Blue Trust Inc. Has $210,000 Stake in The Brink’s Company (NYSE:BCO)

Blue Trust Inc. reduced its holdings in The Brink’s Company (NYSE:BCO) by 65.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,814 shares of the business services provider’s stock after selling 3,449 shares during the quarter. Blue Trust Inc.’s holdings in Brink’s were worth $210,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Jupiter Asset Management Ltd. acquired a new position in Brink’s in the first quarter worth $1,945,000. Capstone Investment Advisors LLC bought a new position in shares of Brink’s in the first quarter valued at about $745,000. Tidal Investments LLC lifted its position in Brink’s by 228.6% during the 1st quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider’s stock worth $1,580,000 after buying an additional 11,899 shares in the last quarter. SG Americas Securities LLC grew its holdings in Brink’s by 219.9% during the 2nd quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock worth $906,000 after acquiring an additional 6,081 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Brink’s by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock valued at $430,749,000 after acquiring an additional 63,853 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Brink’s Stock Down 0.7 %

Shares of NYSE:BCO opened at $101.53 on Friday. The Brink’s Company has a one year low of $64.97 and a one year high of $115.91. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 34.30 and a beta of 1.43. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57. The company has a 50 day moving average of $109.17 and a 200-day moving average of $102.36.

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. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $1.18 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts forecast that The Brink’s Company will post 7.4 earnings per share for the current year.

Brink’s Announces Dividend

The company 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 $0.2425 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.96%. Brink’s’s dividend payout ratio is 32.77%.

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.