Cerity Partners LLC Buys 3,544 Shares of The Brink’s Company (NYSE:BCO)

Cerity Partners LLC increased its position in The Brink’s Company (NYSE:BCO) by 32.7% during the third quarter, HoldingsChannel.com reports. The firm owned 14,378 shares of the business services provider’s stock after acquiring an additional 3,544 shares during the quarter. Cerity Partners LLC’s holdings in Brink’s were worth $1,663,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BCO. Headlands Technologies LLC purchased a new stake in shares of Brink’s during the second quarter valued at $37,000. MFA Wealth Advisors LLC purchased a new stake in shares of Brink’s during the 2nd quarter valued at about $47,000. GAMMA Investing LLC grew its stake 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 worth $47,000 after acquiring an additional 250 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Brink’s by 200.5% during the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 407 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in Brink’s during the second quarter valued at approximately $85,000. 94.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BCO shares. Truist Financial lowered their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $120.50.

Insiders Place Their Bets

In other Brink’s news, EVP James K. Parks sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the transaction, the executive vice president now directly owns 11,103 shares in the company, valued at $1,071,550.53. This represents a 26.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.49% of the company’s stock.

Brink’s Trading Up 0.4 %

Shares of Brink’s stock opened at $97.14 on Tuesday. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $4.24 billion, a PE ratio of 36.80 and a beta of 1.44. The Brink’s Company has a 1-year low of $79.03 and a 1-year high of $115.91. The company’s fifty day simple moving average is $103.98 and its 200-day simple moving average is $103.97.

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

Brink’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were issued a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Monday, November 4th. Brink’s’s dividend 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.