Y Intercept Hong Kong Ltd Invests $590,000 in The Brink’s Company (NYSE:BCO)

Y Intercept Hong Kong Ltd purchased a new position in shares of The Brink’s Company (NYSE:BCO) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,105 shares of the business services provider’s stock, valued at approximately $590,000.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC grew its position in Brink’s by 219.9% during the 2nd quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock worth $906,000 after acquiring an additional 6,081 shares during the last quarter. Renaissance Technologies LLC grew its position in Brink’s by 36.8% during the 2nd quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock worth $23,962,000 after acquiring an additional 63,000 shares during the last quarter. Sei Investments Co. grew its position 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 worth $24,111,000 after acquiring an additional 21,194 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Brink’s by 53.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 26,000 shares of the business services provider’s stock worth $2,662,000 after acquiring an additional 9,100 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Brink’s by 0.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 73,667 shares of the business services provider’s stock worth $8,519,000 after acquiring an additional 543 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Insider Buying and Selling at Brink’s

In related news, EVP James K. Parks sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $96.51, for a total transaction of $386,040.00. Following the sale, the executive vice president now owns 11,103 shares in the company, valued at $1,071,550.53. This represents a 26.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.49% of the company’s stock.

Brink’s Trading Down 0.3 %

NYSE BCO opened at $94.62 on Friday. The business’s 50-day moving average price is $100.79 and its two-hundred day moving average price is $103.63. The Brink’s Company has a 12 month low of $79.03 and a 12 month high of $115.91. The firm has a market capitalization of $4.13 billion, a PE ratio of 35.84 and a beta of 1.40. 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 released its quarterly 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 net margin of 2.37% and a return on equity of 71.46%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm posted $1.92 EPS. The company’s quarterly revenue was down 3.4% on a year-over-year basis. On average, analysts expect that The Brink’s Company will post 6.51 EPS for the current year.

Brink’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given 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 (DPR) is presently 36.74%.

Analyst Ratings Changes

Separately, Truist Financial reduced their price objective on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research report 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 company’s stock. According to data from MarketBeat.com, Brink’s currently has a consensus rating of “Buy” and an average target price of $120.50.

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.