Xponance Inc. Sells 429 Shares of The Brink’s Company (NYSE:BCO)

Xponance Inc. lessened its holdings in shares of The Brink’s Company (NYSE:BCO) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,035 shares of the business services provider’s stock after selling 429 shares during the quarter. Xponance Inc.’s holdings in Brink’s were worth $618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BCO. Hancock Whitney Corp purchased a new stake in Brink’s in the second quarter valued at approximately $1,443,000. Sei Investments Co. raised its position in shares of Brink’s by 9.9% during the 2nd quarter. Sei Investments Co. now owns 235,459 shares of the business services provider’s stock valued at $24,111,000 after buying an additional 21,194 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Brink’s by 53.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 26,000 shares of the business services provider’s stock worth $2,662,000 after acquiring an additional 9,100 shares during the last quarter. Intech Investment Management LLC purchased a new position in Brink’s in the second quarter worth $935,000. Finally, XTX Topco Ltd bought a new position in shares of Brink’s during the 2nd quarter valued at about $565,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Stock Performance

NYSE:BCO opened at $114.35 on Monday. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.57 and a current ratio of 1.57. The Brink’s Company has a fifty-two week low of $64.15 and a fifty-two week high of $115.13. The firm has a market cap of $5.08 billion, a PE ratio of 43.81 and a beta of 1.43. The business has a 50 day moving average price of $106.44 and a 200-day moving average price of $99.57.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (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 analyst estimates of $1.26 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 EPS. Equities research analysts predict that The Brink’s Company will post 7.47 earnings per share for the current year.

Brink’s Dividend Announcement

The firm 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. This represents a $0.97 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s payout ratio is 37.16%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BCO. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial boosted their price target on shares of Brink’s from $110.00 to $144.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus 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.