Mutual of America Capital Management LLC Cuts Stake in The Brink’s Company (NYSE:BCO)

Mutual of America Capital Management LLC lowered its stake in shares of The Brink’s Company (NYSE:BCO) by 5.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,457 shares of the business services provider’s stock after selling 1,385 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Brink’s worth $2,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Covestor Ltd increased its holdings in Brink’s by 154.8% in the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Brink’s during the first quarter valued at about $37,000. Headlands Technologies LLC bought a new stake in shares of Brink’s in the second quarter worth about $37,000. GAMMA Investing LLC lifted its position 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 buying an additional 250 shares in the last quarter. Finally, MFA Wealth Advisors LLC bought a new position in Brink’s during the second quarter valued at approximately $47,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Wall Street Analysts Forecast Growth

BCO has been the topic of a number of research reports. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Truist Financial boosted their price target on shares of Brink’s from $110.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Brink’s has an average rating of “Buy” and a consensus price target of $123.50.

Brink’s Trading Down 1.0 %

Shares of BCO stock opened at $111.89 on Wednesday. The company has a market cap of $4.97 billion, a PE ratio of 42.87 and a beta of 1.43. The Brink’s Company has a 1 year low of $64.15 and a 1 year high of $114.49. The stock’s 50 day simple moving average is $106.00 and its two-hundred day simple moving average is $98.97. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.20. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the company earned $1.18 earnings per share. Brink’s’s revenue was up 3.0% on a year-over-year basis. Research analysts predict 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 paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Monday, November 4th. 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.