Cerity Partners LLC Increases Stock Holdings in The Brink’s Company (NYSE:BCO)

Cerity Partners LLC boosted its position in shares of The Brink’s Company (NYSE:BCOFree Report) by 32.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,378 shares of the business services provider’s stock after acquiring an additional 3,544 shares during the period. Cerity Partners LLC’s holdings in Brink’s were worth $1,663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Brink’s by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 60,621 shares of the business services provider’s stock valued at $5,602,000 after purchasing an additional 2,188 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Brink’s in the 1st quarter valued at about $300,000. GAMMA Investing LLC boosted its position in shares of Brink’s by 119.0% during the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 250 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Brink’s by 269.9% during the second quarter. Harbor Capital Advisors Inc. now owns 12,720 shares of the business services provider’s stock worth $1,303,000 after purchasing an additional 9,281 shares in the last quarter. Finally, CHICAGO TRUST Co NA bought a new position in shares of Brink’s in the second quarter worth approximately $210,000. Institutional investors own 94.96% of the company’s stock.

Insider Activity

In other Brink’s news, EVP James K. Parks sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the transaction, the executive vice president now directly owns 11,103 shares in the company, valued at approximately $1,071,550.53. This represents 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 the SEC website. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Truist Financial cut their target price on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $120.50.

Get Our Latest Report on Brink’s

Brink’s Stock Up 0.4 %

Shares of NYSE BCO opened at $97.14 on Tuesday. The stock has a market capitalization of $4.24 billion, a P/E ratio of 36.80 and a beta of 1.44. The Brink’s Company has a one year low of $79.03 and a one year high of $115.91. The firm’s 50 day simple moving average is $103.98 and its two-hundred day simple moving average is $103.97. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57.

Brink’s (NYSE:BCOGet Free Report) last issued its earnings results on Wednesday, November 6th. The business services provider reported $1.51 EPS 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 quarter in the previous year, the business earned $1.92 EPS. Brink’s’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, analysts expect that The Brink’s Company will post 6.51 EPS for the current fiscal year.

Brink’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, November 4th. Brink’s’s payout ratio is 36.74%.

Brink’s Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Brink's (NYSE:BCO)

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