Golden State Wealth Management LLC Purchases New Shares in The Brink’s Company (NYSE:BCO)

Golden State Wealth Management LLC acquired a new position in The Brink’s Company (NYSE:BCO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 596 shares of the business services provider’s stock, valued at approximately $55,000.

A number of other large investors have also modified their holdings of BCO. US Bancorp DE lifted its stake in shares of Brink’s by 7.1% in the third quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock worth $183,000 after buying an additional 105 shares in the last quarter. Inspire Investing LLC grew its stake in Brink’s by 4.6% during the 3rd quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock valued at $412,000 after acquiring an additional 156 shares in the last quarter. Mather Group LLC. raised its holdings in Brink’s by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 174 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its stake in Brink’s by 7.0% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock worth $321,000 after purchasing an additional 181 shares in the last quarter. Finally, Hancock Whitney Corp boosted its holdings in shares of Brink’s by 1.4% during the 3rd quarter. Hancock Whitney Corp now owns 14,279 shares of the business services provider’s stock worth $1,651,000 after purchasing an additional 192 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial cut their price target on 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 issued a strong buy rating to the stock. According to MarketBeat.com, Brink’s currently has a consensus rating of “Buy” and a consensus target price of $120.50.

Brink’s Price Performance

Brink’s stock opened at $92.57 on Tuesday. The Brink’s Company has a 12-month low of $79.19 and a 12-month high of $115.91. The stock has a market cap of $4.04 billion, a P/E ratio of 35.06 and a beta of 1.39. The company has a 50-day moving average price of $92.81 and a 200 day moving average price of $100.57. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Monday, February 3rd. Brink’s’s payout ratio is 36.74%.

Insider Activity

In related news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction that occurred on 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.49% of the company’s stock.

Brink’s Profile

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.