Dimensional Fund Advisors LP Raises Holdings in The Brink’s Company (NYSE:BCO)

Dimensional Fund Advisors LP lifted its stake in The Brink’s Company (NYSE:BCO) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,006,620 shares of the business services provider’s stock after purchasing an additional 3,319 shares during the quarter. Dimensional Fund Advisors LP owned about 2.26% of Brink’s worth $103,079,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in Brink’s by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,401 shares of the business services provider’s stock worth $2,703,000 after acquiring an additional 1,082 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Brink’s by 15.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,084 shares of the business services provider’s stock worth $1,647,000 after purchasing an additional 2,147 shares during the period. Thoroughbred Financial Services LLC purchased a new stake in Brink’s in the second quarter valued at approximately $245,000. Headlands Technologies LLC acquired a new position in Brink’s in the 2nd quarter worth approximately $37,000. Finally, Texas Permanent School Fund Corp raised its position in Brink’s by 9.9% during the 2nd quarter. Texas Permanent School Fund Corp now owns 42,852 shares of the business services provider’s stock worth $4,388,000 after buying an additional 3,857 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Price Performance

Shares of NYSE BCO opened at $111.89 on Wednesday. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 42.87 and a beta of 1.43. The firm’s 50 day simple moving average is $106.00 and its 200-day simple moving average is $98.97. 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 released its quarterly earnings results 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 company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the business earned $1.18 earnings per share. Analysts expect that The Brink’s Company will post 7.51 EPS for the current year.

Brink’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a $0.2425 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a yield of 0.87%. Brink’s’s payout ratio is 37.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BCO. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Truist Financial increased their price target on Brink’s from $110.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $123.50.

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.