Virtu Financial LLC Takes Position in The Brink’s Company (NYSE:BCO)

Virtu Financial LLC acquired a new stake in The Brink’s Company (NYSE:BCO) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,656 shares of the business services provider’s stock, valued at approximately $234,000.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Brink’s by 60.3% in the 4th quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 141 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in 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 worth $110,000 after buying an additional 188 shares during the last quarter. Franklin Resources Inc. raised its holdings in Brink’s by 2.0% during the fourth quarter. Franklin Resources Inc. now owns 15,870 shares of the business services provider’s stock worth $1,396,000 after buying an additional 318 shares during the last quarter. Raymond James & Associates raised its holdings in Brink’s by 0.7% during the fourth quarter. Raymond James & Associates now owns 47,783 shares of the business services provider’s stock worth $4,203,000 after buying an additional 340 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Brink’s by 225.7% during the third quarter. Covestor Ltd now owns 495 shares of the business services provider’s stock worth $36,000 after buying an additional 343 shares during the last quarter. 94.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on BCO. Truist Financial upped their price objective on shares of Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. William Blair began coverage on shares of Brink’s in a report on Tuesday, May 21st. They set an “outperform” rating on the stock. The Goldman Sachs Group upped their price objective on shares of Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, TheStreet downgraded shares of Brink’s from a “b” rating to a “c+” rating in a report on Wednesday, March 13th. 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.com, Brink’s presently has an average rating of “Buy” and an average price target of $106.50.

Brink’s Stock Performance

Shares of BCO stock opened at $102.74 on Friday. The firm has a 50-day moving average of $96.14 and a 200-day moving average of $88.57. The company has a market cap of $4.57 billion, a P/E ratio of 39.36 and a beta of 1.45. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.46 and a quick ratio of 1.46. The Brink’s Company has a one year low of $63.79 and a one year high of $104.74.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, May 8th. The business services provider reported $1.52 EPS for the quarter, beating the consensus estimate of $1.23 by $0.29. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. Brink’s had a net margin of 2.46% and a return on equity of 59.84%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 earnings per share. Equities research analysts forecast that The Brink’s Company will post 7.56 EPS for the current fiscal year.

Brink’s Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were issued a $0.243 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.97 annualized dividend and a dividend yield of 0.95%. This is an increase from Brink’s’s previous quarterly dividend of $0.22. Brink’s’s dividend payout ratio is currently 37.16%.

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.