Crossmark Global Holdings Inc. Purchases 434 Shares of The Brink’s Company (NYSE:BCO)

Crossmark Global Holdings Inc. increased its position in shares of The Brink’s Company (NYSE:BCO) by 15.2% during the 3rd quarter, Holdings Channel reports. The firm owned 3,296 shares of the business services provider’s stock after purchasing an additional 434 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Brink’s were worth $381,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in shares of Brink’s by 10,280.0% during the first quarter. Russell Investments Group Ltd. now owns 2,595 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 2,570 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Brink’s by 2.2% during the 1st quarter. ProShare Advisors LLC now owns 10,235 shares of the business services provider’s stock worth $946,000 after purchasing an additional 221 shares during the period. State Board of Administration of Florida Retirement System grew its position in Brink’s by 15.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 15,277 shares of the business services provider’s stock valued at $1,411,000 after buying an additional 2,100 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Brink’s in the first quarter worth about $49,000. Finally, Vanguard Group Inc. boosted its stake in Brink’s by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock valued at $430,749,000 after acquiring an additional 63,853 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Trading Down 2.6 %

Shares of BCO stock opened at $91.41 on Monday. The Brink’s Company has a 1 year low of $75.41 and a 1 year high of $115.91. The company’s fifty day simple moving average is $107.09 and its two-hundred day simple moving average is $103.89. 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 stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 34.63 and a beta of 1.44.

Brink’s (NYSE:BCO) last issued its quarterly earnings data 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). The company 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%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the company posted $1.92 EPS. As a group, analysts anticipate that The Brink’s Company will post 6.51 earnings per share for the current year.

Brink’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Wall Street Analysts Forecast Growth

BCO has been the subject of several research analyst reports. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. 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 report on Thursday, November 7th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Brink’s presently has a consensus rating of “Buy” and a consensus price target of $120.50.

About Brink’s

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.