Leuthold Group LLC Takes $3.58 Million Position in The Brink’s Company (NYSE:BCO)

Leuthold Group LLC bought a new position in The Brink’s Company (NYSE:BCO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 40,755 shares of the business services provider’s stock, valued at approximately $3,584,000. Leuthold Group LLC owned approximately 0.09% of Brink’s at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BCO. Blue Trust Inc. grew its position in Brink’s by 60.3% in the fourth quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock worth $33,000 after acquiring an additional 141 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Brink’s by 1.1% in the 3rd quarter. Arizona State Retirement System now owns 13,218 shares of the business services provider’s stock worth $960,000 after acquiring an additional 148 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Brink’s by 14.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,513 shares of the business services provider’s stock worth $110,000 after purchasing an additional 188 shares during the period. CenterBook Partners LP grew its holdings in Brink’s by 1.4% during the 3rd quarter. CenterBook Partners LP now owns 17,205 shares of the business services provider’s stock valued at $1,250,000 after purchasing an additional 231 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in Brink’s by 8.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,326 shares of the business services provider’s stock worth $242,000 after purchasing an additional 264 shares during the period. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Brink’s Stock Up 1.3 %

Shares of BCO stock traded up $1.21 on Tuesday, hitting $91.84. The stock had a trading volume of 25,192 shares, compared to its average volume of 206,269. The Brink’s Company has a one year low of $62.13 and a one year high of $93.25. The business has a 50 day moving average price of $87.07 and a 200 day moving average price of $82.52. The company has a market cap of $4.11 billion, a PE ratio of 49.80 and a beta of 1.39. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 6.27.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Thursday, February 29th. The business services provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.49 by $0.27. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Brink’s had a net margin of 1.77% and a return on equity of 55.36%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.10 EPS. Research analysts anticipate that The Brink’s Company will post 7.51 earnings per share for the current fiscal year.

Brink’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be issued a $0.243 dividend. This represents a $0.97 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, May 10th. This is an increase from Brink’s’s previous quarterly dividend of $0.22. Brink’s’s dividend payout ratio (DPR) is currently 48.35%.

Insider Activity

In other news, Director Keith R. Wyche sold 400 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $82.37, for a total transaction of $32,948.00. Following the sale, the director now directly owns 665 shares of the company’s stock, valued at $54,776.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BCO shares. TheStreet cut Brink’s from a “b” rating to a “c+” rating in a report on Wednesday, March 13th. Truist Financial lifted their price objective on shares of Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group upped their target price on shares of Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, March 1st.

Brink’s 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.