MetLife Investment Management LLC Cuts Holdings in The Brink’s Company (NYSE:BCO)

MetLife Investment Management LLC lessened its position in shares of The Brink’s Company (NYSE:BCO) by 2.0% in the third quarter, Holdings Channel.com reports. The fund owned 47,576 shares of the business services provider’s stock after selling 963 shares during the quarter. MetLife Investment Management LLC’s holdings in Brink’s were worth $5,502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Townsquare Capital LLC acquired a new position in Brink’s during the third quarter valued at approximately $278,000. Hancock Whitney Corp raised its stake in shares of Brink’s by 1.4% in the 3rd quarter. Hancock Whitney Corp now owns 14,279 shares of the business services provider’s stock valued at $1,651,000 after acquiring an additional 192 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Brink’s by 144.5% during the 3rd quarter. Larson Financial Group LLC now owns 2,423 shares of the business services provider’s stock valued at $280,000 after acquiring an additional 1,432 shares in the last quarter. Cerity Partners LLC boosted its position in Brink’s by 32.7% during the 3rd quarter. Cerity Partners LLC now owns 14,378 shares of the business services provider’s stock worth $1,663,000 after purchasing an additional 3,544 shares during the period. Finally, Citigroup Inc. increased its holdings in Brink’s by 134.2% in the 3rd quarter. Citigroup Inc. now owns 42,301 shares of the business services provider’s stock valued at $4,892,000 after purchasing an additional 24,236 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Stock Up 0.5 %

Shares of Brink’s stock opened at $96.71 on Friday. The Brink’s Company has a 1-year low of $78.13 and a 1-year high of $115.91. The company has a market capitalization of $4.22 billion, a PE ratio of 36.73 and a beta of 1.44. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The business has a 50-day moving average of $104.30 and a 200-day moving average of $103.88.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.28). The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. Brink’s’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.92 earnings per share. As a group, equities analysts forecast that The Brink’s Company will post 6.51 EPS for the current fiscal year.

Brink’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 1.00%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio is currently 36.74%.

Insider Transactions at Brink’s

In related news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the transaction, the executive vice president now directly owns 11,103 shares in the company, valued at approximately $1,071,550.53. This trade represents a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

BCO has been the subject of several analyst reports. Truist Financial decreased their target price on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus 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.