Rhumbline Advisers Sells 4,870 Shares of Brink’s Company (The) $BCO

Rhumbline Advisers trimmed its position in Brink’s Company (The) (NYSE:BCO) by 3.1% during the third quarter, HoldingsChannel.com reports. The fund owned 153,917 shares of the business services provider’s stock after selling 4,870 shares during the quarter. Rhumbline Advisers’ holdings in Brink’s were worth $17,987,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of 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 worth $4,711,000 after buying an additional 5,359 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Brink’s by 3.4% in the first 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 acquiring an additional 852 shares during the last quarter. United Services Automobile Association bought a new position in shares of Brink’s in the first quarter worth about $257,000. CWM LLC boosted its stake in shares of Brink’s by 53.8% in the 2nd quarter. CWM LLC now owns 512 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 179 shares in the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Brink’s in the 2nd quarter valued at approximately $258,000. 94.96% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Michael E. Sweeney sold 1,418 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $119.50, for a total value of $169,451.00. Following the sale, the insider directly owned 5,755 shares in the company, valued at $687,722.50. This represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.72% of the stock is owned by company insiders.

Brink’s Price Performance

Shares of NYSE:BCO opened at $129.88 on Wednesday. The company has a debt-to-equity ratio of 9.14, a quick ratio of 1.46 and a current ratio of 1.46. Brink’s Company has a 52 week low of $80.10 and a 52 week high of $133.62. The firm has a market cap of $5.40 billion, a PE ratio of 33.22 and a beta of 1.09. The firm’s fifty day moving average is $123.52 and its 200-day moving average is $116.22.

Brink’s announced that its board has authorized a stock buyback program on Thursday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the business services provider to repurchase up to 15.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Brink’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.02 annualized dividend and a dividend yield of 0.8%. Brink’s’s dividend payout ratio is presently 26.09%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BCO. Weiss Ratings raised shares of Brink’s from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Truist Financial raised their price objective on Brink’s from $138.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Brink’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

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.