State of New Jersey Common Pension Fund D Cuts Stock Holdings in The Brink’s Company (NYSE:BCO)

State of New Jersey Common Pension Fund D lessened its position in The Brink’s Company (NYSE:BCO) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,150 shares of the business services provider’s stock after selling 356 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Brink’s were worth $2,099,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Jupiter Asset Management Ltd. purchased a new position in Brink’s in the 1st quarter valued at $1,945,000. Tidal Investments LLC lifted its position in Brink’s by 228.6% during the first quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider’s stock worth $1,580,000 after buying an additional 11,899 shares in the last quarter. SG Americas Securities LLC boosted its stake in Brink’s by 219.9% during the second quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock worth $906,000 after buying an additional 6,081 shares during the last quarter. Vanguard Group Inc. grew its holdings in Brink’s by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock valued at $430,749,000 after buying an additional 63,853 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Brink’s by 36.8% in the 2nd quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock worth $23,962,000 after acquiring an additional 63,000 shares during the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink’s Trading Down 2.6 %

NYSE BCO opened at $91.40 on Friday. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $3.99 billion, a P/E ratio of 34.62 and a beta of 1.44. The firm’s 50-day moving average is $107.09 and its two-hundred day moving average is $103.66. The Brink’s Company has a 12 month low of $75.41 and a 12 month high of $115.91.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the business posted $1.92 EPS. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that The Brink’s Company will post 6.51 earnings per share for the current year.

Brink’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is 36.74%.

Wall Street Analyst Weigh In

BCO has been the subject of a number of analyst reports. Truist Financial dropped their price objective on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $120.50.

Brink’s Profile

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.