Capital Fund Management S.A. acquired a new stake in Brink’s Company (The) (NYSE:BCO – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,013 shares of the business services provider’s stock, valued at approximately $1,341,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in shares of Brink’s by 179.9% during the 1st quarter. Cetera Investment Advisers now owns 7,646 shares of the business services provider’s stock worth $659,000 after buying an additional 4,914 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Brink’s by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 546,372 shares of the business services provider’s stock valued at $47,075,000 after purchasing an additional 4,524 shares during the period. Ontario Teachers Pension Plan Board bought a new stake in Brink’s in the first quarter valued at approximately $338,000. Nuveen LLC acquired a new stake in Brink’s in the first quarter worth $9,929,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Brink’s by 11.8% during the first quarter. Russell Investments Group Ltd. now owns 23,279 shares of the business services provider’s stock worth $2,006,000 after purchasing an additional 2,458 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.
Brink’s Stock Performance
Shares of Brink’s stock opened at $116.40 on Friday. The company has a debt-to-equity ratio of 9.14, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 29.77 and a beta of 1.11. The stock’s 50-day moving average is $113.02 and its 200-day moving average is $103.06. Brink’s Company has a one year low of $80.10 and a one year high of $118.60.
Brink’s Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 3rd were issued a dividend of $0.255 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.02 annualized dividend and a yield of 0.9%. Brink’s’s dividend payout ratio is presently 26.09%.
Wall Street Analysts Forecast Growth
BCO has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Brink’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Zacks Research cut Brink’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Wall Street Zen raised Brink’s from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on BCO
Brink’s Profile
The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.
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