5,105 Shares in The Brink’s Company (NYSE:BCO) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of The Brink’s Company (NYSE:BCO) during the third quarter, HoldingsChannel reports. The firm purchased 5,105 shares of the business services provider’s stock, valued at approximately $590,000.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in Brink’s by 219.9% during the 2nd quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock worth $906,000 after buying an additional 6,081 shares during the period. Renaissance Technologies LLC raised its stake in Brink’s by 36.8% during the 2nd quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock worth $23,962,000 after buying an additional 63,000 shares during the period. Sei Investments Co. raised its stake in Brink’s by 9.9% during the 2nd 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 raised its stake in 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 worth $2,662,000 after buying an additional 9,100 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in 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 worth $8,519,000 after buying an additional 543 shares during the period. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink’s Stock Performance

Shares of Brink’s stock opened at $94.62 on Friday. The company has a market cap of $4.13 billion, a PE ratio of 35.84 and a beta of 1.40. The Brink’s Company has a 52 week low of $79.03 and a 52 week high of $115.91. The business has a 50 day moving average price of $100.79 and a 200-day moving average price of $103.63. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76.

Brink’s (NYSE:BCO) last issued its quarterly earnings data 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 company had revenue of $1.19 billion during 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%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $1.92 earnings per share. Equities analysts anticipate that The Brink’s Company will post 6.51 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, November 4th. Brink’s’s payout ratio is 36.74%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. 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, the company has an average rating of “Buy” and an average price target of $120.50.

Insider Activity at Brink’s

In related news, EVP James K. Parks sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total transaction 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 trade represents a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by company insiders.

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.