Parkside Financial Bank & Trust Reduces Stake in The Brink’s Company (NYSE:BCO)

Parkside Financial Bank & Trust reduced its position in The Brink’s Company (NYSE:BCO) by 43.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,269 shares of the business services provider’s stock after selling 956 shares during the period. Parkside Financial Bank & Trust’s holdings in Brink’s were worth $118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BCO. Sound Income Strategies LLC lifted its position in Brink’s by 13.6% during the fourth quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider’s stock valued at $6,487,000 after purchasing an additional 8,352 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Brink’s by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider’s stock valued at $27,901,000 after purchasing an additional 23,781 shares in the last quarter. New York State Common Retirement Fund lifted its position in Brink’s by 24.9% during the third quarter. New York State Common Retirement Fund now owns 252,617 shares of the business services provider’s stock valued at $29,213,000 after purchasing an additional 50,292 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Brink’s during the third quarter valued at $1,497,000. Finally, Wellington Management Group LLP lifted its position in Brink’s by 203.5% during the third quarter. Wellington Management Group LLP now owns 69,693 shares of the business services provider’s stock valued at $8,059,000 after purchasing an additional 46,729 shares in the last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Brink’s Price Performance

NYSE:BCO opened at $94.16 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The business’s 50-day simple moving average is $92.69 and its two-hundred day simple moving average is $99.73. The stock has a market cap of $4.06 billion, a PE ratio of 35.67 and a beta of 1.39. The Brink’s Company has a 52 week low of $80.95 and a 52 week high of $115.91.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.26. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. As a group, analysts forecast that The Brink’s Company will post 6.49 EPS for the current fiscal year.

Brink’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2425 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 1.03%. Brink’s’s dividend payout ratio is presently 26.87%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BCO. Truist Financial lowered their target price on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday.

About Brink’s

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.