Natixis Advisors LLC Grows Stock Holdings in The Brink’s Company (NYSE:BCO)

Natixis Advisors LLC increased its holdings in shares of The Brink’s Company (NYSE:BCO) by 15.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,919 shares of the business services provider’s stock after purchasing an additional 3,376 shares during the period. Natixis Advisors LLC owned approximately 0.06% of Brink’s worth $2,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BCO. Russell Investments Group Ltd. boosted its position in Brink’s by 10,280.0% in the 1st quarter. Russell Investments Group Ltd. now owns 2,595 shares of the business services provider’s stock worth $240,000 after purchasing an additional 2,570 shares in the last quarter. Vanguard Group Inc. increased its holdings in Brink’s by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock valued at $430,749,000 after buying an additional 63,853 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Brink’s by 13.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 30,086 shares of the business services provider’s stock worth $2,777,000 after acquiring an additional 3,636 shares during the period. LRI Investments LLC purchased a new stake in shares of Brink’s during the 1st quarter worth about $37,000. Finally, Lazard Asset Management LLC grew its position in shares of Brink’s by 375.2% during 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 during the period. 94.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BCO has been the topic of several recent analyst reports. Truist Financial decreased their price objective on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $120.50.

Brink’s Price Performance

Shares of NYSE BCO opened at $96.55 on Monday. The firm has a 50-day simple moving average of $105.72 and a 200-day simple moving average of $103.97. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 36.57 and a beta of 1.44. The Brink’s Company has a 52 week low of $77.07 and a 52 week high of $115.91.

Brink’s (NYSE:BCO) last released its earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the business earned $1.92 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities analysts predict that The Brink’s Company will post 6.51 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

The company also recently declared 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 of this dividend is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 1.00%. Brink’s’s payout ratio is 36.74%.

About Brink’s

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.