The Brink’s Company (NYSE:BCO) Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC raised its holdings in The Brink’s Company (NYSE:BCO) by 11.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,215 shares of the business services provider’s stock after buying an additional 5,856 shares during the period. Sound Income Strategies LLC’s holdings in Brink’s were worth $5,286,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BCO. Blue Trust Inc. increased its holdings in shares of Brink’s by 60.3% in 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. Covestor Ltd increased its stake in Brink’s by 225.7% in the third quarter. Covestor Ltd now owns 495 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 343 shares during the last quarter. Quarry LP increased its stake in Brink’s by 265.9% in the fourth quarter. Quarry LP now owns 805 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 585 shares during the last quarter. Principal Securities Inc. acquired a new stake in Brink’s during the fourth quarter worth approximately $73,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Brink’s by 14.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,513 shares of the business services provider’s stock worth $110,000 after buying an additional 188 shares during the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

Brink’s Stock Performance

Shares of NYSE:BCO traded down $0.95 on Wednesday, reaching $102.78. The company’s stock had a trading volume of 279,605 shares, compared to its average volume of 233,923. The Brink’s Company has a 52-week low of $63.79 and a 52-week high of $105.50. The stock has a market capitalization of $4.57 billion, a P/E ratio of 39.69 and a beta of 1.45. The stock’s 50-day moving average is $96.79 and its two-hundred day moving average is $88.92. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.46 and a quick ratio of 1.46.

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, beating analysts’ consensus estimates of $1.23 by $0.29. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.21 billion. Brink’s had a net margin of 2.46% and a return on equity of 59.84%. Brink’s’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $1.16 EPS. As a group, sell-side analysts forecast that The Brink’s Company will post 7.56 EPS for the current year.

Brink’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were given a $0.243 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.97 dividend on an annualized basis and a yield of 0.95%. This is an increase from Brink’s’s previous quarterly dividend of $0.22. Brink’s’s dividend payout ratio (DPR) is presently 37.16%.

Analysts Set New Price Targets

A number of research firms recently commented on BCO. Truist Financial increased their target price on shares of Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. TheStreet cut Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. The Goldman Sachs Group upped their target price on Brink’s from $98.00 to $103.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, William Blair began coverage on Brink’s in a research report on Tuesday, May 21st. They set an “outperform” rating on the stock. 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 stock presently has an average rating of “Buy” and a consensus price target of $106.50.

Brink’s 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.