Ensign Peak Advisors Inc Has $1.82 Million Position in The Brink’s Company (NYSE:BCO)

Ensign Peak Advisors Inc lessened its holdings in shares of The Brink’s Company (NYSE:BCO) by 15.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 17,742 shares of the business services provider’s stock after selling 3,305 shares during the period. Ensign Peak Advisors Inc’s holdings in Brink’s were worth $1,817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LSV Asset Management grew its holdings in 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 acquiring an additional 795,961 shares during the last quarter. Norges Bank acquired a new position in shares of Brink’s during the fourth quarter worth approximately $21,375,000. Fourth Sail Capital LP bought a new stake in shares of Brink’s during the first quarter valued at approximately $11,501,000. Lazard Asset Management LLC increased its holdings in shares of Brink’s by 375.2% in the first quarter. Lazard Asset Management LLC now owns 99,677 shares of the business services provider’s stock valued at $9,207,000 after purchasing an additional 78,700 shares in the last quarter. Finally, Swedbank AB bought a new position in Brink’s in the 2nd quarter worth approximately $7,700,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Brink’s Price Performance

Shares of BCO stock opened at $114.35 on Friday. The firm’s 50 day moving average price is $106.44 and its two-hundred day moving average price is $99.36. 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 $115.13. The stock has a market cap of $5.08 billion, a PE ratio of 43.81 and a beta of 1.43.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.20. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates 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 was up 3.0% on a year-over-year basis. During the same period last year, the company earned $1.18 EPS. As a group, analysts forecast that The Brink’s Company will post 7.47 EPS 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 paid 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 0.85%. Brink’s’s dividend payout ratio (DPR) is presently 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.