Teacher Retirement System of Texas Trims Holdings in The Brink's Company (NYSE:BCO)

Teacher Retirement System of Texas lowered its position in The Brink's Company (NYSE:BCO - Free Report) by 58.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,171 shares of the business services provider's stock after selling 70,221 shares during the period. Teacher Retirement System of Texas owned approximately 0.11% of Brink's worth $4,413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of BCO. Blue Trust Inc. boosted its stake in shares of Brink's by 60.3% in the fourth quarter. Blue Trust Inc. now owns 375 shares of the business services provider's stock worth $33,000 after buying an additional 141 shares during the last quarter. Covestor Ltd lifted its holdings in Brink's by 225.7% in the third quarter. Covestor Ltd now owns 495 shares of the business services provider's stock valued at $36,000 after acquiring an additional 343 shares during the period. HM Payson & Co. purchased a new stake in Brink's in the 3rd quarter worth approximately $53,000. Principal Securities Inc. acquired a new stake in shares of Brink's during the 4th quarter worth approximately $73,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Brink's by 14.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,513 shares of the business services provider's stock valued at $110,000 after purchasing an additional 188 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group raised their price target on shares of Brink's from $98.00 to $103.00 and gave the company a "buy" rating in a research report on Friday, March 1st. TheStreet cut Brink's from a "b" rating to a "c+" rating in a report on Wednesday, March 13th. Finally, Truist Financial raised their price objective on Brink's from $90.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, February 28th.

Brink's Price Performance

Shares of NYSE BCO traded down $0.72 during trading on Wednesday, hitting $97.28. The company had a trading volume of 240,869 shares, compared to its average volume of 219,695. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 37.49 and a beta of 1.39. The stock has a fifty day simple moving average of $88.70 and a two-hundred day simple moving average of $83.70. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 6.37. The Brink's Company has a fifty-two week low of $63.79 and a fifty-two week high of $98.99.

Brink's (NYSE:BCO - Get Free Report) last released its earnings results on Wednesday, May 8th. The business services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.29. Brink's had a return on equity of 59.84% and a net margin of 2.46%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business posted $1.16 earnings per share. The business's quarterly revenue was up 4.3% compared to the same quarter last year. On average, research analysts expect that The Brink's Company will post 7.51 earnings per share for the current year.

Brink's Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be given a $0.243 dividend. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Brink's's previous quarterly dividend of $0.22. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.00%. Brink's's dividend payout ratio is 37.16%.

Insider Activity at Brink's

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

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.