Retirement Systems of Alabama Cuts Stock Holdings in The Brink’s Company (NYSE:BCO)

Retirement Systems of Alabama reduced its holdings in The Brink’s Company (NYSE:BCO) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 53,066 shares of the business services provider’s stock after selling 551 shares during the period. Retirement Systems of Alabama’s holdings in Brink’s were worth $4,923,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BCO. GAMMA Investing LLC grew its stake in shares of Brink’s by 137.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,091 shares of the business services provider’s stock worth $126,000 after buying an additional 631 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Brink’s by 4.6% during the 3rd quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock worth $412,000 after purchasing an additional 156 shares during the period. CHICAGO TRUST Co NA boosted its stake in shares of Brink’s by 43.8% during the 3rd quarter. CHICAGO TRUST Co NA now owns 2,955 shares of the business services provider’s stock worth $342,000 after purchasing an additional 900 shares during the period. Oliver Luxxe Assets LLC boosted its stake in shares of Brink’s by 77.6% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 29,485 shares of the business services provider’s stock worth $3,410,000 after purchasing an additional 12,882 shares during the period. Finally, Creative Planning boosted its stake in shares of Brink’s by 18.6% during the 3rd quarter. Creative Planning now owns 14,981 shares of the business services provider’s stock worth $1,732,000 after purchasing an additional 2,354 shares during the period. 94.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Brink’s

In other news, EVP James K. Parks sold 4,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the sale, the executive vice president now owns 11,103 shares in the company, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Brink’s Trading Up 1.3 %

Shares of BCO opened at $92.57 on Tuesday. The Brink’s Company has a 1-year low of $79.19 and a 1-year high of $115.91. The company has a 50-day moving average of $92.81 and a 200 day moving average of $100.57. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 35.06 and a beta of 1.39. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57.

Brink’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be issued a dividend of $0.2425 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 1.05%. Brink’s’s payout ratio is 36.74%.

Analyst Ratings Changes

Separately, Truist Financial dropped their price target on shares of 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 equities 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, Brink’s presently has a consensus rating of “Buy” and an average target price of $120.50.

Brink’s Profile

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.