Blair William & Co. IL Purchases 51,595 Shares of The Brink’s Company (NYSE:BCO)

Blair William & Co. IL raised its position in The Brink’s Company (NYSE:BCO) by 446.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,140 shares of the business services provider’s stock after acquiring an additional 51,595 shares during the quarter. Blair William & Co. IL owned approximately 0.14% of Brink’s worth $6,466,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in 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 buying an additional 63,853 shares during the period. Dimensional Fund Advisors LP raised its stake 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 valued at $103,079,000 after acquiring an additional 3,319 shares during the period. Silvercrest Asset Management Group LLC lifted its holdings in Brink’s by 4.7% during 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 purchasing an additional 41,678 shares during the last quarter. LSV Asset Management boosted its position in 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 worth $82,018,000 after purchasing an additional 795,961 shares during the period. Finally, Norges Bank acquired a new position in shares of Brink’s in the fourth quarter valued at $21,375,000. Institutional investors own 94.96% of the company’s stock.

Brink’s Stock Performance

BCO opened at $112.93 on Friday. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 43.27 and a beta of 1.43. The company’s fifty day moving average price is $105.74 and its two-hundred day moving average price is $98.36. The Brink’s Company has a 1-year low of $64.15 and a 1-year high of $113.63. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 7.78.

Brink’s (NYSE:BCO) last posted its quarterly 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 company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. Brink’s’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 EPS. On average, analysts expect that The Brink’s Company will post 7.51 EPS for the current fiscal year.

Brink’s Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is 37.16%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Truist Financial increased their price target on Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a research note on Friday. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $123.50.

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.