Intech Investment Management LLC Purchases 3,982 Shares of The Brink’s Company (NYSE:BCO)

Intech Investment Management LLC lifted its position in shares of The Brink’s Company (NYSE:BCO) by 43.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,115 shares of the business services provider’s stock after purchasing an additional 3,982 shares during the period. Intech Investment Management LLC’s holdings in Brink’s were worth $1,517,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LRI Investments LLC bought a new stake in Brink’s in the first quarter valued at approximately $37,000. Headlands Technologies LLC acquired a new position in shares of Brink’s in the 2nd quarter worth approximately $37,000. GAMMA Investing LLC boosted its stake in shares of Brink’s by 119.0% in the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 250 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of Brink’s during the second quarter worth $47,000. Finally, First Horizon Advisors Inc. raised its stake in Brink’s by 200.5% during the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock worth $71,000 after buying an additional 407 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on BCO. Truist Financial lowered their price objective on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $120.50.

Brink’s Stock Performance

Shares of BCO stock opened at $99.52 on Tuesday. The Brink’s Company has a 12 month low of $77.84 and a 12 month high of $115.91. The firm has a market capitalization of $4.34 billion, a PE ratio of 37.71 and a beta of 1.44. The firm has a fifty day simple moving average of $105.72 and a two-hundred day simple moving average of $103.97. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76.

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

Brink’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a $0.2425 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.97%. Brink’s’s dividend payout ratio is presently 36.74%.

Insider Activity at Brink’s

In other news, EVP James K. Parks sold 4,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the sale, the executive vice president now owns 11,103 shares in the company, valued at $1,071,550.53. This represents a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by insiders.

Brink’s Company 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.