8,362 Shares in The Brink’s Company (NYSE:BCO) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in The Brink’s Company (NYSE:BCOFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,362 shares of the business services provider’s stock, valued at approximately $735,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IFP Advisors Inc boosted its holdings in Brink’s by 904.0% in the 3rd quarter. IFP Advisors Inc now owns 502 shares of the business services provider’s stock worth $36,000 after buying an additional 452 shares during the period. Covestor Ltd boosted its holdings in Brink’s by 225.7% in the 3rd quarter. Covestor Ltd now owns 495 shares of the business services provider’s stock worth $36,000 after buying an additional 343 shares during the period. Dark Forest Capital Management LP bought a new position in Brink’s in the 1st quarter worth approximately $36,000. FinTrust Capital Advisors LLC bought a new position in Brink’s in the 3rd quarter valued at $37,000. Finally, Quarry LP grew its position in shares of Brink’s by 97.8% during the 1st quarter. Quarry LP now owns 639 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 316 shares in the last quarter. 94.96% of the stock is owned by institutional investors.

Brink’s Stock Down 0.7 %

Shares of NYSE:BCO opened at $90.52 on Wednesday. The Brink’s Company has a 52-week low of $59.46 and a 52-week high of $93.25. The firm has a fifty day moving average of $83.73 and a 200 day moving average of $79.80. The firm has a market capitalization of $4.05 billion, a PE ratio of 49.74 and a beta of 1.40. 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 announced its earnings results on Thursday, February 29th. The business services provider reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.27. Brink’s had a net margin of 1.77% and a return on equity of 55.36%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business earned $2.10 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, research analysts anticipate that The Brink’s Company will post 7.51 EPS for the current fiscal year.

Brink’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 5th were given a $0.22 dividend. The ex-dividend date was Friday, February 2nd. This represents a $0.88 annualized dividend and a yield of 0.97%. Brink’s’s dividend payout ratio (DPR) is presently 48.35%.

Analysts Set New Price Targets

A number of research firms have recently commented on BCO. Truist Financial boosted their price target on shares of Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. TheStreet lowered 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 boosted their price target on shares of Brink’s from $98.00 to $103.00 and gave the company a “buy” rating in a research report on Friday, March 1st.

Get Our Latest Research Report on Brink’s

Insider Buying and Selling

In related news, Director Keith R. Wyche sold 400 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $82.37, for a total value of $32,948.00. Following the completion of the transaction, the director now directly owns 665 shares in the company, valued at $54,776.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by company insiders.

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.

See Also

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

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