Arizona State Retirement System Sells 239 Shares of The Brink’s Company (NYSE:BCO)

Arizona State Retirement System lowered its stake in The Brink’s Company (NYSE:BCO) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,979 shares of the business services provider’s stock after selling 239 shares during the quarter. Arizona State Retirement System’s holdings in Brink’s were worth $1,142,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. increased its stake in Brink’s by 4,893.0% during the 3rd quarter. Victory Capital Management Inc. now owns 606,845 shares of the business services provider’s stock valued at $44,081,000 after purchasing an additional 594,691 shares in the last quarter. Norges Bank bought a new stake in Brink’s during the 4th quarter valued at $19,268,000. Goldman Sachs Group Inc. increased its stake in Brink’s by 77.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 443,376 shares of the business services provider’s stock valued at $26,918,000 after purchasing an additional 193,145 shares in the last quarter. FMR LLC increased its stake in Brink’s by 3.8% during the 3rd quarter. FMR LLC now owns 4,609,188 shares of the business services provider’s stock valued at $334,811,000 after purchasing an additional 167,505 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Brink’s by 2.4% during the 2nd quarter. BlackRock Inc. now owns 5,551,517 shares of the business services provider’s stock valued at $376,559,000 after purchasing an additional 128,448 shares in the last quarter. Institutional investors own 94.96% of the company’s stock.

Brink’s Price Performance

BCO opened at $86.50 on Tuesday. The company has a debt-to-equity ratio of 6.27, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 47.53 and a beta of 1.40. The firm’s fifty day moving average price is $84.94 and its two-hundred day moving average price is $80.75. The Brink’s Company has a 1 year low of $59.46 and a 1 year high of $93.25.

Brink’s (NYSE:BCO) last posted its quarterly earnings data 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 firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. Brink’s had a net margin of 1.77% and a return on equity of 55.36%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.10 EPS. As a group, analysts anticipate that The Brink’s Company will post 7.51 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

The business also recently declared 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 1.02%. The ex-dividend date was Friday, February 2nd. Brink’s’s dividend payout ratio (DPR) is currently 48.35%.

Analyst Ratings Changes

A number of analysts have commented on BCO shares. TheStreet lowered shares of Brink’s from a “b” rating to a “c+” rating in a research note on Wednesday, March 13th. Truist Financial lifted their price objective on shares of Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group lifted their price objective on shares of Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, March 1st.

Insider Buying and Selling

In related news, Director Keith R. Wyche sold 400 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were 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 of the company’s stock, valued at approximately $54,776.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is owned by insiders.

Brink’s Company Profile

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.