The Brink’s Company (NYSE:BCO) Shares Sold by Redwood Investments LLC

Redwood Investments LLC reduced its holdings in The Brink’s Company (NYSE:BCOFree Report) by 78.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,610 shares of the business services provider’s stock after selling 179,696 shares during the quarter. Brink’s accounts for 1.2% of Redwood Investments LLC’s portfolio, making the stock its 24th largest position. Redwood Investments LLC owned about 0.11% of Brink’s worth $4,451,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Brink’s by 60.3% in the 4th quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 141 shares during the period. Covestor Ltd increased its position in Brink’s by 225.7% in the 3rd quarter. Covestor Ltd now owns 495 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 343 shares during the period. IFP Advisors Inc increased its position in Brink’s by 904.0% in the 3rd quarter. IFP Advisors Inc now owns 502 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 452 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in Brink’s in the 3rd quarter valued at approximately $37,000. Finally, Dark Forest Capital Management LP acquired a new stake in Brink’s in the 1st quarter valued at approximately $36,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on BCO

Brink’s Stock Up 1.4 %

Shares of BCO stock opened at $92.38 on Monday. The Brink’s Company has a 1 year low of $59.46 and a 1 year high of $93.25. The stock has a market cap of $4.13 billion, a PE ratio of 50.76 and a beta of 1.40. The business’s fifty day moving average is $83.43 and its 200-day moving average is $79.60. The company has a debt-to-equity ratio of 6.27, a quick ratio of 1.43 and a current ratio of 1.43.

Brink’s (NYSE:BCOGet Free Report) last issued its earnings results on Thursday, February 29th. The business services provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.10 EPS. Equities analysts expect that The Brink’s Company will post 7.51 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 5th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, February 2nd. Brink’s’s payout ratio is 48.35%.

Insider Buying and Selling

In related news, Director Keith R. Wyche sold 400 shares of Brink’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $82.37, for a total value of $32,948.00. Following the transaction, the director now directly owns 665 shares in the company, valued at approximately $54,776.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

Brink’s Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Brink's (NYSE:BCO)

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