Sierra Ocean LLC Buys Shares of 390 The Brink’s Company (NYSE:BCO)

Sierra Ocean LLC purchased a new stake in The Brink’s Company (NYSE:BCO) in the fourth quarter, Holdings Channel reports. The firm purchased 390 shares of the business services provider’s stock, valued at approximately $36,000.

Other large investors have also recently modified their holdings of the company. US Bancorp DE lifted its holdings in Brink’s by 7.1% during the third quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock worth $183,000 after buying an additional 105 shares during the period. Mather Group LLC. increased its position in shares of Brink’s by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 174 shares during the period. Measured Wealth Private Client Group LLC increased its position in shares of Brink’s by 7.0% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 181 shares during the period. Hancock Whitney Corp boosted its holdings in Brink’s by 1.4% in the third quarter. Hancock Whitney Corp now owns 14,279 shares of the business services provider’s stock valued at $1,651,000 after purchasing an additional 192 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Brink’s by 1.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 21,574 shares of the business services provider’s stock valued at $2,001,000 after purchasing an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered their target price on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Brink’s has an average rating of “Buy” and a consensus target price of $120.50.

Brink’s Trading Down 0.1 %

Shares of Brink’s stock opened at $93.59 on Tuesday. The firm has a market capitalization of $4.08 billion, a PE ratio of 35.45 and a beta of 1.39. The Brink’s Company has a twelve month low of $79.20 and a twelve month high of $115.91. The firm’s 50-day moving average price is $92.67 and its 200 day moving average price is $100.01. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76.

Brink’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Monday, February 3rd. Brink’s’s dividend payout ratio (DPR) is 36.74%.

Insiders Place Their Bets

In other news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $96.51, for a total transaction of $386,040.00. Following the sale, the executive vice president now owns 11,103 shares of the company’s stock, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.49% of the company’s stock.

Brink’s Profile

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.