Raymond James & Associates Purchases 62,942 Shares of The Brink’s Company (NYSE:BCO)

Raymond James & Associates raised its position in shares of The Brink’s Company (NYSE:BCO) by 202.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,055 shares of the business services provider’s stock after buying an additional 62,942 shares during the quarter. Raymond James & Associates owned about 0.21% of Brink’s worth $10,876,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BCO. Covestor Ltd raised its position in shares of Brink’s by 154.8% during the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock valued at $29,000 after buying an additional 192 shares in the last quarter. LRI Investments LLC bought a new stake in Brink’s during the first quarter worth approximately $37,000. Headlands Technologies LLC purchased a new stake in Brink’s during the second quarter valued at approximately $37,000. GAMMA Investing LLC lifted its stake in shares of Brink’s by 119.0% in the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 250 shares during the last quarter. Finally, MFA Wealth Advisors LLC purchased a new position in shares of Brink’s in the 2nd quarter worth approximately $47,000. Institutional investors own 94.96% of the company’s stock.

Brink’s Stock Up 2.8 %

Shares of NYSE:BCO opened at $104.40 on Tuesday. The firm has a market capitalization of $4.61 billion, a PE ratio of 35.27 and a beta of 1.43. The business has a 50 day simple moving average of $109.17 and a two-hundred day simple moving average of $102.66. The Brink’s Company has a 1 year low of $65.97 and a 1 year high of $115.91. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.20. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business earned $1.18 EPS. Brink’s’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts predict that The Brink’s Company will post 7.4 EPS for the current year.

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 0.93%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio is presently 32.77%.

Analyst Ratings Changes

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