Vanguard Personalized Indexing Management LLC Acquires 321 Shares of The Brink’s Company (NYSE:BCO)

Vanguard Personalized Indexing Management LLC raised its holdings in shares of The Brink’s Company (NYSE:BCO) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,973 shares of the business services provider’s stock after purchasing an additional 321 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Brink’s were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Covestor Ltd raised its stake in shares of 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 acquiring an additional 192 shares during the period. LRI Investments LLC purchased a new stake in shares of Brink’s in the first quarter valued at $37,000. Headlands Technologies LLC purchased a new stake in shares of Brink’s in the second quarter valued at $37,000. GAMMA Investing LLC raised its stake in shares of Brink’s by 119.0% in the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 250 shares during the period. Finally, MFA Wealth Advisors LLC purchased a new stake in shares of Brink’s in the second quarter valued at $47,000. Institutional investors own 94.96% of the company’s stock.

Brink’s Trading Up 1.2 %

NYSE BCO opened at $114.35 on Friday. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 43.81 and a beta of 1.43. The company’s 50-day simple moving average is $106.44 and its two-hundred day simple moving average is $99.36. The Brink’s Company has a one year low of $64.15 and a one year high of $115.13.

Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, beating 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 company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. Equities analysts forecast that The Brink’s Company will post 7.47 EPS for the current fiscal year.

Brink’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is 37.16%.

Analyst Upgrades and Downgrades

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

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.