Brink’s Company (The) $BCO Shares Purchased by Algert Global LLC

Algert Global LLC lifted its holdings in shares of Brink’s Company (The) (NYSE:BCO) by 382.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 172,880 shares of the business services provider’s stock after purchasing an additional 137,069 shares during the quarter. Algert Global LLC owned about 0.42% of Brink’s worth $20,203,000 as of its most recent filing with the SEC.

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

Insider Activity

In other Brink’s news, insider Michael E. Sweeney sold 1,418 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $119.50, for a total transaction of $169,451.00. Following the completion of the transaction, the insider owned 5,755 shares of the company’s stock, valued at approximately $687,722.50. This trade represents a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.49% of the stock is owned by corporate insiders.

Brink’s Price Performance

Brink’s stock opened at $107.07 on Friday. The company has a debt-to-equity ratio of 9.35, a current ratio of 1.51 and a quick ratio of 1.51. The business has a 50 day simple moving average of $124.67 and a 200-day simple moving average of $118.09. Brink’s Company has a 12 month low of $80.10 and a 12 month high of $136.37. The stock has a market capitalization of $4.41 billion, a PE ratio of 22.83 and a beta of 1.09.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Thursday, February 26th. The business services provider reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.07. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. Brink’s had a net margin of 3.80% and a return on equity of 89.90%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.12 earnings per share. Equities analysts predict that Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s declared that its Board of Directors has authorized a share buyback plan on Thursday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 15.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Brink’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 2nd were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, February 2nd. Brink’s’s payout ratio is currently 21.75%.

Wall Street Analysts Forecast Growth

BCO has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their target price on shares of Brink’s from $129.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Truist Financial raised their price target on Brink’s from $138.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, Wall Street Zen raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Sunday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $154.00.

Brink’s Company 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.