The Brink’s Company (NYSE:BCO) Shares Purchased by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC boosted its stake in The Brink’s Company (NYSE:BCO) by 7.0% in the 3rd quarter, Holdings Channel reports. The firm owned 2,774 shares of the business services provider’s stock after buying an additional 181 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Brink’s were worth $321,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BCO. Arizona State Retirement System grew its stake in shares of Brink’s by 1.1% during the second quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock valued at $1,282,000 after acquiring an additional 140 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of Brink’s by 0.3% during the first quarter. Retirement Systems of Alabama now owns 56,573 shares of the business services provider’s stock valued at $5,226,000 after acquiring an additional 148 shares in the last quarter. Quarry LP grew its stake in shares of Brink’s by 21.4% during the second quarter. Quarry LP now owns 852 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 150 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Brink’s by 4.6% during the third quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock valued at $412,000 after acquiring an additional 156 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Brink’s by 154.8% during the first quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Stock Down 0.5 %

Shares of Brink’s stock opened at $103.21 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 7.78. The business has a 50-day moving average price of $109.21 and a 200 day moving average price of $102.78. The Brink’s Company has a fifty-two week low of $65.97 and a fifty-two week high of $115.91. The firm has a market cap of $4.56 billion, a P/E ratio of 35.03 and a beta of 1.43.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.20. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm posted $1.18 earnings per share. Brink’s’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts forecast that The Brink’s Company will post 7.4 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 yield of 0.94%. Brink’s’s payout ratio is currently 32.77%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BCO. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Truist Financial boosted their price objective on Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Brink’s has an average rating of “Buy” and an average price target of $123.50.

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.