Profit Investment Management LLC Raises Position in The Brink’s Company (NYSE:BCO)

Profit Investment Management LLC increased its holdings in The Brink’s Company (NYSE:BCO) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,648 shares of the business services provider’s stock after acquiring an additional 3,005 shares during the quarter. Brink’s makes up 1.8% of Profit Investment Management LLC’s portfolio, making the stock its 23rd biggest position. Profit Investment Management LLC’s holdings in Brink’s were worth $2,287,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. grew its holdings in shares of Brink’s by 1.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 21,574 shares of the business services provider’s stock valued at $2,001,000 after purchasing an additional 207 shares during the last quarter. Oliver Luxxe Assets LLC raised its holdings in shares of Brink’s by 6.6% during the fourth quarter. Oliver Luxxe Assets LLC now owns 31,421 shares of the business services provider’s stock worth $2,915,000 after acquiring an additional 1,936 shares in the last quarter. JPMorgan Chase & Co. increased its position in Brink’s by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider’s stock worth $27,901,000 after buying an additional 23,781 shares during the last quarter. Franklin Resources Inc. increased its position in Brink’s by 19.9% during the third quarter. Franklin Resources Inc. now owns 292,468 shares of the business services provider’s stock worth $32,862,000 after buying an additional 48,482 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Brink’s by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider’s stock valued at $121,022,000 after purchasing an additional 8,841 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial cut their price target on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research note 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. Based on data from MarketBeat.com, Brink’s has a consensus rating of “Buy” and an average target price of $120.50.

Brink’s Trading Down 1.8 %

Shares of NYSE:BCO opened at $91.04 on Friday. The company’s 50-day moving average price is $93.69 and its two-hundred day moving average price is $101.94. 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 Brink’s Company has a one year low of $79.03 and a one year high of $115.91. The stock has a market capitalization of $3.97 billion, a PE ratio of 34.48 and a beta of 1.40.

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

Brink’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 1.07%. Brink’s’s dividend payout ratio (DPR) is 36.74%.

Insider Activity at Brink’s

In other news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $96.51, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by insiders.

Brink’s Company 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.