Retirement Systems of Alabama Has $4.96 Million Holdings in The Brink’s Company (NYSE:BCO)

Retirement Systems of Alabama trimmed its stake in shares of The Brink’s Company (NYSE:BCO) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,425 shares of the business services provider’s stock after selling 1,543 shares during the period. Retirement Systems of Alabama owned approximately 0.13% of Brink’s worth $4,963,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BCO. Truist Financial Corp acquired a new position in Brink’s during the 4th quarter worth $352,000. Parkside Financial Bank & Trust lifted its stake in shares of Brink’s by 13.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,723 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 210 shares during the period. OLD National Bancorp IN bought a new position in Brink’s in the fourth quarter valued at about $215,000. Knights of Columbus Asset Advisors LLC increased its position in Brink’s by 318.9% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 115,968 shares of the business services provider’s stock worth $10,199,000 after purchasing an additional 88,282 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Brink’s by 34.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,628 shares of the business services provider’s stock worth $847,000 after purchasing an additional 2,484 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Brink’s Stock Performance

Shares of NYSE:BCO opened at $90.58 on Monday. The firm’s 50 day simple moving average is $86.85 and its 200 day simple moving average is $82.36. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 49.77 and a beta of 1.39. The Brink’s Company has a fifty-two week low of $59.46 and a fifty-two week high of $93.25. The company has a debt-to-equity ratio of 6.27, a current ratio of 1.43 and a quick ratio of 1.43.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Thursday, February 29th. The business services provider reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.27. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Brink’s had a return on equity of 55.36% and a net margin of 1.77%. Brink’s’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.10 EPS. As a group, sell-side analysts forecast that The Brink’s Company will post 7.51 earnings per share for the current year.

Brink’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be given a dividend of $0.243 per share. This is a boost from Brink’s’s previous quarterly dividend of $0.22. This represents a $0.97 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, May 10th. Brink’s’s dividend payout ratio is currently 48.35%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. TheStreet cut shares of Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. Finally, The Goldman Sachs Group raised their price target on Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, March 1st.

About Brink’s

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.