The Brink’s Company (NYSE:BCO) Shares Sold by Connable Office Inc.

Connable Office Inc. decreased its holdings in shares of The Brink’s Company (NYSE:BCO) by 17.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,405 shares of the business services provider’s stock after selling 495 shares during the quarter. Connable Office Inc.’s holdings in Brink’s were worth $278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE boosted its position in shares of 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. Arizona State Retirement System boosted its position in shares of Brink’s by 1.1% during the second quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock worth $1,282,000 after buying an additional 140 shares during the period. Quarry LP boosted its position in shares of Brink’s by 21.4% during the second quarter. Quarry LP now owns 852 shares of the business services provider’s stock worth $87,000 after buying an additional 150 shares during the period. Inspire Investing LLC boosted its position in shares of Brink’s by 4.6% during the third quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock worth $412,000 after buying an additional 156 shares during the period. Finally, Measured Wealth Private Client Group LLC boosted its position in shares of Brink’s by 7.0% during the third quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock worth $321,000 after buying an additional 181 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Stock Down 2.6 %

Brink’s stock opened at $91.40 on Friday. The Brink’s Company has a 1-year low of $75.41 and a 1-year high of $115.91. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market cap of $3.99 billion, a PE ratio of 34.62 and a beta of 1.44. The stock’s fifty day moving average is $107.09 and its two-hundred day moving average is $103.66.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business earned $1.92 earnings per share. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. On average, sell-side analysts expect that The Brink’s Company will post 6.51 EPS 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. Stockholders of record on Monday, November 4th will be given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is currently 36.74%.

Analysts Set New Price Targets

Several research analysts have recently commented on BCO shares. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial decreased their target price on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $120.50.

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.