Atom Investors LP purchased a new position in Brink’s Company (The) (NYSE:BCO – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,816 shares of the business services provider’s stock, valued at approximately $4,648,000.
A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Brink’s by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 4,129,187 shares of the business services provider’s stock worth $482,000,000 after acquiring an additional 94,634 shares during the last quarter. LSV Asset Management grew its stake in shares of Brink’s by 5.5% during the fourth quarter. LSV Asset Management now owns 1,325,075 shares of the business services provider’s stock worth $154,676,000 after acquiring an additional 68,690 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Brink’s by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 879,446 shares of the business services provider’s stock worth $102,662,000 after acquiring an additional 4,119 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Brink’s by 36.4% during the fourth quarter. First Trust Advisors LP now owns 819,381 shares of the business services provider’s stock worth $95,646,000 after acquiring an additional 218,716 shares during the last quarter. Finally, Boston Partners grew its stake in shares of Brink’s by 10.9% during the third quarter. Boston Partners now owns 607,908 shares of the business services provider’s stock worth $70,922,000 after acquiring an additional 59,542 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.
Brink’s Trading Down 0.3%
Brink’s stock opened at $100.26 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 9.75. Brink’s Company has a 52 week low of $84.66 and a 52 week high of $136.37. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 23.43 and a beta of 1.05. The stock has a 50-day moving average price of $105.69 and a 200 day moving average price of $114.22.
Brink’s Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.0%. Brink’s’s payout ratio is 23.83%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on BCO. Wall Street Zen upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. Weiss Ratings lowered Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Finally, The Goldman Sachs Group boosted their price target on Brink’s from $129.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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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