Fmr LLC Lowers Stock Position in The Brink’s Company (NYSE:BCO)

Fmr LLC reduced its position in The Brink’s Company (NYSE:BCO) by 7.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,244,648 shares of the business services provider’s stock after selling 354,287 shares during the period. Fmr LLC owned 0.10% of Brink’s worth $490,851,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BCO. Dimensional Fund Advisors LP increased its stake in Brink’s by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,006,620 shares of the business services provider’s stock worth $103,079,000 after acquiring an additional 3,319 shares during the last quarter. LSV Asset Management grew its holdings in shares of Brink’s by 15,919.2% during the 2nd quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock worth $82,018,000 after purchasing an additional 795,961 shares during the period. New York State Common Retirement Fund increased its position in Brink’s by 24.9% during the 3rd quarter. New York State Common Retirement Fund now owns 252,617 shares of the business services provider’s stock worth $29,213,000 after purchasing an additional 50,292 shares in the last quarter. Fiera Capital Corp purchased a new position in Brink’s in the third quarter valued at approximately $27,460,000. Finally, Sei Investments Co. lifted its position in Brink’s by 9.9% during the second quarter. Sei Investments Co. now owns 235,459 shares of the business services provider’s stock valued at $24,111,000 after buying an additional 21,194 shares in the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BCO has been the subject of several recent research reports. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial lowered 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $120.50.

Insider Activity

In related news, EVP James K. Parks sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $96.51, for a total value of $386,040.00. Following the sale, the executive vice president now directly owns 11,103 shares of the company’s stock, valued at $1,071,550.53. This represents a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Brink’s Price Performance

BCO opened at $96.97 on Friday. The Brink’s Company has a twelve month low of $78.13 and a twelve month high of $115.91. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 36.73 and a beta of 1.44. 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 fifty day simple moving average of $104.61 and a 200 day simple moving average of $103.89.

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

Brink’s Dividend Announcement

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

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.