The Brink’s Company (NYSE:BCO) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in shares of The Brink’s Company (NYSE:BCO) by 15.7% in the 3rd quarter, Holdings Channel reports. The fund owned 24,919 shares of the business services provider’s stock after acquiring an additional 3,376 shares during the quarter. Natixis Advisors LLC’s holdings in Brink’s were worth $2,882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Headlands Technologies LLC purchased a new position in Brink’s during the 2nd quarter worth $37,000. LRI Investments LLC purchased a new position in Brink’s during the first quarter worth about $37,000. MFA Wealth Advisors LLC acquired a new stake in Brink’s in the second quarter valued at about $47,000. GAMMA Investing LLC boosted its holdings in Brink’s by 119.0% in the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 250 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of Brink’s during the 2nd quarter worth approximately $85,000. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. 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 lowered their target price on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $120.50.

Brink’s Stock Up 3.5 %

Shares of BCO opened at $96.55 on Monday. The firm has a market cap of $4.21 billion, a PE ratio of 36.57 and a beta of 1.44. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The company’s fifty day moving average is $105.72 and its two-hundred day moving average is $103.97. The Brink’s Company has a fifty-two week low of $77.07 and a fifty-two week high of $115.91.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.28). Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the firm earned $1.92 earnings per share. Brink’s’s quarterly revenue was down 3.4% compared to the same quarter last year. Analysts forecast that The Brink’s Company will post 6.51 earnings per share for the current year.

Brink’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 dividend on an annualized basis and a yield of 1.00%. Brink’s’s payout ratio is currently 36.74%.

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.