NBC Securities Inc. Acquires 339 Shares of The Brink’s Company (NYSE:BCO)

NBC Securities Inc. lifted its holdings in shares of The Brink’s Company (NYSE:BCO) by 5.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,044 shares of the business services provider’s stock after purchasing an additional 339 shares during the period. NBC Securities Inc.’s holdings in Brink’s were worth $651,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BCO. Blue Trust Inc. boosted its holdings in Brink’s by 60.3% in the fourth 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 boosted its holdings 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 acquiring an additional 343 shares during the last quarter. Quarry LP boosted its holdings 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 acquiring an additional 585 shares during the last quarter. Principal Securities Inc. bought a new position in Brink’s in the fourth quarter valued at about $73,000. Finally, Parkside Financial Bank & Trust boosted its holdings in Brink’s by 14.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,513 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 188 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. The Goldman Sachs Group raised their target price on Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, March 1st. TheStreet cut Brink’s from a “b” rating to a “c+” rating in a report on Wednesday, March 13th. William Blair assumed coverage on Brink’s in a report on Tuesday, May 21st. They set an “outperform” rating on the stock. Finally, Truist Financial raised their target price on Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Brink’s currently has an average rating of “Buy” and an average price target of $106.50.

Brink’s Trading Up 0.5 %

NYSE BCO opened at $102.40 on Friday. The firm has a market cap of $4.55 billion, a P/E ratio of 39.23 and a beta of 1.45. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.46 and a quick ratio of 1.46. The stock’s 50-day moving average is $95.82 and its 200-day moving average is $88.44. The Brink’s Company has a one year low of $63.79 and a one year high of $104.74.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, May 8th. The business services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.29. Brink’s had a return on equity of 59.84% and a net margin of 2.46%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm posted $1.16 earnings per share. Brink’s’s revenue was up 4.3% compared to the same quarter last year. Sell-side analysts anticipate that The Brink’s Company will post 7.56 earnings per share for the current fiscal year.

Brink’s Increases Dividend

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

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.