Sequoia Financial Advisors LLC Invests $871,000 in The Brink's Company (NYSE:BCO)

Sequoia Financial Advisors LLC bought a new position in shares of The Brink's Company (NYSE:BCO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,901 shares of the business services provider's stock, valued at approximately $871,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Lazard Asset Management LLC raised its position in Brink's by 8.0% during the third quarter. Lazard Asset Management LLC now owns 1,900 shares of the business services provider's stock valued at $138,000 after buying an additional 140 shares during the period. Blue Trust Inc. raised its position in Brink's by 60.3% during the fourth quarter. Blue Trust Inc. now owns 375 shares of the business services provider's stock valued at $33,000 after buying an additional 141 shares during the period. Arizona State Retirement System raised its position in Brink's by 1.1% during the third quarter. Arizona State Retirement System now owns 13,218 shares of the business services provider's stock valued at $960,000 after buying an additional 148 shares during the period. Thrivent Financial for Lutherans raised its position in Brink's by 1.4% during the third quarter. Thrivent Financial for Lutherans now owns 12,504 shares of the business services provider's stock valued at $606,000 after buying an additional 167 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in Brink's by 8.8% during the third quarter. Public Employees Retirement System of Ohio now owns 2,206 shares of the business services provider's stock valued at $107,000 after buying an additional 179 shares during the period. 94.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Brink's

In other Brink's news, Director Keith R. Wyche sold 400 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $82.37, for a total value of $32,948.00. Following the completion of the transaction, the director now owns 665 shares of the company's stock, valued at approximately $54,776.05. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.49% of the company's stock.

Brink's Stock Down 0.5 %

Shares of BCO traded down $0.47 during trading hours on Monday, hitting $86.50. 152,060 shares of the company were exchanged, compared to its average volume of 209,306. The company has a market cap of $3.87 billion, a PE ratio of 47.53 and a beta of 1.40. The firm's 50 day moving average is $84.94 and its 200-day moving average is $80.75. The Brink's Company has a 52 week low of $59.46 and a 52 week high of $93.25. The company has a debt-to-equity ratio of 6.27, a quick ratio of 1.43 and a current ratio of 1.43.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The business services provider reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.27. Brink's had a return on equity of 55.36% and a net margin of 1.77%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company posted $2.10 EPS. The firm's revenue was up 4.6% on a year-over-year basis. On average, equities research analysts forecast that The Brink's Company will post 7.51 EPS for the current fiscal year.

Brink's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 5th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.88 annualized dividend and a yield of 1.02%. Brink's's dividend payout ratio (DPR) is 48.35%.

Analyst Upgrades and Downgrades

BCO has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their target price on Brink's from $98.00 to $103.00 and gave the company a "buy" rating in a research note on Friday, March 1st. TheStreet downgraded Brink's from a "b" rating to a "c+" rating in a research note on Wednesday, March 13th. Finally, Truist Financial boosted their target price on Brink's from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th.

Brink's Company 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.