The Brink’s Company (NYSE:BCO) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC increased its stake in The Brink’s Company (NYSE:BCO) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,567 shares of the business services provider’s stock after acquiring an additional 156 shares during the period. Inspire Investing LLC’s holdings in Brink’s were worth $412,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BCO. Arizona State Retirement System raised its position in Brink’s by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock valued at $1,282,000 after purchasing an additional 140 shares in the last quarter. Retirement Systems of Alabama raised its holdings in Brink’s by 0.3% in the first quarter. Retirement Systems of Alabama now owns 56,573 shares of the business services provider’s stock valued at $5,226,000 after acquiring an additional 148 shares in the last quarter. Quarry LP raised its holdings in Brink’s by 21.4% in the second quarter. Quarry LP now owns 852 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 150 shares in the last quarter. Covestor Ltd lifted its stake in Brink’s by 154.8% in the first 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. Finally, Natixis Advisors LLC grew its holdings in Brink’s by 0.9% during the 2nd quarter. Natixis Advisors LLC now owns 21,543 shares of the business services provider’s stock worth $2,206,000 after acquiring an additional 199 shares in the last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BCO. Truist Financial raised their price objective on shares of Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a report on Friday, September 20th. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $123.50.

Brink’s Stock Down 0.7 %

Shares of NYSE:BCO opened at $112.67 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 7.78. The firm has a 50 day simple moving average of $108.01 and a 200-day simple moving average of $101.66. The company has a market capitalization of $5.01 billion, a PE ratio of 43.17 and a beta of 1.43. The Brink’s Company has a twelve month low of $64.97 and a twelve month high of $115.91.

Brink’s (NYSE:BCO) last released its quarterly earnings data 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 net margin of 2.73% and a return on equity of 69.80%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm posted $1.18 earnings per share. Brink’s’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts predict that The Brink’s Company will post 7.4 EPS for the current fiscal 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. This represents a $0.97 annualized dividend and a yield of 0.86%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is 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.