Crossmark Global Holdings Inc. Buys 434 Shares of The Brink’s Company (NYSE:BCO)

Crossmark Global Holdings Inc. grew its stake in shares of The Brink’s Company (NYSE:BCO) by 15.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,296 shares of the business services provider’s stock after acquiring an additional 434 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Brink’s were worth $381,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. increased its holdings in Brink’s by 10,280.0% in the 1st quarter. Russell Investments Group Ltd. now owns 2,595 shares of the business services provider’s stock valued at $240,000 after buying an additional 2,570 shares during the period. ProShare Advisors LLC increased its stake in Brink’s by 2.2% in the first quarter. ProShare Advisors LLC now owns 10,235 shares of the business services provider’s stock valued at $946,000 after acquiring an additional 221 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Brink’s by 15.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 15,277 shares of the business services provider’s stock valued at $1,411,000 after purchasing an additional 2,100 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Brink’s during the first quarter worth $49,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Brink’s by 1.4% in the 1st 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 in the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BCO. Truist Financial dropped their price objective on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $120.50.

Brink’s Trading Down 2.6 %

NYSE BCO opened at $91.41 on Monday. The Brink’s Company has a 12 month low of $75.41 and a 12 month 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. The firm has a market capitalization of $3.99 billion, a PE ratio of 34.63 and a beta of 1.44. The business’s 50-day moving average price is $107.09 and its two-hundred day moving average price is $103.89.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.28). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.27 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The business’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.92 earnings per share. On average, analysts expect that The Brink’s Company will post 6.51 EPS for the current year.

Brink’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders 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 1.06%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

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.