The Brink’s Company (NYSE:BCO) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC decreased its stake in The Brink’s Company (NYSE:BCO) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,576 shares of the business services provider’s stock after selling 963 shares during the period. MetLife Investment Management LLC owned approximately 0.11% of Brink’s worth $5,502,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BCO. SG Americas Securities LLC boosted its stake in shares of Brink’s by 219.9% during the 2nd quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock worth $906,000 after acquiring an additional 6,081 shares in the last quarter. Tidal Investments LLC increased its position in shares of Brink’s by 228.6% in the first quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider’s stock valued at $1,580,000 after buying an additional 11,899 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Brink’s by 36.8% during the 2nd quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock worth $23,962,000 after buying an additional 63,000 shares during the last quarter. Sei Investments Co. boosted its position in shares of Brink’s by 9.9% in the 2nd quarter. Sei Investments Co. now owns 235,459 shares of the business services provider’s stock worth $24,111,000 after buying an additional 21,194 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Brink’s by 53.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 26,000 shares of the business services provider’s stock valued at $2,662,000 after acquiring an additional 9,100 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Analyst Upgrades and Downgrades

BCO has been the topic of several recent research reports. Truist Financial reduced their price target on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Three equities 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.com, the stock presently has a consensus rating of “Buy” and an average price target of $120.50.

Insider Activity at Brink’s

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. Insiders own 0.49% of the company’s stock.

Brink’s Price Performance

NYSE:BCO opened at $96.71 on Friday. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 36.73 and a beta of 1.44. The Brink’s Company has a 12-month low of $78.13 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 8.76. The company’s 50-day moving average is $104.30 and its two-hundred day moving average is $103.88.

Brink’s (NYSE:BCO) last announced 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). The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.92 EPS. Research analysts expect that The Brink’s Company will post 6.51 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 given a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio is currently 36.74%.

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.