The Brink’s Company (NYSE:BCO) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in The Brink’s Company (NYSE:BCO) by 33.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,391 shares of the business services provider’s stock after buying an additional 5,307 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Brink’s were worth $2,474,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Covestor Ltd lifted its position in shares of Brink’s by 154.8% in the first quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares in the last quarter. Headlands Technologies LLC purchased a new position in Brink’s in the 2nd quarter valued at $37,000. LRI Investments LLC acquired a new stake in Brink’s during the 1st quarter worth $37,000. MFA Wealth Advisors LLC purchased a new stake in shares of Brink’s during the second quarter worth $47,000. Finally, GAMMA Investing LLC raised its position in shares of Brink’s by 119.0% in the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after buying an additional 250 shares during the last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Brink’s Stock Down 2.6 %

NYSE BCO opened at $91.41 on Friday. The business’s fifty day simple moving average is $107.09 and its 200-day simple moving average is $103.78. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a market cap of $3.99 billion, a PE ratio of 34.63 and a beta of 1.44. The Brink’s Company has a 52 week low of $75.41 and a 52 week high of $115.91.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the firm earned $1.92 earnings per share. Brink’s’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, equities analysts anticipate that The Brink’s Company will post 6.51 earnings per share for the current year.

Brink’s Announces Dividend

The firm 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 $0.2425 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 annualized dividend and a yield of 1.06%. Brink’s’s payout ratio is 36.74%.

Analyst Upgrades and Downgrades

BCO has been the topic of a number of recent research reports. StockNews.com upgraded 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 target price on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $120.50.

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.