Blair William & Co. IL Purchases 51,595 Shares of The Brink’s Company (NYSE:BCO)

Blair William & Co. IL increased its position in The Brink’s Company (NYSE:BCO) by 446.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,140 shares of the business services provider’s stock after buying an additional 51,595 shares during the quarter. Blair William & Co. IL’s holdings in Brink’s were worth $6,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Covestor Ltd lifted its holdings in shares of Brink’s by 154.8% in the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock worth $29,000 after acquiring an additional 192 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Brink’s during the second quarter valued at about $37,000. LRI Investments LLC purchased a new stake in Brink’s during the first quarter valued at about $37,000. MFA Wealth Advisors LLC bought a new position in shares of Brink’s during the second quarter valued at about $47,000. Finally, GAMMA Investing LLC increased its holdings in shares of Brink’s by 119.0% in the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock worth $47,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Stock Up 1.0 %

NYSE BCO opened at $112.93 on Friday. The Brink’s Company has a 1 year low of $64.15 and a 1 year high of $113.63. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57. The business’s 50-day moving average is $105.74 and its 200 day moving average is $98.36. The stock has a market capitalization of $5.02 billion, a PE ratio of 43.27 and a beta of 1.43.

Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.20. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm earned $1.18 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. Sell-side analysts forecast that The Brink’s Company will post 7.51 earnings per share for the current year.

Brink’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a $0.2425 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 0.86%. Brink’s’s dividend payout ratio is 37.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Truist Financial increased their target price on Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a report on Friday. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three 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 stock presently has an average rating of “Buy” and an average price target of $123.50.

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.