Larson Financial Group LLC Increases Stake in The Brink’s Company (NYSE:BCO)

Larson Financial Group LLC grew its stake in shares of The Brink’s Company (NYSE:BCO) by 144.5% in the third quarter, HoldingsChannel.com reports. The firm owned 2,423 shares of the business services provider’s stock after buying an additional 1,432 shares during the quarter. Larson Financial Group LLC’s holdings in Brink’s were worth $280,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BCO. LSV Asset Management lifted its holdings in Brink’s by 15,919.2% in the 2nd quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock worth $82,018,000 after buying an additional 795,961 shares during the period. Fiera Capital Corp bought a new position in shares of Brink’s during the third quarter valued at approximately $27,460,000. Swedbank AB bought a new position in shares of Brink’s during the second quarter valued at approximately $7,700,000. Renaissance Technologies LLC lifted its stake in Brink’s by 36.8% in the second quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock worth $23,962,000 after acquiring an additional 63,000 shares during the period. Finally, Raymond James & Associates boosted its holdings in Brink’s by 202.3% in the third quarter. Raymond James & Associates now owns 94,055 shares of the business services provider’s stock valued at $10,876,000 after acquiring an additional 62,942 shares in the last quarter. Institutional investors own 94.96% of the company’s stock.

Brink’s Stock Performance

Shares of BCO stock opened at $96.21 on Thursday. 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 company’s fifty day moving average price is $105.21 and its 200-day moving average price is $103.99. The stock has a market cap of $4.20 billion, a PE ratio of 36.67 and a beta of 1.44. The Brink’s Company has a 12 month low of $77.84 and a 12 month high of $115.91.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.28). Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm earned $1.92 EPS. The company’s revenue was down 3.4% on a year-over-year basis. On average, equities analysts expect 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. Investors of record on Monday, November 4th will be given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BCO. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial lowered their price objective on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $120.50.

Insider Buying and Selling at Brink’s

In related news, EVP James K. Parks sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $96.51, for a total value of $386,040.00. Following the transaction, the executive vice president now owns 11,103 shares in the company, valued at $1,071,550.53. The trade was a 26.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by company insiders.

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.