Inspire Investing LLC Sells 456 Shares of The Brink’s Company (NYSE:BCO)

Inspire Investing LLC lessened its position in The Brink’s Company (NYSE:BCO) by 11.8% in the second quarter, HoldingsChannel reports. The firm owned 3,411 shares of the business services provider’s stock after selling 456 shares during the quarter. Inspire Investing LLC’s holdings in Brink’s were worth $349,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in Brink’s during the second quarter valued at $565,000. Seven Eight Capital LP purchased a new stake in Brink’s during the second quarter valued at $829,000. Hsbc Holdings PLC increased its position in Brink’s by 24.4% during the second quarter. Hsbc Holdings PLC now owns 20,621 shares of the business services provider’s stock valued at $2,125,000 after acquiring an additional 4,051 shares during the last quarter. Blair William & Co. IL increased its position in Brink’s by 446.9% in the second quarter. Blair William & Co. IL now owns 63,140 shares of the business services provider’s stock worth $6,466,000 after buying an additional 51,595 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Brink’s by 12.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,973 shares of the business services provider’s stock worth $299,000 after buying an additional 321 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BCO. StockNews.com raised 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 note on Friday. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $123.50.

Brink’s Stock Performance

Shares of NYSE BCO opened at $112.93 on Tuesday. 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 business’s 50 day moving average price is $105.90 and its 200-day moving average price is $98.77. The Brink’s Company has a fifty-two week low of $64.15 and a fifty-two week high of $114.49. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 43.27 and a beta of 1.43.

Brink’s (NYSE:BCO) last issued 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. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business posted $1.18 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, sell-side analysts expect that The Brink’s Company will post 7.51 earnings per share for the current year.

Brink’s Dividend Announcement

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 issued a dividend of $0.2425 per share. The ex-dividend date is Monday, November 4th. This represents a $0.97 annualized dividend and a yield of 0.86%. Brink’s’s payout ratio is currently 37.16%.

Brink’s 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.