Hancock Whitney Corp Buys 192 Shares of The Brink’s Company (NYSE:BCO)

Hancock Whitney Corp boosted its stake in The Brink’s Company (NYSE:BCO) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,279 shares of the business services provider’s stock after purchasing an additional 192 shares during the period. Hancock Whitney Corp’s holdings in Brink’s were worth $1,651,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BCO. Headlands Technologies LLC bought a new position in shares of Brink’s in the 2nd quarter valued at $37,000. LRI Investments LLC acquired a new stake in shares of Brink’s during the first quarter valued at about $37,000. MFA Wealth Advisors LLC acquired a new stake in shares of Brink’s during the second quarter valued at about $47,000. GAMMA Investing LLC grew its holdings in shares of Brink’s by 119.0% during the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock worth $47,000 after purchasing an additional 250 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Brink’s by 200.5% in the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock valued at $71,000 after buying an additional 407 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BCO shares. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Truist Financial reduced their price objective on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $120.50.

Insider Activity

In other Brink’s news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the sale, the executive vice president now directly owns 11,103 shares in the company, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by company insiders.

Brink’s Stock Performance

Shares of BCO stock opened at $99.52 on Tuesday. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The Brink’s Company has a one year low of $77.84 and a one year high of $115.91. The business’s 50 day simple moving average is $105.72 and its 200 day simple moving average is $103.97. The stock has a market capitalization of $4.34 billion, a PE ratio of 37.70 and a beta of 1.44.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.27 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 earnings per share. As a group, research analysts forecast that The Brink’s Company will post 6.51 earnings per share for the current year.

Brink’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

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.