21,643 Shares in The Brink’s Company (NYSE:BCO) Bought by Profit Investment Management LLC

Profit Investment Management LLC purchased a new position in shares of The Brink’s Company (NYSE:BCO) in the third quarter, according to its most recent filing with the SEC. The firm purchased 21,643 shares of the business services provider’s stock, valued at approximately $2,503,000. Brink’s accounts for 2.0% of Profit Investment Management LLC’s portfolio, making the stock its 12th largest holding.

Other large investors have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. acquired a new stake in Brink’s during the 1st quarter worth about $1,945,000. Capstone Investment Advisors LLC acquired a new stake in shares of Brink’s in the 1st quarter valued at about $745,000. Fourth Sail Capital LP acquired a new stake in shares of Brink’s in the 1st quarter valued at about $11,501,000. Tidal Investments LLC grew its stake in shares of Brink’s by 228.6% in the 1st quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider’s stock valued at $1,580,000 after buying an additional 11,899 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Brink’s by 219.9% in the 2nd quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock valued at $906,000 after buying an additional 6,081 shares during the period. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Stock Up 1.1 %

NYSE BCO traded up $1.23 during trading hours on Friday, hitting $110.00. The company’s stock had a trading volume of 18,241 shares, compared to its average volume of 254,991. The Brink’s Company has a 52 week low of $64.97 and a 52 week high of $115.91. The company has a market capitalization of $4.86 billion, a PE ratio of 36.75 and a beta of 1.43. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 7.78. The company’s 50-day simple moving average is $106.99 and its two-hundred day simple moving average is $100.99.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.20. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the firm earned $1.18 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts anticipate that The Brink’s Company will post 7.4 EPS for the current fiscal year.

Brink’s Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 0.88%. Brink’s’s dividend payout ratio is currently 32.77%.

Analyst Ratings Changes

BCO has been the subject of several research reports. Truist Financial raised their target price on 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 upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock 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.