Barclays PLC Acquires 54,975 Shares of The Brink’s Company (NYSE:BCO)

Barclays PLC raised its holdings in shares of The Brink’s Company (NYSE:BCO) by 204.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,878 shares of the business services provider’s stock after acquiring an additional 54,975 shares during the quarter. Barclays PLC owned approximately 0.19% of Brink’s worth $9,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in Brink’s by 36.8% in the 2nd quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock worth $23,962,000 after purchasing an additional 63,000 shares during the period. Sei Investments Co. raised its stake in shares of Brink’s by 9.9% in the second quarter. Sei Investments Co. now owns 235,459 shares of the business services provider’s stock worth $24,111,000 after buying an additional 21,194 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of 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 valued at $2,662,000 after buying an additional 9,100 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of 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 valued at $8,519,000 after acquiring an additional 543 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in Brink’s in the 2nd quarter worth approximately $1,112,000. Institutional investors own 94.96% of the company’s stock.

Insiders Place Their Bets

In other Brink’s news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the sale, the executive vice president now owns 11,103 shares of the company’s stock, valued at $1,071,550.53. The trade was a 26.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Brink’s Price Performance

Shares of Brink’s stock opened at $94.64 on Wednesday. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 35.85 and a beta of 1.40. 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 stock’s 50-day simple moving average is $100.52 and its 200-day simple moving average is $103.62. The Brink’s Company has a 52 week low of $79.03 and a 52 week high of $115.91.

Brink’s (NYSE:BCO) last posted 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 return on equity of 71.46% and a net margin of 2.37%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the firm posted $1.92 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, analysts expect that The Brink’s Company will post 6.51 earnings per share for the current fiscal 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 issued 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 yield of 1.02%. Brink’s’s dividend payout ratio is currently 36.74%.

Analyst Ratings Changes

Separately, Truist Financial lowered their price target on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $120.50.

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.