 and a twelve month high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The company’s fifty day simple moving average is $107.09 and its 200-day simple moving average is $103.78. The company has a market cap of $3.99 billion, a P/E ratio of 34.63 and a beta of 1.44.

Brink’s (NYSE:BCO) last announced its 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). Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the firm earned $1.92 EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, analysts expect that The Brink’s Company will post 6.51 EPS for the current year.

Brink’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 dividend on an annualized basis and a yield of 1.06%. Brink’s’s payout ratio is 36.74%.

About Brink’s

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.