Sound Income Strategies LLC Acquires 5,856 Shares of The Brink’s Company (NYSE:BCO)

Sound Income Strategies LLC raised its holdings in shares of The Brink’s Company (NYSE:BCO) by 11.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,215 shares of the business services provider’s stock after purchasing an additional 5,856 shares during the quarter. Sound Income Strategies LLC owned 0.13% of Brink’s worth $5,286,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BCO. Blue Trust Inc. lifted its holdings in Brink’s by 60.3% during the 4th quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock valued at $33,000 after buying an additional 141 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Brink’s by 14.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,513 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 188 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Brink’s by 2.0% in the fourth quarter. Franklin Resources Inc. now owns 15,870 shares of the business services provider’s stock valued at $1,396,000 after purchasing an additional 318 shares during the period. NBC Securities Inc. grew its stake in Brink’s by 5.1% in the first quarter. NBC Securities Inc. now owns 7,044 shares of the business services provider’s stock worth $651,000 after purchasing an additional 339 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Brink’s by 0.7% during the 4th quarter. Raymond James & Associates now owns 47,783 shares of the business services provider’s stock worth $4,203,000 after purchasing an additional 340 shares during the period. 94.96% of the stock is owned by hedge funds and other institutional investors.

Brink’s Stock Down 0.9 %

NYSE:BCO traded down $0.95 during mid-day trading on Wednesday, hitting $102.78. 279,605 shares of the company’s stock traded hands, compared to its average volume of 233,923. The company has a fifty day moving average of $96.79 and a 200 day moving average of $88.92. The company has a debt-to-equity ratio of 6.37, a quick ratio of 1.46 and a current ratio of 1.46. The Brink’s Company has a twelve month low of $63.79 and a twelve month high of $105.50. The company has a market capitalization of $4.57 billion, a P/E ratio of 39.69 and a beta of 1.45.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, May 8th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.29. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. Brink’s had a net margin of 2.46% and a return on equity of 59.84%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 earnings per share. On average, analysts forecast that The Brink’s Company will post 7.56 EPS for the current year.

Brink’s Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were given a dividend of $0.243 per share. The ex-dividend date of this dividend was Friday, May 10th. This is a positive change from Brink’s’s previous quarterly dividend of $0.22. This represents a $0.97 dividend on an annualized basis and a yield of 0.95%. Brink’s’s dividend payout ratio (DPR) is currently 37.16%.

Analyst Ratings Changes

Several equities research analysts have weighed in on BCO shares. William Blair assumed coverage on Brink’s in a research report on Tuesday, May 21st. They set an “outperform” rating on the stock. Truist Financial lifted their target price on Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. TheStreet lowered shares of Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. Finally, The Goldman Sachs Group lifted their price objective on shares of Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $106.50.

Brink’s Company 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.