LSV Asset Management lifted its stake in shares of Brink’s Company (The) (NYSE:BCO – Free Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,325,075 shares of the business services provider’s stock after buying an additional 68,690 shares during the quarter. LSV Asset Management owned about 3.19% of Brink’s worth $154,676,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of BCO. Simcoe Capital Management LLC bought a new position in Brink’s during the second quarter worth about $43,465,000. Northwestern Mutual Wealth Management Co. increased its position in Brink’s by 385,161.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 446,903 shares of the business services provider’s stock worth $52,167,000 after acquiring an additional 446,787 shares during the period. First Trust Advisors LP increased its position in Brink’s by 48.2% during the third quarter. First Trust Advisors LP now owns 600,665 shares of the business services provider’s stock worth $70,194,000 after acquiring an additional 195,466 shares during the period. Barclays PLC increased its position in Brink’s by 78.2% during the third quarter. Barclays PLC now owns 370,700 shares of the business services provider’s stock worth $43,320,000 after acquiring an additional 162,677 shares during the period. Finally, Algert Global LLC increased its position in Brink’s by 382.8% during the third quarter. Algert Global LLC now owns 172,880 shares of the business services provider’s stock worth $20,203,000 after acquiring an additional 137,069 shares during the period. 94.96% of the stock is owned by institutional investors.
Brink’s Price Performance
BCO stock opened at $104.68 on Friday. 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 $80.10 and a 12 month high of $136.37. The firm has a market cap of $4.31 billion, a P/E ratio of 24.46 and a beta of 1.08. The company’s 50-day moving average price is $105.66 and its two-hundred day moving average price is $115.20.
Brink’s Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, May 18th. Brink’s’s dividend payout ratio (DPR) is presently 23.83%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Truist Financial raised their price target on shares of Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Weiss Ratings lowered shares of Brink’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Finally, 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 report on Monday, March 2nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $154.00.
Check Out Our Latest Stock Analysis on Brink’s
Brink’s Company 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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