Inspire Investing LLC Reduces Stake in The Brink’s Company (NYSE:BCO)

Inspire Investing LLC decreased its stake in shares of The Brink’s Company (NYSE:BCO) by 11.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,411 shares of the business services provider’s stock after selling 456 shares during the period. Inspire Investing LLC’s holdings in Brink’s were worth $349,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BCO. LSV Asset Management lifted its holdings in Brink’s by 15,919.2% during the 2nd quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock worth $82,018,000 after purchasing an additional 795,961 shares in the last quarter. Norges Bank purchased a new stake in shares of Brink’s in the 4th quarter valued at about $21,375,000. Fourth Sail Capital LP purchased a new stake in shares of Brink’s in the 1st quarter valued at about $11,501,000. Lazard Asset Management LLC raised its holdings in shares of Brink’s by 375.2% in the 1st quarter. Lazard Asset Management LLC now owns 99,677 shares of the business services provider’s stock valued at $9,207,000 after acquiring an additional 78,700 shares in the last quarter. Finally, Swedbank AB purchased a new stake in shares of Brink’s in the 2nd quarter valued at about $7,700,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Price Performance

Shares of Brink’s stock opened at $112.93 on Tuesday. 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 $5.02 billion, a PE ratio of 43.27 and a beta of 1.43. The business’s 50-day moving average price is $105.90 and its 200-day moving average price is $98.77. The Brink’s Company has a 12 month low of $64.15 and a 12 month high of $114.49.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, beating the consensus estimate of $1.47 by $0.20. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.18 EPS. Sell-side analysts forecast that The Brink’s Company will post 7.51 EPS for the current fiscal year.

Brink’s Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 0.86%. Brink’s’s dividend payout ratio (DPR) is presently 37.16%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BCO shares. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Truist Financial raised their price target on Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a report on Friday. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price 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.