AQR Capital Management LLC Cuts Stake in The Brink’s Company (NYSE:BCO)

AQR Capital Management LLC lessened its stake in shares of The Brink’s Company (NYSE:BCO) by 16.6% during the second quarter, HoldingsChannel reports. The firm owned 200,629 shares of the business services provider’s stock after selling 39,842 shares during the period. AQR Capital Management LLC’s holdings in Brink’s were worth $20,544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Brink’s by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock valued at $430,749,000 after purchasing an additional 63,853 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Brink’s by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,006,620 shares of the business services provider’s stock worth $103,079,000 after buying an additional 3,319 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in Brink’s by 4.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 928,887 shares of the business services provider’s stock valued at $85,811,000 after buying an additional 41,678 shares during the last quarter. LSV Asset Management grew its stake in shares of Brink’s by 15,919.2% during the second quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock valued at $82,018,000 after acquiring an additional 795,961 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Brink’s during the fourth quarter worth about $21,375,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Analysts Set New Price Targets

BCO has been the subject of a number of recent analyst reports. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial boosted their target price on shares of Brink’s from $110.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Brink’s currently has an average rating of “Buy” and a consensus price target of $123.50.

Brink’s Trading Up 1.1 %

Brink’s stock opened at $115.64 on Tuesday. The Brink’s Company has a 12-month low of $64.15 and a 12-month high of $115.91. The stock has a market capitalization of $5.14 billion, a PE ratio of 44.31 and a beta of 1.43. The firm has a 50 day simple moving average of $106.61 and a 200-day simple moving average of $99.79. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.20. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 EPS. As a group, equities research analysts expect that The Brink’s Company will post 7.47 EPS for the current fiscal year.

Brink’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s payout ratio is 37.16%.

About Brink’s

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.