DekaBank Deutsche Girozentrale Sells 223 Shares of The Brink’s Company (NYSE:BCO)

DekaBank Deutsche Girozentrale lessened its stake in shares of The Brink’s Company (NYSE:BCO) by 6.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,080 shares of the business services provider’s stock after selling 223 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Brink’s were worth $319,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. LSV Asset Management raised its stake in shares of Brink’s by 15,919.2% during the 2nd quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock worth $82,018,000 after purchasing an additional 795,961 shares in the last quarter. Norges Bank bought a new stake in Brink’s during the fourth quarter worth $21,375,000. Fourth Sail Capital LP acquired a new stake in Brink’s in the first quarter valued at $11,501,000. Lazard Asset Management LLC grew its position in shares of Brink’s by 375.2% in the 1st quarter. Lazard Asset Management LLC now owns 99,677 shares of the business services provider’s stock valued at $9,207,000 after acquiring an additional 78,700 shares during the period. Finally, Swedbank AB acquired a new position in shares of Brink’s during the 2nd quarter worth about $7,700,000. 94.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BCO has been the subject of several recent analyst reports. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Truist Financial raised their price objective on Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a research report on Friday. 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 has a consensus rating of “Buy” and a consensus target price of $123.50.

Brink’s Stock Up 1.0 %

Shares of BCO opened at $112.93 on Friday. The firm has a market cap of $5.02 billion, a P/E ratio of 43.27 and a beta of 1.43. 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 52 week low of $64.15 and a 52 week high of $113.63. The firm’s 50-day simple moving average is $105.74 and its 200 day simple moving average is $98.36.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.20. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $1.18 EPS. On average, analysts forecast that The Brink’s Company will post 7.51 earnings per share for the current year.

Brink’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors 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 0.86%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio is currently 37.16%.

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.