Choreo LLC Takes Position in The Brink’s Company (NYSE:BCO)

Choreo LLC acquired a new position in shares of The Brink’s Company (NYSE:BCO) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,039 shares of the business services provider’s stock, valued at approximately $463,000.

Other large investors also recently bought and sold shares of the company. US Bancorp DE increased its position in Brink’s by 7.1% during the 3rd quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock valued at $183,000 after purchasing an additional 105 shares during the period. Inspire Investing LLC lifted its holdings in Brink’s by 4.6% in the third quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock valued at $412,000 after acquiring an additional 156 shares during the period. Mather Group LLC. increased its stake in shares of Brink’s by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 174 shares in the last quarter. Measured Wealth Private Client Group LLC grew its position in shares of Brink’s by 7.0% in the third quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 181 shares during the period. Finally, Hancock Whitney Corp boosted its stake in Brink’s by 1.4% during the 3rd quarter. Hancock Whitney Corp now owns 14,279 shares of the business services provider’s stock worth $1,651,000 after purchasing an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Insider Transactions at Brink’s

In other news, EVP James K. Parks sold 4,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value 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. This trade represents a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced their price target on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Brink’s currently has an average rating of “Buy” and a consensus price target of $120.50.

Brink’s Price Performance

Shares of BCO opened at $93.04 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The Brink’s Company has a twelve month low of $79.19 and a twelve month high of $115.91. The stock’s 50 day moving average is $92.77 and its two-hundred day moving average is $100.46. The firm has a market capitalization of $4.06 billion, a PE ratio of 35.24 and a beta of 1.39.

Brink’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd will be given a $0.2425 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.04%. Brink’s’s dividend payout ratio is presently 36.74%.

Brink’s Company Profile

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.