Cornercap Investment Counsel Inc. Sells 4,086 Shares of The Brink’s Company (NYSE:BCO)

Cornercap Investment Counsel Inc. trimmed its stake in shares of The Brink’s Company (NYSE:BCO) by 58.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,889 shares of the business services provider’s stock after selling 4,086 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Brink’s were worth $334,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Covestor Ltd lifted its position in shares of Brink’s by 154.8% during the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 192 shares during the period. Headlands Technologies LLC bought a new stake in shares of Brink’s during the 2nd quarter valued at $37,000. LRI Investments LLC bought a new stake in shares of Brink’s during the 1st quarter valued at $37,000. MFA Wealth Advisors LLC bought a new stake in shares of Brink’s during the 2nd quarter valued at $47,000. Finally, GAMMA Investing LLC lifted its position in shares of Brink’s by 119.0% during the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 250 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Brink’s Price Performance

Shares of BCO opened at $91.41 on Monday. The Brink’s Company has a 12-month low of $75.41 and a 12-month high of $115.91. The business has a 50-day simple moving average of $107.09 and a two-hundred day simple moving average of $103.89. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The stock has a market cap of $3.99 billion, a PE ratio of 34.63 and a beta of 1.44.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the company earned $1.92 EPS. Brink’s’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts anticipate that The Brink’s Company will post 6.51 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

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 issued a $0.2425 dividend. The ex-dividend date is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a yield of 1.06%. Brink’s’s payout ratio is presently 36.74%.

Analysts Set New Price Targets

BCO has been the subject of a number of research analyst reports. Truist Financial lowered their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $120.50.

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.