Renaissance Group LLC acquired a new stake in Brink’s Company (The) (NYSE:BCO – Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 65,773 shares of the business services provider’s stock, valued at approximately $7,678,000. Renaissance Group LLC owned approximately 0.16% of Brink’s at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of BCO. Advisory Services Network LLC bought a new position in Brink’s in the 3rd quarter valued at $33,000. Global Retirement Partners LLC bought a new position in Brink’s in the 4th quarter valued at $39,000. Optiver Holding B.V. boosted its holdings in Brink’s by 42.9% in the 3rd quarter. Optiver Holding B.V. now owns 353 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 106 shares during the period. Wexford Capital LP bought a new position in Brink’s in the 3rd quarter valued at $42,000. Finally, Hantz Financial Services Inc. boosted its holdings in Brink’s by 120.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 401 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 219 shares during the period. 94.96% of the stock is currently owned by hedge funds and other institutional investors.
Brink’s Stock Performance
NYSE BCO opened at $101.43 on Thursday. Brink’s Company has a 52-week low of $83.35 and a 52-week high of $136.37. The company has a debt-to-equity ratio of 9.75, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $4.18 billion, a P/E ratio of 23.70 and a beta of 1.05. The company has a fifty day moving average of $105.89 and a 200-day moving average of $114.51.
Brink’s Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Brink’s’s payout ratio is currently 23.83%.
Analysts Set New Price Targets
BCO has been the subject of several analyst reports. Weiss Ratings downgraded shares of Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. The Goldman Sachs Group raised their price target on shares of Brink’s from $129.00 to $145.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Wall Street Zen raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Brink’s has a consensus rating of “Moderate Buy” and an average price target of $154.00.
Read Our Latest Stock Analysis on BCO
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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