Louisiana State Employees Retirement System purchased a new stake in Brink’s Company (The) (NYSE:BCO – Free Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 12,000 shares of the business services provider’s stock, valued at approximately $1,244,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kirr Marbach & Co. LLC IN lifted its holdings in shares of Brink’s by 1.6% during the first quarter. Kirr Marbach & Co. LLC IN now owns 96,352 shares of the business services provider’s stock worth $9,985,000 after buying an additional 1,480 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Brink’s by 29.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 950 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 217 shares during the period. Hsbc Holdings PLC grew its stake in shares of Brink’s by 477.2% in the fourth quarter. Hsbc Holdings PLC now owns 14,274 shares of the business services provider’s stock valued at $1,671,000 after acquiring an additional 11,801 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Brink’s by 1,273.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 618 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 573 shares in the last quarter. Finally, Invesco Ltd. increased its position in Brink’s by 7.9% during the fourth quarter. Invesco Ltd. now owns 124,279 shares of the business services provider’s stock worth $14,507,000 after acquiring an additional 9,111 shares during the period. 94.96% of the stock is owned by institutional investors and hedge funds.
Brink’s Price Performance
BCO stock opened at $101.67 on Friday. The company’s 50-day moving average price is $102.79 and its two-hundred day moving average price is $112.55. The firm has a market cap of $4.19 billion, a P/E ratio of 23.75 and a beta of 1.06. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 9.75. Brink’s Company has a 12 month low of $84.99 and a 12 month high of $136.37.
Brink’s Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a dividend of $0.255 per share. The ex-dividend date was Monday, May 18th. This represents a $1.02 annualized dividend and a yield of 1.0%. Brink’s’s dividend payout ratio is presently 23.83%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on BCO. Weiss Ratings cut shares of Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Wall Street Zen upgraded 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 stock. According to MarketBeat, Brink’s presently has an average rating of “Moderate Buy” and a consensus target price of $154.00.
Check Out Our Latest Stock Analysis on Brink’s
Brink’s Profile
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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