SG Americas Securities LLC Acquires 10,172 Shares of Brink's Company (The) $BCO

Key Points

• SG Americas Securities LLC boosted its stake in Brink's by 176.8% in Q4, buying 10,172 shares to hold 15,925 shares valued at about $1.86 million, and institutional investors now own roughly 94.96% of the stock.
• Analysts are raising targets: Goldman Sachs, Truist and Wall Street Zen upgraded or raised price targets (to $145, $163 and a "strong-buy" respectively), leaving a consensus price target of about $154 and an overall "Moderate Buy" rating.
• Capital-return and fundamentals: Brink's authorized a $750 million share buyback (up to ~15.4% of shares) and pays a $1.02 annual dividend (≈1.0% yield); it also reported an earnings beat (Q EPS $2.54 vs. $2.47) with revenue up 9.1% year-over-year.

SG Americas Securities LLC boosted its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 176.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,925 shares of the business services provider's stock after buying an additional 10,172 shares during the period. SG Americas Securities LLC's holdings in Brink's were worth $1,859,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Jackson Creek Investment Advisors LLC acquired a new stake in Brink's in the 3rd quarter valued at approximately $2,332,000. JPMorgan Chase & Co. boosted its position in Brink's by 34.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,737 shares of the business services provider's stock worth $24,159,000 after acquiring an additional 52,444 shares during the last quarter. LSV Asset Management grew its stake in shares of Brink's by 16.3% during the 3rd quarter. LSV Asset Management now owns 1,256,385 shares of the business services provider's stock worth $146,821,000 after acquiring an additional 175,773 shares in the last quarter. Barclays PLC grew its stake in shares of Brink's by 78.2% during the 3rd quarter. Barclays PLC now owns 370,700 shares of the business services provider's stock worth $43,320,000 after acquiring an additional 162,677 shares in the last quarter. Finally, Algert Global LLC increased its stake in Brink's by 382.8% in the 3rd quarter. Algert Global LLC now owns 172,880 shares of the business services provider's stock valued at $20,203,000 after buying an additional 137,069 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on BCO. The Goldman Sachs Group increased their price target on Brink's from $129.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Truist Financial lifted their price objective on shares of Brink's from $138.00 to $163.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Finally, Wall Street Zen upgraded shares of Brink's from a "buy" rating to a "strong-buy" rating in a research report on Sunday, March 15th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $154.00.

Brink's Price Performance

Shares of NYSE:BCO opened at $103.40 on Monday. The firm has a 50 day moving average of $118.23 and a 200-day moving average of $116.85. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.35. Brink's Company has a 12 month low of $80.10 and a 12 month high of $136.37. The stock has a market capitalization of $4.25 billion, a PE ratio of 22.05 and a beta of 1.12.

Brink's (NYSE:BCO - Get Free Report) last issued its earnings results on Thursday, February 26th. The business services provider reported $2.54 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.07. Brink's had a return on equity of 89.90% and a net margin of 3.80%.The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the business posted $2.12 EPS. The company's revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.0%. Brink's's dividend payout ratio is 21.75%.

Brink's declared that its board has initiated a share buyback program on Thursday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 15.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Brink's Profile

The Brink's Company NYSE: BCO is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink's ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.

Brink's armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.

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