Charles Schwab Investment Management Inc. Cuts Stock Position in The Brink’s Company (NYSE:BCO)

Charles Schwab Investment Management Inc. trimmed its position in The Brink’s Company (NYSE:BCO) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 536,739 shares of the business services provider’s stock after selling 11,811 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.23% of Brink’s worth $62,068,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE boosted its holdings in shares of Brink’s by 7.1% in the third quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock valued at $183,000 after acquiring an additional 105 shares in the last quarter. Arizona State Retirement System boosted its holdings in Brink’s by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock valued at $1,282,000 after purchasing an additional 140 shares in the last quarter. Quarry LP boosted its holdings in Brink’s by 21.4% in the 2nd quarter. Quarry LP now owns 852 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 150 shares in the last quarter. Inspire Investing LLC increased its position in Brink’s by 4.6% during the 3rd quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock worth $412,000 after purchasing an additional 156 shares during the period. Finally, Measured Wealth Private Client Group LLC raised its stake in shares of Brink’s by 7.0% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock worth $321,000 after buying an additional 181 shares in the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Truist Financial decreased their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Brink’s presently has an average rating of “Buy” and an average price target of $120.50.

Insiders Place Their Bets

In other news, EVP James K. Parks sold 4,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $96.51, for a total transaction of $386,040.00. Following the completion of the sale, the executive vice president now owns 11,103 shares in the company, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is owned by corporate insiders.

Brink’s Trading Up 0.8 %

Shares of BCO opened at $96.97 on Friday. The Brink’s Company has a 1-year low of $78.13 and a 1-year high of $115.91. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a 50 day simple moving average of $104.61 and a 200-day simple moving average of $103.89. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 36.73 and a beta of 1.44.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.28). Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business earned $1.92 earnings per share. Brink’s’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities analysts forecast that The Brink’s Company will post 6.51 EPS for the current fiscal year.

Brink’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors 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 yield of 1.00%. Brink’s’s dividend payout ratio (DPR) is presently 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.