The Brink’s Company (NYSE:BCO) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in The Brink’s Company (NYSE:BCO) by 3.5% in the 3rd quarter, Holdings Channel reports. The firm owned 10,369 shares of the business services provider’s stock after selling 374 shares during the period. Thrivent Financial for Lutherans’ holdings in Brink’s were worth $1,199,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of Brink’s in the second quarter valued at approximately $37,000. MFA Wealth Advisors LLC acquired a new position in Brink’s in the second quarter valued at $47,000. GAMMA Investing LLC raised its holdings in shares of Brink’s by 119.0% in the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after buying an additional 250 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of Brink’s during the second quarter worth about $85,000. Finally, Quarry LP increased its position in Brink’s by 21.4% in the 2nd quarter. Quarry LP now owns 852 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 150 shares during the period. 94.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BCO shares. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial decreased their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a report on Thursday, November 7th. 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.com, the company presently has a consensus rating of “Buy” and an average target price of $120.50.

Brink’s Price Performance

Shares of BCO opened at $96.71 on Monday. The firm has a market capitalization of $4.22 billion, a PE ratio of 36.63 and a beta of 1.44. The stock’s 50 day moving average is $104.30 and its two-hundred day moving average is $103.97. The Brink’s Company has a twelve month low of $78.13 and a twelve month high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76.

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

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued 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 dividend yield of 1.00%. Brink’s’s dividend payout ratio is presently 36.74%.

Insider Activity at Brink’s

In other Brink’s news, EVP James K. Parks sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $96.51, for a total transaction of $386,040.00. Following the transaction, the executive vice president now directly owns 11,103 shares in the company, valued at approximately $1,071,550.53. This represents a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

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.