Nicola Wealth Management LTD. raised its position in shares of Brink’s Company (The) (NYSE:BCO – Free Report) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,600 shares of the business services provider’s stock after purchasing an additional 6,000 shares during the quarter. Nicola Wealth Management LTD. owned 0.11% of Brink’s worth $5,556,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in BCO. Royal Bank of Canada raised its stake in Brink’s by 10.9% during the 1st quarter. Royal Bank of Canada now owns 54,678 shares of the business services provider’s stock valued at $4,711,000 after purchasing an additional 5,359 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Brink’s by 3.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,098 shares of the business services provider’s stock valued at $2,249,000 after purchasing an additional 852 shares during the period. United Services Automobile Association acquired a new stake in Brink’s during the 1st quarter valued at $257,000. Quantbot Technologies LP acquired a new stake in Brink’s during the 2nd quarter valued at $178,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Brink’s by 322.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 15,953 shares of the business services provider’s stock valued at $1,424,000 after purchasing an additional 12,177 shares during the period. 94.96% of the stock is owned by institutional investors and hedge funds.
Brink’s Trading Down 0.1%
NYSE BCO opened at $104.68 on Monday. Brink’s Company has a 1-year low of $80.10 and a 1-year high of $136.37. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 9.75. The company has a market capitalization of $4.31 billion, a PE ratio of 24.46 and a beta of 1.08. The firm’s fifty day simple moving average is $105.66 and its 200-day simple moving average is $115.23.
Brink’s Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, May 18th. Brink’s’s dividend payout ratio is presently 23.83%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on BCO shares. Wall Street Zen raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. The Goldman Sachs Group upped their price target on shares of Brink’s from $129.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Truist Financial upped their price target on shares of Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings downgraded shares of Brink’s from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.
Check Out Our Latest Stock Analysis on BCO
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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