Cornercap Investment Counsel Inc. Has $334,000 Stock Holdings in The Brink’s Company (NYSE:BCO)

Cornercap Investment Counsel Inc. decreased its stake in The Brink’s Company (NYSE:BCO) by 58.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,889 shares of the business services provider’s stock after selling 4,086 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Brink’s were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. US Bancorp DE increased its stake in shares of Brink’s by 7.1% in the third quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock valued at $183,000 after buying an additional 105 shares during the period. Arizona State Retirement System boosted its position in shares of Brink’s by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock valued at $1,282,000 after purchasing an additional 140 shares in the last quarter. Quarry LP boosted its position in shares of Brink’s by 21.4% during the 2nd quarter. Quarry LP now owns 852 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 150 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Brink’s by 4.6% during the 3rd quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock valued at $412,000 after purchasing an additional 156 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC boosted its position in shares of Brink’s by 7.0% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Stock Down 2.6 %

Shares of NYSE:BCO opened at $91.41 on Monday. The business’s 50 day simple moving average is $107.09 and its two-hundred day simple moving average is $103.89. The firm has a market cap of $3.99 billion, a P/E ratio of 34.63 and a beta of 1.44. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The Brink’s Company has a 52-week low of $75.41 and a 52-week high of $115.91.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.28). The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.27 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.92 EPS. As a group, research analysts forecast that The Brink’s Company will post 6.51 EPS for the current fiscal year.

Brink’s Announces Dividend

The business also recently disclosed 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. This represents a $0.97 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial cut 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, November 7th. Three research 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.com, the stock presently has a consensus 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.