State of Alaska Department of Revenue Has $592,000 Stock Position in The Brink’s Company (NYSE:BCO)

State of Alaska Department of Revenue increased its stake in The Brink’s Company (NYSE:BCO) by 5.3% during the third quarter, Holdings Channel reports. The firm owned 5,127 shares of the business services provider’s stock after acquiring an additional 260 shares during the period. State of Alaska Department of Revenue’s holdings in Brink’s were worth $592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Texas Permanent School Fund Corp increased its holdings in Brink’s by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 38,995 shares of the business services provider’s stock valued at $3,602,000 after buying an additional 487 shares during the period. LSV Asset Management boosted its position in shares of Brink’s by 56.3% during the 1st quarter. LSV Asset Management now owns 5,000 shares of the business services provider’s stock worth $462,000 after acquiring an additional 1,800 shares in the last quarter. Horizon Investment Services LLC increased its stake in Brink’s by 11.8% in the first quarter. Horizon Investment Services LLC now owns 9,710 shares of the business services provider’s stock valued at $897,000 after acquiring an additional 1,025 shares during the last quarter. Russell Investments Group Ltd. raised its position in Brink’s by 10,280.0% during the first quarter. Russell Investments Group Ltd. now owns 2,595 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 2,570 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in Brink’s by 2.2% during the first quarter. ProShare Advisors LLC now owns 10,235 shares of the business services provider’s stock worth $946,000 after purchasing an additional 221 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Stock Performance

NYSE BCO opened at $100.51 on Friday. The firm’s fifty day moving average price is $108.50 and its two-hundred day moving average price is $103.35. The stock has a market cap of $4.44 billion, a PE ratio of 33.96 and a beta of 1.44. 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 fifty-two week low of $72.68 and a fifty-two week high of $115.91.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.92 EPS. On average, equities analysts expect that The Brink’s Company will post 7.4 EPS for the current fiscal year.

Brink’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a $0.2425 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a yield of 0.97%. Brink’s’s dividend payout ratio (DPR) is presently 32.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BCO shares. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Truist Financial decreased their target price on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $120.50.

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.