Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Brink’s Company (The) (NYSE:BCO – Free Report) by 385,161.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 446,903 shares of the business services provider’s stock after purchasing an additional 446,787 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 1.08% of Brink’s worth $52,167,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in BCO. Advisory Services Network LLC acquired a new stake in shares of Brink’s in the third quarter worth approximately $33,000. Optiver Holding B.V. increased its position in Brink’s by 42.9% during the third quarter. Optiver Holding B.V. now owns 353 shares of the business services provider’s stock worth $41,000 after purchasing an additional 106 shares during the last quarter. Wexford Capital LP purchased a new position in Brink’s during the third quarter worth approximately $42,000. Hantz Financial Services Inc. boosted its holdings in shares of 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 holdings in shares of Brink’s by 161.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.
Brink’s Stock Performance
Shares of BCO opened at $105.00 on Tuesday. The company has a 50-day moving average of $106.36 and a two-hundred day moving average of $115.42. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 24.53 and a beta of 1.08. The company has a debt-to-equity ratio of 9.75, a current ratio of 1.53 and a quick ratio of 1.53. Brink’s Company has a one year low of $80.10 and a one year high of $136.37.
Brink’s Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, May 18th. Brink’s’s dividend payout ratio (DPR) is currently 23.83%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on BCO. Truist Financial boosted their target price on Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Weiss Ratings downgraded shares of Brink’s from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. The Goldman Sachs Group raised their target price on shares of Brink’s from $129.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $154.00.
Get Our Latest Research Report on BCO
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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