WINTON GROUP Ltd acquired a new position in shares of Brink’s Company (The) (NYSE:BCO – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 48,109 shares of the business services provider’s stock, valued at approximately $5,616,000. WINTON GROUP Ltd owned 0.12% of Brink’s as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of BCO. Advisory Services Network LLC bought a new stake in shares of Brink’s during the third quarter worth $33,000. Global Retirement Partners LLC bought a new stake in shares of Brink’s during the fourth quarter worth $39,000. Optiver Holding B.V. lifted its position in shares of Brink’s by 42.9% during the third quarter. Optiver Holding B.V. now owns 353 shares of the business services provider’s stock worth $41,000 after purchasing an additional 106 shares during the last quarter. Wexford Capital LP bought a new stake in shares of Brink’s during the third quarter worth $42,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Brink’s by 120.3% during the third quarter. Hantz Financial Services Inc. now owns 401 shares of the business services provider’s stock worth $47,000 after purchasing an additional 219 shares during the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.
Brink’s Stock Performance
BCO stock opened at $101.13 on Friday. The company has a debt-to-equity ratio of 9.75, a current ratio of 1.53 and a quick ratio of 1.53. The business has a 50-day moving average price of $105.85 and a 200 day moving average price of $114.62. The company has a market capitalization of $4.16 billion, a P/E ratio of 23.63 and a beta of 1.05. Brink’s Company has a 1-year low of $83.35 and a 1-year high of $136.37.
Brink’s Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, May 18th. Brink’s’s payout ratio is presently 23.83%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on BCO. Truist Financial lifted their target price on Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group lifted their target price on Brink’s from $129.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Finally, Weiss Ratings downgraded Brink’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.00.
Brink’s Company 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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