Hilltop Holdings Inc. Acquires Shares of 3,061 The Brink’s Company (NYSE:BCO)

Hilltop Holdings Inc. bought a new position in shares of The Brink’s Company (NYSE:BCO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,061 shares of the business services provider’s stock, valued at approximately $354,000.

A number of other institutional investors have also modified their holdings of BCO. GAMMA Investing LLC grew its position in Brink’s by 119.0% during the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock worth $47,000 after purchasing an additional 250 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Brink’s by 219.9% during the second quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock worth $906,000 after buying an additional 6,081 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Brink’s during the second quarter worth about $228,000. Swedbank AB purchased a new stake in Brink’s during the 2nd quarter valued at approximately $7,700,000. Finally, Blue Trust Inc. lifted its position in Brink’s by 843.2% during the 2nd quarter. Blue Trust Inc. now owns 5,263 shares of the business services provider’s stock worth $539,000 after acquiring an additional 4,705 shares during the period. 94.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BCO has been the topic of a number of recent research reports. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Truist Financial dropped their price objective on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research note 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 stock. Based on data from MarketBeat.com, Brink’s currently has an average rating of “Buy” and a consensus target price of $120.50.

Insider Activity at Brink’s

In related news, EVP James K. Parks sold 4,000 shares of the business’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 completion of the transaction, the executive vice president now owns 11,103 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Company insiders own 0.49% of the company’s stock.

Brink’s Stock Performance

NYSE BCO opened at $94.63 on Friday. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 35.84 and a beta of 1.40. The business’s 50 day moving average is $102.53 and its two-hundred day moving average is $103.81. The Brink’s Company has a 12-month low of $79.03 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.

Brink’s (NYSE:BCO) last posted its quarterly 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). The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 earnings per share. Research analysts expect that The Brink’s Company will post 6.51 EPS for the current year.

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were issued a $0.2425 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.03%. Brink’s’s dividend payout ratio is presently 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.