Genesee Capital Advisors LLC Has $657,000 Position in The Brink’s Company (NYSE:BCO)

Genesee Capital Advisors LLC lowered its position in The Brink’s Company (NYSE:BCO) by 7.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,683 shares of the business services provider’s stock after selling 455 shares during the period. Genesee Capital Advisors LLC’s holdings in Brink’s were worth $657,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Brink’s by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock worth $430,749,000 after buying an additional 63,853 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Brink’s by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,006,620 shares of the business services provider’s stock worth $103,079,000 after purchasing an additional 3,319 shares during the period. Silvercrest Asset Management Group LLC boosted its position in Brink’s by 4.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 928,887 shares of the business services provider’s stock worth $85,811,000 after purchasing an additional 41,678 shares during the period. LSV Asset Management boosted its position in Brink’s by 15,919.2% during the second quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock worth $82,018,000 after purchasing an additional 795,961 shares during the period. Finally, Sei Investments Co. boosted its position in Brink’s by 9.9% during the second quarter. Sei Investments Co. now owns 235,459 shares of the business services provider’s stock worth $24,111,000 after purchasing an additional 21,194 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Wall Street Analysts Forecast Growth

BCO has been the subject of several research reports. Truist Financial increased their price objective on Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, September 20th. StockNews.com raised 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 given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $123.50.

Brink’s Trading Down 3.0 %

Brink’s stock traded down $3.35 during mid-day trading on Monday, hitting $107.15. The stock had a trading volume of 104,403 shares, compared to its average volume of 253,684. The stock has a 50-day simple moving average of $108.64 and a two-hundred day simple moving average of $102.03. The stock has a market capitalization of $4.76 billion, a PE ratio of 41.52 and a beta of 1.43. The Brink’s Company has a 12 month low of $64.97 and a 12 month high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 7.78.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.20. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the business earned $1.18 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts forecast that The Brink’s Company will post 7.4 EPS for the current year.

Brink’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 37.16%.

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.