The Brink’s Company (NYSE:BCO) Shares Purchased by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA raised its holdings in The Brink’s Company (NYSE:BCO) by 43.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,955 shares of the business services provider’s stock after purchasing an additional 900 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Brink’s were worth $342,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jupiter Asset Management Ltd. purchased a new stake in Brink’s during the 1st quarter valued at approximately $1,945,000. Capstone Investment Advisors LLC acquired a new position in Brink’s in the 1st quarter valued at $745,000. Fourth Sail Capital LP purchased a new position in Brink’s during the 1st quarter worth $11,501,000. Tidal Investments LLC lifted 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 worth $1,580,000 after acquiring an additional 11,899 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Brink’s by 219.9% in the second quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock valued at $906,000 after acquiring an additional 6,081 shares in the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

Brink’s Trading Up 2.4 %

Shares of BCO opened at $111.42 on Monday. The Brink’s Company has a twelve month low of $64.97 and a twelve 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 7.78. The firm has a market capitalization of $4.95 billion, a P/E ratio of 42.69 and a beta of 1.43. The firm’s 50-day moving average is $107.18 and its two-hundred day moving average is $101.29.

Brink’s (NYSE:BCO) last released its quarterly earnings data 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. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. Brink’s’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS. On average, research analysts predict that The Brink’s Company will post 7.4 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a $0.2425 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 0.87%. Brink’s’s dividend payout ratio is presently 37.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, September 20th. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Brink’s has a consensus rating of “Buy” and a consensus price target 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.