The Brink’s Company (NYSE:BCO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in shares of The Brink’s Company (NYSE:BCO) by 18.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 450,907 shares of the business services provider’s stock after selling 102,665 shares during the quarter. Victory Capital Management Inc.’s holdings in Brink’s were worth $52,143,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BCO. Covestor Ltd lifted its stake in Brink’s by 154.8% in the first quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock valued at $29,000 after buying an additional 192 shares during the last quarter. Headlands Technologies LLC bought a new stake in Brink’s in the 2nd quarter valued at about $37,000. LRI Investments LLC acquired a new position in Brink’s during the 1st quarter valued at about $37,000. MFA Wealth Advisors LLC bought a new position in Brink’s in the 2nd quarter worth about $47,000. Finally, GAMMA Investing LLC increased its stake in shares of Brink’s by 119.0% in the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 250 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Brink’s Trading Down 1.8 %

Shares of NYSE:BCO opened at $93.84 on Friday. The company has a 50 day moving average of $107.38 and a 200-day moving average of $103.65. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a market cap of $4.10 billion, a P/E ratio of 35.55 and a beta of 1.44. The Brink’s Company has a twelve month low of $75.41 and a twelve month high of $115.91.

Brink’s (NYSE:BCO) last released its earnings results 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). Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company earned $1.92 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, analysts anticipate that The Brink’s Company will post 6.51 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

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 issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Monday, November 4th. Brink’s’s payout ratio is currently 36.74%.

Wall Street Analysts Forecast Growth

BCO has been the subject of several analyst reports. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial reduced 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. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Brink’s has an average rating of “Buy” and a consensus target price of $120.50.

About Brink’s

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.