Fourth Sail Capital LP Makes New $11.50 Million Investment in The Brink’s Company (NYSE:BCO)

Fourth Sail Capital LP acquired a new stake in The Brink’s Company (NYSE:BCO) in the first quarter, HoldingsChannel.com reports. The firm acquired 124,500 shares of the business services provider’s stock, valued at approximately $11,501,000. Brink’s accounts for 3.4% of Fourth Sail Capital LP’s investment portfolio, making the stock its 10th largest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in Brink’s by 60.3% during the 4th quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 141 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Brink’s by 14.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,513 shares of the business services provider’s stock valued at $110,000 after buying an additional 188 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Brink’s by 2.0% in the 4th quarter. Franklin Resources Inc. now owns 15,870 shares of the business services provider’s stock worth $1,396,000 after acquiring an additional 318 shares in the last quarter. NBC Securities Inc. boosted its holdings in Brink’s by 5.1% in the first quarter. NBC Securities Inc. now owns 7,044 shares of the business services provider’s stock worth $651,000 after purchasing an additional 339 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Brink’s by 0.7% in the 4th quarter. Raymond James & Associates now owns 47,783 shares of the business services provider’s stock worth $4,203,000 after buying an additional 340 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Price Performance

NYSE:BCO traded up $0.98 during mid-day trading on Tuesday, hitting $103.73. The company’s stock had a trading volume of 403,120 shares, compared to its average volume of 233,546. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 6.37. The stock has a fifty day moving average of $96.46 and a 200-day moving average of $88.78. The Brink’s Company has a fifty-two week low of $63.79 and a fifty-two week high of $105.50. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 39.38 and a beta of 1.45.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, May 8th. The business services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.29. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Brink’s had a net margin of 2.46% and a return on equity of 59.84%. Brink’s’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 EPS. As a group, equities analysts forecast that The Brink’s Company will post 7.56 EPS for the current fiscal year.

Brink’s Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were paid a $0.243 dividend. The ex-dividend date of this dividend was Friday, May 10th. This is a boost from Brink’s’s previous quarterly dividend of $0.22. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.94%. Brink’s’s dividend payout ratio is 37.16%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BCO shares. Truist Financial increased their price objective on shares of Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. The Goldman Sachs Group lifted their price target on Brink’s from $98.00 to $103.00 and gave the company a “buy” rating in a research report on Friday, March 1st. William Blair began coverage on Brink’s in a research note on Tuesday, May 21st. They issued an “outperform” rating on the stock. Finally, TheStreet downgraded Brink’s from a “b” rating to a “c+” rating in a research note on Wednesday, March 13th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $106.50.

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.