The Brink’s Company (NYSE:BCO) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its position in shares of The Brink’s Company (NYSE:BCO) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 235,459 shares of the business services provider’s stock after purchasing an additional 21,194 shares during the quarter. Sei Investments Co.’s holdings in Brink’s were worth $24,111,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. acquired a new stake in Brink’s during the 1st quarter valued at approximately $1,945,000. Capstone Investment Advisors LLC acquired a new position in Brink’s during the first quarter valued at $745,000. Fourth Sail Capital LP purchased a new stake in Brink’s in the first quarter valued at $11,501,000. Tidal Investments LLC grew its position in 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 purchasing an additional 11,899 shares during the period. Finally, SG Americas Securities LLC raised its stake 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 buying an additional 6,081 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Price Performance

NYSE:BCO opened at $111.89 on Wednesday. The stock has a market capitalization of $4.97 billion, a PE ratio of 42.87 and a beta of 1.43. The Brink’s Company has a 52 week low of $64.15 and a 52 week high of $114.49. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 7.78. The stock’s 50-day moving average price is $106.00 and its 200-day moving average price is $98.97.

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

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio is presently 37.16%.

Analysts Set New Price Targets

Several research firms recently commented on BCO. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Truist Financial upped their price objective on Brink’s from $110.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $123.50.

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.