Choreo LLC Takes $463,000 Position in The Brink’s Company (NYSE:BCO)

Choreo LLC acquired a new position in The Brink’s Company (NYSE:BCO) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 5,039 shares of the business services provider’s stock, valued at approximately $463,000.

Several other institutional investors and hedge funds also recently modified their holdings of BCO. JPMorgan Chase & Co. increased its stake in shares of Brink’s by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider’s stock valued at $27,901,000 after acquiring an additional 23,781 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Brink’s by 0.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 73,667 shares of the business services provider’s stock worth $8,519,000 after buying an additional 543 shares during the period. Sound Income Strategies LLC grew its position in Brink’s by 13.6% during the 4th quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider’s stock worth $6,487,000 after purchasing an additional 8,352 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Brink’s by 202.3% during the third quarter. Raymond James & Associates now owns 94,055 shares of the business services provider’s stock valued at $10,876,000 after buying an additional 62,942 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Brink’s by 24.9% in the 3rd quarter. New York State Common Retirement Fund now owns 252,617 shares of the business services provider’s stock valued at $29,213,000 after purchasing an additional 50,292 shares during the period. Institutional investors own 94.96% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial dropped their price target 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $120.50.

Insiders Place Their Bets

In other news, EVP James K. Parks sold 4,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total transaction of $386,040.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.

Brink’s Stock Performance

BCO opened at $93.04 on Wednesday. The stock has a 50-day moving average of $92.77 and a 200-day moving average of $100.46. The Brink’s Company has a 52-week low of $79.19 and a 52-week high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $4.06 billion, a PE ratio of 35.24 and a beta of 1.39.

Brink’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Monday, February 3rd. Brink’s’s payout ratio is presently 36.74%.

About Brink’s

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.