The Brink’s Company (NYSE:BCO) Position Reduced by Blue Square Asset Management LLC

Blue Square Asset Management LLC lowered its stake in The Brink’s Company (NYSE:BCO) by 47.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,725 shares of the business services provider’s stock after selling 4,333 shares during the period. Blue Square Asset Management LLC’s holdings in Brink’s were worth $438,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BCO. JPMorgan Chase & Co. boosted its holdings in Brink’s by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider’s stock worth $27,901,000 after purchasing an additional 23,781 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Brink’s by 0.7% in 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 buying an additional 543 shares during the period. Raymond James & Associates boosted its holdings in shares of Brink’s by 202.3% in the 3rd quarter. Raymond James & Associates now owns 94,055 shares of the business services provider’s stock valued at $10,876,000 after buying an additional 62,942 shares during the period. Millennium Management LLC raised its stake in Brink’s by 150.2% during the second quarter. Millennium Management LLC now owns 51,798 shares of the business services provider’s stock worth $5,304,000 after acquiring an additional 31,094 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in Brink’s by 504.9% in the second quarter. Mackenzie Financial Corp now owns 17,511 shares of the business services provider’s stock worth $1,793,000 after acquiring an additional 14,616 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Insider Transactions at Brink’s

In other news, EVP James K. Parks sold 4,000 shares of the company’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 sale, the executive vice president now directly owns 11,103 shares of the company’s stock, valued at approximately $1,071,550.53. This represents a 26.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

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

Brink’s Stock Up 1.2 %

Brink’s stock opened at $93.42 on Friday. The firm has a market capitalization of $4.08 billion, a P/E ratio of 35.39 and a beta of 1.40. The company has a 50-day simple moving average of $93.30 and a 200-day simple moving average of $101.58. The Brink’s Company has a one year low of $79.03 and a one year high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.28). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. Brink’s’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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 declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd will be paid a $0.2425 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.04%. Brink’s’s payout ratio is 36.74%.

Brink’s Profile

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.