Mutual of America Capital Management LLC Has $2.76 Million Position in The Brink’s Company (NYSE:BCO)

Mutual of America Capital Management LLC lessened its holdings in shares of The Brink’s Company (NYSE:BCO) by 6.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 23,857 shares of the business services provider’s stock after selling 1,600 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Brink’s worth $2,759,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BCO. Covestor Ltd lifted its stake in Brink’s by 154.8% in the first quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock valued at $29,000 after buying an additional 192 shares during the period. LRI Investments LLC acquired a new stake in Brink’s in the first quarter worth $37,000. Headlands Technologies LLC bought a new position in shares of Brink’s during the second quarter worth $37,000. GAMMA Investing LLC grew its holdings in shares of Brink’s by 119.0% in the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after buying an additional 250 shares during the period. Finally, MFA Wealth Advisors LLC bought a new stake in shares of Brink’s in the 2nd quarter valued at $47,000. Institutional investors own 94.96% of the company’s stock.

Brink’s Price Performance

BCO stock opened at $96.55 on Friday. The stock has a market cap of $4.21 billion, a PE ratio of 36.57 and a beta of 1.44. The stock has a 50-day moving average price of $105.72 and a two-hundred day moving average price of $103.81. The Brink’s Company has a 1 year low of $77.07 and a 1 year high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $1.92 EPS. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities analysts forecast that The Brink’s Company will post 6.51 EPS for the current fiscal year.

Brink’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is currently 36.74%.

Analysts Set New Price Targets

A number of research firms have issued reports on BCO. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Truist Financial lowered their target price on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $120.50.

Brink’s Company 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.