ClearAlpha Technologies LP Sells 1,246 Shares of The Brink’s Company (NYSE:BCO)

ClearAlpha Technologies LP cut its stake in The Brink’s Company (NYSE:BCO) by 30.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,826 shares of the business services provider’s stock after selling 1,246 shares during the quarter. ClearAlpha Technologies LP’s holdings in Brink’s were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Wasatch Advisors LP purchased a new stake in Brink’s in the third quarter worth approximately $59,308,000. Edgestream Partners L.P. boosted its stake in shares of Brink’s by 13.5% in the 3rd quarter. Edgestream Partners L.P. now owns 12,331 shares of the business services provider’s stock worth $1,426,000 after buying an additional 1,471 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Brink’s by 32.6% in the third quarter. Captrust Financial Advisors now owns 6,276 shares of the business services provider’s stock worth $726,000 after acquiring an additional 1,543 shares during the period. Martingale Asset Management L P purchased a new stake in Brink’s during the third quarter valued at $667,000. Finally, Townsquare Capital LLC bought a new position in Brink’s in the third quarter valued at about $278,000. 94.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Brink’s Price Performance

NYSE BCO opened at $96.71 on Monday. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The business’s fifty day moving average is $104.30 and its 200 day moving average is $103.97. The company has a market capitalization of $4.22 billion, a PE ratio of 36.63 and a beta of 1.44. The Brink’s Company has a fifty-two week low of $78.13 and a fifty-two week high of $115.91.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). The company had revenue of $1.19 billion for 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 was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.92 earnings per share. Sell-side analysts predict that The Brink’s Company will post 6.51 earnings per share for the current year.

Brink’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a $0.2425 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.00%. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Wall Street Analyst Weigh In

BCO has been the subject of a number of recent research reports. Truist Financial cut their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Brink’s presently has a consensus rating of “Buy” and a consensus price target of $120.50.

Brink’s Profile

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.