The Brink’s Company (NYSE:BCO) Shares Sold by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC reduced its position in shares of The Brink’s Company (NYSE:BCO) by 7.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,683 shares of the business services provider’s stock after selling 455 shares during the period. Genesee Capital Advisors LLC’s holdings in Brink’s were worth $657,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Arizona State Retirement System increased its stake in shares of Brink’s by 1.1% in the second quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock worth $1,282,000 after buying an additional 140 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Brink’s by 0.3% in the first quarter. Retirement Systems of Alabama now owns 56,573 shares of the business services provider’s stock worth $5,226,000 after buying an additional 148 shares during the last quarter. Quarry LP increased its stake in shares of Brink’s by 21.4% in the second quarter. Quarry LP now owns 852 shares of the business services provider’s stock worth $87,000 after buying an additional 150 shares during the last quarter. Inspire Investing LLC increased its stake in shares of Brink’s by 4.6% in the third quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock worth $412,000 after buying an additional 156 shares during the last quarter. Finally, Covestor Ltd increased its stake 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 worth $29,000 after buying an additional 192 shares during the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Truist Financial boosted their target price on shares of Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $123.50.

Brink’s Stock Performance

Shares of Brink’s stock traded down $3.35 during trading on Monday, hitting $107.15. 104,403 shares of the stock were exchanged, compared to its average volume of 253,684. The stock’s fifty day moving average is $108.64 and its 200 day moving average is $102.03. The stock has a market cap of $4.76 billion, a PE ratio of 41.52 and a beta of 1.43. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.57 and a current ratio of 1.57. The Brink’s Company has a 12 month low of $64.97 and a 12 month high of $115.91.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.20. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company posted $1.18 earnings per share. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Brink’s Company will post 7.4 EPS for the current year.

Brink’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Monday, November 4th. Brink’s’s payout ratio is 37.16%.

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.