Leuthold Group LLC bought a new stake in The Brink's Company (NYSE:BCO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,755 shares of the business services provider's stock, valued at approximately $3,584,000. Leuthold Group LLC owned about 0.09% of Brink's as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Brink's by 318.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 115,968 shares of the business services provider's stock valued at $10,199,000 after acquiring an additional 88,282 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Brink's by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,728,043 shares of the business services provider's stock valued at $343,445,000 after acquiring an additional 35,957 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Brink's during the fourth quarter valued at $871,000. Sei Investments Co. boosted its stake in shares of Brink's by 7.3% during the third quarter. Sei Investments Co. now owns 238,856 shares of the business services provider's stock valued at $17,351,000 after acquiring an additional 16,230 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Brink's by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 631,846 shares of the business services provider's stock valued at $55,571,000 after acquiring an additional 25,001 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. The Goldman Sachs Group increased their price objective on Brink's from $98.00 to $103.00 and gave the company a "buy" rating in a research note on Friday, March 1st. Truist Financial increased their target price on Brink's from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. Finally, TheStreet downgraded Brink's from a "b" rating to a "c+" rating in a research report on Wednesday, March 13th.
Check Out Our Latest Analysis on Brink's
Brink's Trading Up 0.4 %
NYSE BCO traded up $0.33 during trading hours on Tuesday, hitting $90.96. 332,739 shares of the company's stock were exchanged, compared to its average volume of 209,875. The business's 50 day moving average is $87.07 and its 200-day moving average is $82.52. The Brink's Company has a 12-month low of $62.13 and a 12-month high of $93.25. The firm has a market capitalization of $4.07 billion, a P/E ratio of 49.98 and a beta of 1.39. 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 data on Thursday, February 29th. The business services provider reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.49 by $0.27. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. Brink's had a return on equity of 55.36% and a net margin of 1.77%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $2.10 EPS. As a group, analysts anticipate that The Brink's Company will post 7.51 EPS for the current fiscal year.
Brink's Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be issued a $0.243 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.07%. This is an increase from Brink's's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, May 10th. Brink's's dividend payout ratio (DPR) is 53.30%.
Insider Transactions at Brink's
In other news, Director Keith R. Wyche sold 400 shares of the firm's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $82.37, for a total value of $32,948.00. Following the transaction, the director now directly owns 665 shares in the company, valued at approximately $54,776.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.49% of the company's stock.
About Brink's
(
Free Report)
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.
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