Barclays PLC Has $43.32 Million Position in Brink’s Company (The) $BCO

Barclays PLC boosted its holdings in shares of Brink’s Company (The) (NYSE:BCO) by 78.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 370,700 shares of the business services provider’s stock after acquiring an additional 162,677 shares during the period. Barclays PLC owned 0.89% of Brink’s worth $43,320,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caldwell Trust Co bought a new position in shares of Brink’s in the 2nd quarter worth $27,000. Mather Group LLC. bought a new stake in shares of Brink’s in the 3rd quarter valued at about $34,000. Optiver Holding B.V. raised its position in shares of Brink’s by 42.9% in the 3rd quarter. Optiver Holding B.V. now owns 353 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 106 shares during the period. Hantz Financial Services Inc. raised its position in shares of Brink’s by 120.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 401 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 219 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Brink’s by 161.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $47,000 after acquiring an additional 323 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wall Street Zen cut shares of Brink’s from a “strong-buy” rating to a “buy” rating in a report on Saturday. Truist Financial lifted their price target on shares of Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Finally, The Goldman Sachs Group boosted their price target on shares of Brink’s from $129.00 to $145.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Brink’s currently has a consensus rating of “Moderate Buy” and an average price target of $154.00.

Insiders Place Their Bets

In other Brink’s news, insider Michael E. Sweeney sold 1,418 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $119.50, for a total transaction of $169,451.00. Following the sale, the insider directly owned 5,755 shares of the company’s stock, valued at approximately $687,722.50. This represents a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.72% of the company’s stock.

Brink’s Price Performance

NYSE:BCO opened at $115.06 on Tuesday. Brink’s Company has a 52-week low of $80.10 and a 52-week high of $136.37. The company has a market cap of $4.73 billion, a P/E ratio of 24.53 and a beta of 1.09. The company has a debt-to-equity ratio of 9.35, a quick ratio of 1.51 and a current ratio of 1.51. The stock’s 50-day simple moving average is $125.33 and its 200 day simple moving average is $118.23.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Thursday, February 26th. The business services provider reported $2.54 EPS for the quarter, beating the consensus estimate of $2.47 by $0.07. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Brink’s had a return on equity of 89.90% and a net margin of 3.80%.The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.12 earnings per share. As a group, sell-side analysts forecast that Brink’s Company will post 6.49 EPS for the current fiscal year.

Brink’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 2nd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, February 2nd. Brink’s’s payout ratio is presently 21.75%.

Brink’s declared that its board has authorized a stock repurchase program on Thursday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 15.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Brink’s Profile

The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.

Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.