Brink’s Company (The) $BCO Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp raised its position in shares of Brink’s Company (The) (NYSE:BCO) by 10.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 102,402 shares of the business services provider’s stock after acquiring an additional 9,871 shares during the period. King Luther Capital Management Corp’s holdings in Brink’s were worth $10,342,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Verdence Capital Advisors LLC boosted its holdings in shares of Brink’s by 1.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,822 shares of the business services provider’s stock worth $992,000 after acquiring an additional 94 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its holdings in Brink’s by 0.5% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 26,713 shares of the business services provider’s stock valued at $2,698,000 after purchasing an additional 125 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Brink’s by 1.1% during the 2nd quarter. Hsbc Holdings PLC now owns 15,650 shares of the business services provider’s stock valued at $1,469,000 after purchasing an additional 169 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Brink’s by 4.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,024 shares of the business services provider’s stock valued at $402,000 after purchasing an additional 186 shares in the last quarter. Finally, State of Michigan Retirement System raised its position in Brink’s by 2.0% in the 1st quarter. State of Michigan Retirement System now owns 9,977 shares of the business services provider’s stock valued at $1,034,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on BCO. Zacks Research lowered Brink’s from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 5th. Weiss Ratings lowered Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Wall Street Zen cut Brink’s from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Brink’s presently has an average rating of “Hold” and an average target price of $154.00.

Brink’s Price Performance

BCO opened at $116.94 on Friday. Brink’s Company has a one year low of $91.05 and a one year high of $136.37. The company has a debt-to-equity ratio of 9.89, a current ratio of 1.55 and a quick ratio of 1.55. The company’s 50 day simple moving average is $106.90 and its 200-day simple moving average is $110.04. The stock has a market capitalization of $4.82 billion, a P/E ratio of 13.08 and a beta of 0.95.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, November 4th. The business services provider reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.25. Brink’s had a net margin of 2.88% and a return on equity of 91.46%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company posted $2.08 EPS. Brink’s’s revenue was up 3.0% on a year-over-year basis. Sell-side analysts anticipate that Brink’s Company will post 8.99 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 2nd will be paid a $0.2550 dividend. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 2nd. Brink’s’s dividend payout ratio (DPR) is 26.77%.

Brink’s Company Profile

Brink’s is a global provider of secure transportation and cash-management services. Its offerings include armored transportation of cash and valuables, cash processing, ATM management and replenishment, and related services for financial institutions, retailers, businesses and government customers. The company also provides international secure logistics for high-value goods, including services for businesses that need to move valuables across borders. Its operations span numerous countries and regions, serving customers through local teams and facilities.