Swiss National Bank Decreases Holdings in The Brink’s Company (NYSE:BCO)

Swiss National Bank reduced its stake in shares of The Brink’s Company (NYSE:BCO) by 1.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 86,800 shares of the business services provider’s stock after selling 1,100 shares during the period. Swiss National Bank’s holdings in Brink’s were worth $10,038,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE increased its position in shares of Brink’s by 7.1% during the 3rd quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock valued at $183,000 after purchasing an additional 105 shares during the last quarter. Arizona State Retirement System increased its position in Brink’s by 1.1% during the second quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock valued at $1,282,000 after acquiring an additional 140 shares during the last quarter. Quarry LP increased its position in Brink’s by 21.4% during the second quarter. Quarry LP now owns 852 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 150 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Brink’s by 4.6% in the third quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock valued at $412,000 after acquiring an additional 156 shares during the period. Finally, Measured Wealth Private Client Group LLC lifted its holdings in shares of Brink’s by 7.0% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock worth $321,000 after acquiring an additional 181 shares during the last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Brink’s Price Performance

Shares of BCO stock opened at $96.55 on Monday. The Brink’s Company has a twelve month low of $77.07 and a twelve month high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The stock has a fifty day simple moving average of $105.72 and a two-hundred day simple moving average of $103.97. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 36.57 and a beta of 1.44.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 EPS 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 business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm earned $1.92 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. On average, analysts predict that The Brink’s Company will post 6.51 EPS for the current fiscal year.

Brink’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a dividend of $0.2425 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 1.00%. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $120.50.

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.