Horizon Investments LLC cut its position in Brink’s Company (The) (NYSE:BCO – Free Report) by 91.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,133 shares of the business services provider’s stock after selling 12,724 shares during the quarter. Horizon Investments LLC’s holdings in Brink’s were worth $132,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Brink’s in the 3rd quarter valued at about $33,000. Optiver Holding B.V. grew its stake in shares of Brink’s by 42.9% in the 3rd quarter. Optiver Holding B.V. now owns 353 shares of the business services provider’s stock valued at $41,000 after buying an additional 106 shares during the period. Wexford Capital LP bought a new position in Brink’s in the 3rd quarter valued at about $42,000. Hantz Financial Services Inc. lifted its position in Brink’s by 120.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 401 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 219 shares in the last quarter. Finally, Covestor Ltd lifted its position in Brink’s by 55.6% in the 3rd quarter. Covestor Ltd now owns 434 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 155 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.
Brink’s Price Performance
Shares of NYSE BCO opened at $107.18 on Monday. Brink’s Company has a fifty-two week low of $80.10 and a fifty-two week high of $136.37. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 25.04 and a beta of 1.08. The company has a debt-to-equity ratio of 9.75, a quick ratio of 1.53 and a current ratio of 1.53. The firm’s 50-day simple moving average is $109.21 and its 200 day simple moving average is $115.89.
Brink’s Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.02 annualized dividend and a dividend yield of 1.0%. Brink’s’s dividend payout ratio (DPR) is currently 23.83%.
Analyst Ratings Changes
BCO has been the topic of several recent research reports. Weiss Ratings cut shares of Brink’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. The Goldman Sachs Group raised their price target on shares of Brink’s from $129.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Finally, Truist Financial raised their price target on shares of Brink’s from $138.00 to $163.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Brink’s currently has a consensus rating of “Moderate Buy” and an average price target of $154.00.
Check Out Our Latest 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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