Genesee Capital Advisors LLC Decreases Stake in The Brink’s Company (NYSE:BCO)

Genesee Capital Advisors LLC cut its holdings in The Brink’s Company (NYSE:BCO) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,546 shares of the business services provider’s stock after selling 137 shares during the quarter. Genesee Capital Advisors LLC’s holdings in Brink’s were worth $515,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BCO. Wasatch Advisors LP purchased a new stake in shares of Brink’s in the third quarter valued at approximately $59,308,000. Fiera Capital Corp acquired a new position in Brink’s during the third quarter worth $27,460,000. State Street Corp raised its holdings in Brink’s by 5.1% during the third quarter. State Street Corp now owns 1,718,765 shares of the business services provider’s stock worth $198,758,000 after purchasing an additional 82,999 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Brink’s by 202.3% in the third quarter. Raymond James & Associates now owns 94,055 shares of the business services provider’s stock worth $10,876,000 after acquiring an additional 62,942 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Brink’s by 204.3% in the third quarter. Barclays PLC now owns 81,878 shares of the business services provider’s stock worth $9,469,000 after acquiring an additional 54,975 shares during the last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Brink’s Price Performance

BCO stock opened at $94.55 on Wednesday. The stock has a 50-day moving average price of $93.41 and a two-hundred day moving average price of $101.44. The Brink’s Company has a 12-month low of $79.03 and a 12-month high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The company has a market cap of $4.13 billion, a PE ratio of 35.81 and a beta of 1.40.

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

Brink’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd will be given a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, February 3rd. Brink’s’s payout ratio is 36.74%.

Insider Transactions at Brink’s

In related news, EVP James K. Parks sold 4,000 shares of the business’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 transaction, the executive vice president now owns 11,103 shares in the company, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial cut their price target 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 investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $120.50.

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.