Barclays PLC Acquires 54,975 Shares of The Brink’s Company (NYSE:BCO)

Barclays PLC lifted its holdings in The Brink’s Company (NYSE:BCO) by 204.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,878 shares of the business services provider’s stock after acquiring an additional 54,975 shares during the period. Barclays PLC’s holdings in Brink’s were worth $9,469,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in shares of Brink’s by 36.8% in the 2nd quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock valued at $23,962,000 after purchasing an additional 63,000 shares during the last quarter. Sei Investments Co. raised its holdings in Brink’s by 9.9% during the 2nd quarter. Sei Investments Co. now owns 235,459 shares of the business services provider’s stock valued at $24,111,000 after buying an additional 21,194 shares during the period. Canada Pension Plan Investment Board lifted its position in Brink’s by 53.8% in the second quarter. Canada Pension Plan Investment Board now owns 26,000 shares of the business services provider’s stock worth $2,662,000 after buying an additional 9,100 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Brink’s by 0.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 73,667 shares of the business services provider’s stock worth $8,519,000 after buying an additional 543 shares during the period. Finally, Edgestream Partners L.P. bought a new position in Brink’s during the second quarter valued at $1,112,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Trading Down 2.0 %

Shares of NYSE BCO opened at $94.64 on Wednesday. The business’s 50 day moving average price is $100.52 and its 200-day moving average price is $103.62. The Brink’s Company has a fifty-two week low of $79.03 and a fifty-two week high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 35.85 and a beta of 1.40.

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 the consensus estimate of $1.79 by ($0.28). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.92 earnings per share. On average, sell-side analysts expect that The Brink’s Company will post 6.51 earnings per share for the current year.

Brink’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Insider Activity

In other news, EVP James K. Parks sold 4,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total transaction of $386,040.00. Following the transaction, the executive vice president now owns 11,103 shares in the company, valued at approximately $1,071,550.53. This trade represents a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered their target price 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 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 stock presently has a consensus 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.