Edgestream Partners L.P. Acquires 1,471 Shares of The Brink’s Company (NYSE:BCO)

Edgestream Partners L.P. boosted its stake in The Brink’s Company (NYSE:BCO) by 13.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,331 shares of the business services provider’s stock after acquiring an additional 1,471 shares during the quarter. Edgestream Partners L.P.’s holdings in Brink’s were worth $1,426,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BCO. DekaBank Deutsche Girozentrale acquired a new position in shares of Brink’s during the 1st quarter worth approximately $300,000. GAMMA Investing LLC lifted its holdings 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 worth $47,000 after acquiring an additional 250 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in Brink’s by 269.9% in the second quarter. Harbor Capital Advisors Inc. now owns 12,720 shares of the business services provider’s stock valued at $1,303,000 after buying an additional 9,281 shares in the last quarter. CHICAGO TRUST Co NA acquired a new position in shares of Brink’s in the second quarter valued at approximately $210,000. Finally, SG Americas Securities LLC increased its holdings in Brink’s by 219.9% in the second quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock valued at $906,000 after purchasing an additional 6,081 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on BCO. Truist Financial cut their target price 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. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Brink’s presently has an average rating of “Buy” and an average target price of $120.50.

Brink’s Stock Down 2.3 %

BCO opened at $94.94 on Wednesday. The company’s 50-day moving average price is $103.64 and its two-hundred day moving average price is $103.95. 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 Brink’s Company has a twelve month low of $79.03 and a twelve month high of $115.91. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 35.96 and a beta of 1.40.

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 the consensus estimate of $1.79 by ($0.28). The firm 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 was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 EPS. As a group, equities analysts expect that The Brink’s Company will post 6.51 earnings per share for the current year.

Brink’s Announces Dividend

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

Insiders Place Their Bets

In other news, EVP James K. Parks sold 4,000 shares of the firm’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 transaction, the executive vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.

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.