Northwestern Mutual Wealth Management Co. raised its stake in shares of Brink’s Company (The) (NYSE:BCO – Free Report) by 385,161.2% in the fourth quarter, Holdings Channel reports. The fund owned 446,903 shares of the business services provider’s stock after acquiring an additional 446,787 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Brink’s were worth $52,167,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in BCO. Advisory Services Network LLC bought a new position in shares of Brink’s in the third quarter valued at approximately $33,000. Optiver Holding B.V. increased its holdings in Brink’s by 42.9% during 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 in the last quarter. Wexford Capital LP acquired a new stake in Brink’s during the 3rd quarter valued at $42,000. Hantz Financial Services Inc. raised its position 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 last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Brink’s by 161.5% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $47,000 after purchasing an additional 323 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.
Brink’s Trading Up 1.2%
BCO opened at $105.00 on Tuesday. The stock has a market capitalization of $4.32 billion, a P/E ratio of 24.53 and a beta of 1.08. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 9.75. Brink’s Company has a 12 month low of $80.10 and a 12 month high of $136.37. The firm’s fifty day simple moving average is $106.36 and its 200 day simple moving average is $115.42.
Brink’s Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, May 18th. Brink’s’s payout ratio is 23.83%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on BCO. Truist Financial upped their target price on shares of Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. 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. Weiss Ratings downgraded Brink’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Brink’s has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.
View Our Latest Stock Report on Brink’s
About Brink’s
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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