The Brink’s Company (NYSE:BCO) Shares Sold by Fmr LLC

Fmr LLC lessened its holdings in shares of The Brink’s Company (NYSE:BCO) by 7.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,244,648 shares of the business services provider’s stock after selling 354,287 shares during the period. Fmr LLC owned approximately 9.73% of Brink’s worth $490,851,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BCO. Headlands Technologies LLC purchased a new position in shares of Brink’s in the 2nd quarter valued at about $37,000. LRI Investments LLC acquired a new stake in shares of Brink’s during the 1st quarter valued at approximately $37,000. MFA Wealth Advisors LLC purchased a new stake in shares of Brink’s during the 2nd quarter worth approximately $47,000. GAMMA Investing LLC grew its holdings in shares of Brink’s by 119.0% in the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock worth $47,000 after acquiring an additional 250 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in Brink’s by 200.5% during the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock worth $71,000 after purchasing an additional 407 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Truist Financial dropped their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $120.50.

Insiders Place Their Bets

In other Brink’s news, EVP James K. Parks sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the sale, the executive vice president now directly owns 11,103 shares of the company’s stock, valued at approximately $1,071,550.53. This trade represents a 26.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Brink’s Stock Performance

NYSE BCO opened at $96.97 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 36.73 and a beta of 1.44. The Brink’s Company has a fifty-two week low of $78.13 and a fifty-two week high of $115.91. The business has a fifty day moving average of $104.61 and a 200-day moving average of $103.89.

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

Brink’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a dividend of $0.2425 per share. The ex-dividend date is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a yield of 1.00%. Brink’s’s dividend payout ratio (DPR) is currently 36.74%.

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.