Point72 Asia Singapore Pte. Ltd. Buys Shares of 1,482 The Brink’s Company (NYSE:BCO)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of The Brink’s Company (NYSE:BCO) in the second quarter, according to its most recent filing with the SEC. The firm purchased 1,482 shares of the business services provider’s stock, valued at approximately $152,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BCO. Vanguard Group Inc. raised its position in Brink’s by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock worth $430,749,000 after acquiring an additional 63,853 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Brink’s by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,006,620 shares of the business services provider’s stock worth $103,079,000 after purchasing an additional 3,319 shares during the period. Silvercrest Asset Management Group LLC grew its position in Brink’s by 4.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 928,887 shares of the business services provider’s stock valued at $85,811,000 after acquiring an additional 41,678 shares during the period. LSV Asset Management grew its holdings in shares of 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 during the period. Finally, Norges Bank purchased a new stake in Brink’s during the fourth quarter worth approximately $21,375,000. 94.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Brink’s Price Performance

Shares of NYSE BCO opened at $114.35 on Friday. The Brink’s Company has a 1-year low of $64.15 and a 1-year high of $115.13. The firm has a market capitalization of $5.08 billion, a PE ratio of 43.81 and a beta of 1.43. 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 business’s fifty day moving average price is $106.44 and its two-hundred day moving average price is $99.36.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.20. The company had revenue of $1.25 billion during 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 firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 EPS. On average, research analysts expect that The Brink’s Company will post 7.47 EPS for the current year.

Brink’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Monday, November 4th. Brink’s’s payout ratio 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.