Seven Eight Capital LP Makes New $829,000 Investment in The Brink’s Company (NYSE:BCO)

Seven Eight Capital LP purchased a new stake in The Brink’s Company (NYSE:BCO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,096 shares of the business services provider’s stock, valued at approximately $829,000.

Other large investors have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its stake in Brink’s by 27.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 4,227 shares of the business services provider’s stock valued at $372,000 after purchasing an additional 901 shares in the last quarter. Norges Bank bought a new position in shares of Brink’s in the 4th quarter worth $21,375,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Brink’s during the 4th quarter valued at $565,000. UBS Group AG lifted its holdings in shares of Brink’s by 129.1% during the 4th quarter. UBS Group AG now owns 93,958 shares of the business services provider’s stock worth $8,264,000 after acquiring an additional 52,941 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in Brink’s in the fourth quarter worth $1,012,000. Institutional investors own 94.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial raised their price target on Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com raised 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $123.50.

Brink’s Stock Performance

NYSE BCO opened at $112.93 on Friday. The company has a 50-day simple moving average of $105.74 and a two-hundred day simple moving average of $98.47. The Brink’s Company has a 12-month low of $64.15 and a 12-month high of $113.63. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 43.27 and a beta of 1.43. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 7.78.

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

Brink’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be given a dividend of $0.2425 per share. The ex-dividend date is Monday, November 4th. This represents a $0.97 annualized dividend and a yield of 0.86%. Brink’s’s 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.