Inceptionr LLC Makes New Investment in Brink’s Company (The) $BCO

Inceptionr LLC acquired a new position in shares of Brink’s Company (The) (NYSE:BCO) in the 3rd quarter, Holdings Channel reports. The fund acquired 6,325 shares of the business services provider’s stock, valued at approximately $739,000.

A number of other large investors have also recently made changes to their positions in BCO. Jackson Creek Investment Advisors LLC purchased a new position in Brink’s in the 3rd quarter worth $2,332,000. JPMorgan Chase & Co. grew its stake in Brink’s by 34.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,737 shares of the business services provider’s stock valued at $24,159,000 after purchasing an additional 52,444 shares during the last quarter. LSV Asset Management grew its stake in Brink’s by 16.3% during the 3rd quarter. LSV Asset Management now owns 1,256,385 shares of the business services provider’s stock valued at $146,821,000 after purchasing an additional 175,773 shares during the last quarter. CenterBook Partners LP increased its holdings in shares of Brink’s by 170.1% in the third quarter. CenterBook Partners LP now owns 48,641 shares of the business services provider’s stock valued at $5,684,000 after purchasing an additional 30,635 shares during the period. Finally, Quantbot Technologies LP raised its stake in shares of Brink’s by 715.7% in the third quarter. Quantbot Technologies LP now owns 16,305 shares of the business services provider’s stock worth $1,905,000 after purchasing an additional 14,306 shares during the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BCO has been the subject of a number of research reports. Wall Street Zen downgraded Brink’s from a “strong-buy” rating to a “buy” rating in a report on Saturday. Truist Financial increased their price target on shares of Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group raised their price target on shares of Brink’s from $129.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.00.

Brink’s Stock Performance

NYSE BCO opened at $115.06 on Tuesday. The firm has a market capitalization of $4.73 billion, a P/E ratio of 24.53 and a beta of 1.09. The stock has a 50-day simple moving average of $125.33 and a two-hundred day simple moving average of $118.23. The company has a debt-to-equity ratio of 9.35, a quick ratio of 1.51 and a current ratio of 1.51. Brink’s Company has a fifty-two week low of $80.10 and a fifty-two week high of $136.37.

Brink’s (NYSE:BCO) last issued its earnings results on Thursday, February 26th. The business services provider reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.07. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. Brink’s had a return on equity of 89.90% and a net margin of 3.80%.The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.12 earnings per share. On average, equities analysts forecast that Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s announced that its Board of Directors has initiated a share buyback program on Thursday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 15.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Brink’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, February 2nd. Brink’s’s dividend payout ratio is currently 21.75%.

Insider Activity at Brink’s

In other news, insider Michael E. Sweeney sold 1,418 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $119.50, for a total transaction of $169,451.00. Following the sale, the insider owned 5,755 shares of the company’s stock, valued at $687,722.50. This trade represents a 19.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is owned by insiders.

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.