Retirement Systems of Alabama Decreases Holdings in The Brink’s Company (NYSE:BCO)

Retirement Systems of Alabama decreased its holdings in The Brink’s Company (NYSE:BCO) by 2.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 56,425 shares of the business services provider’s stock after selling 1,543 shares during the period. Retirement Systems of Alabama’s holdings in Brink’s were worth $4,963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Knights of Columbus Asset Advisors LLC grew its stake in shares of Brink’s by 318.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 115,968 shares of the business services provider’s stock valued at $10,199,000 after buying an additional 88,282 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Brink’s by 0.8% in the third quarter. Vanguard Group Inc. now owns 4,728,043 shares of the business services provider’s stock worth $343,445,000 after purchasing an additional 35,957 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Brink’s in the fourth quarter worth $871,000. Sei Investments Co. raised its holdings in Brink’s by 7.3% during the 3rd quarter. Sei Investments Co. now owns 238,856 shares of the business services provider’s stock valued at $17,351,000 after buying an additional 16,230 shares during the last quarter. Finally, Premier Fund Managers Ltd purchased a new stake in Brink’s during the 3rd quarter valued at $3,676,000. Institutional investors own 94.96% of the company’s stock.

Brink’s Stock Performance

Shares of BCO opened at $90.58 on Monday. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 49.77 and a beta of 1.39. The business’s fifty day simple moving average is $86.85 and its two-hundred day simple moving average is $82.36. The Brink’s Company has a 12 month low of $59.46 and a 12 month high of $93.25. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 6.27.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Thursday, February 29th. The business services provider reported $2.76 EPS for the quarter, topping the consensus estimate of $2.49 by $0.27. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate 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 period last year, the company earned $2.10 EPS. Research analysts anticipate that The Brink’s Company will post 7.51 earnings per share for the current fiscal year.

Brink’s Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be given a $0.243 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, May 10th. This is an increase from Brink’s’s previous quarterly dividend of $0.22. Brink’s’s payout ratio is 48.35%.

Insider Buying and Selling at Brink’s

In other Brink’s news, Director Keith R. Wyche sold 400 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 665 shares in the company, valued at approximately $54,776.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BCO. TheStreet cut shares of Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. 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, Truist Financial increased their price objective on Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th.

Brink’s 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.