Vise Technologies Inc. Boosts Stake in The Brink’s Company (NYSE:BCO)

Vise Technologies Inc. raised its holdings in The Brink’s Company (NYSE:BCOFree Report) by 22.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,983 shares of the business services provider’s stock after acquiring an additional 721 shares during the period. Vise Technologies Inc.’s holdings in Brink’s were worth $350,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Blue Trust Inc. lifted its stake in Brink’s by 60.3% in the fourth quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock worth $33,000 after purchasing an additional 141 shares during the last quarter. Arizona State Retirement System boosted its holdings in Brink’s by 1.1% during the 3rd quarter. Arizona State Retirement System now owns 13,218 shares of the business services provider’s stock valued at $960,000 after acquiring an additional 148 shares during the period. Parkside Financial Bank & Trust grew its position in Brink’s by 14.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,513 shares of the business services provider’s stock worth $110,000 after acquiring an additional 188 shares during the last quarter. CenterBook Partners LP increased its stake in Brink’s by 1.4% in the 3rd quarter. CenterBook Partners LP now owns 17,205 shares of the business services provider’s stock worth $1,250,000 after purchasing an additional 231 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Brink’s by 8.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,326 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 264 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.

Brink’s Trading Down 0.7 %

BCO stock traded down $0.69 during trading on Wednesday, reaching $97.31. The company had a trading volume of 240,870 shares, compared to its average volume of 219,695. The business has a 50 day moving average of $88.70 and a 200 day moving average of $83.70. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $4.33 billion, a P/E ratio of 37.49 and a beta of 1.39. The Brink’s Company has a 52 week low of $63.79 and a 52 week high of $98.99.

Brink’s (NYSE:BCOGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The business services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.29. Brink’s had a return on equity of 59.84% and a net margin of 2.46%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company posted $1.16 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts forecast that The Brink’s Company will post 7.51 earnings per share for the current fiscal year.

Brink’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be issued a $0.243 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, May 10th. This is a boost from Brink’s’s previous quarterly dividend of $0.22. Brink’s’s dividend payout ratio is 37.16%.

Insider Buying and Selling at Brink’s

In other news, Director Keith R. Wyche sold 400 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $82.37, for a total value of $32,948.00. Following the sale, the director now directly owns 665 shares of the company’s stock, valued at $54,776.05. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BCO shares. TheStreet lowered shares of Brink’s from a “b” rating to a “c+” rating in a report on Wednesday, March 13th. Truist Financial boosted their price target on Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group increased their price objective on Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, March 1st.

Check Out Our Latest Stock Report on Brink’s

Brink’s Company Profile

(Free Report)

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.

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Institutional Ownership by Quarter for Brink's (NYSE:BCO)

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