Horizon Investment Services LLC Purchases 2,375 Shares of The Brink’s Company (NYSE:BCO)

Horizon Investment Services LLC lifted its position in shares of The Brink’s Company (NYSE:BCO) by 24.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,085 shares of the business services provider’s stock after purchasing an additional 2,375 shares during the period. Horizon Investment Services LLC’s holdings in Brink’s were worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Jupiter Asset Management Ltd. bought a new position in shares of Brink’s during the first quarter worth approximately $1,945,000. Capstone Investment Advisors LLC acquired a new stake in shares of Brink’s in the 1st quarter valued at $745,000. Fourth Sail Capital LP bought a new position in shares of Brink’s in the 1st quarter valued at $11,501,000. Tidal Investments LLC increased its stake in shares of Brink’s by 228.6% in the 1st quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider’s stock valued at $1,580,000 after purchasing an additional 11,899 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Brink’s by 219.9% in the 2nd 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 last quarter. Institutional investors own 94.96% of the company’s stock.

Wall Street Analysts Forecast Growth

BCO has been the topic of several recent analyst reports. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. William Blair began coverage on Brink’s in a research report on Tuesday, May 21st. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $106.50.

Brink’s Price Performance

BCO stock opened at $107.02 on Friday. The company has a market capitalization of $4.72 billion, a P/E ratio of 41.00 and a beta of 1.43. The Brink’s Company has a 52-week low of $64.15 and a 52-week high of $113.63. The business has a 50-day simple moving average of $104.29 and a two-hundred day simple moving average of $96.26. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.57 and a current ratio of 1.57.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.20. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business earned $1.18 EPS. The business’s revenue was up 3.0% on a year-over-year basis. Research analysts expect that The Brink’s Company will post 7.51 EPS for the current fiscal year.

Brink’s Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, July 29th were paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 0.91%. The ex-dividend date was Monday, July 29th. Brink’s’s dividend payout ratio (DPR) is presently 37.16%.

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.