Allspring Global Investments Holdings LLC Trims Holdings in The Brink’s Company (NYSE:BCO)

Allspring Global Investments Holdings LLC lessened its stake in The Brink’s Company (NYSE:BCO) by 21.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,545 shares of the business services provider’s stock after selling 16,122 shares during the period. Allspring Global Investments Holdings LLC owned 0.13% of Brink’s worth $5,315,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Creative Planning increased its position in shares of Brink’s by 18.6% during the third quarter. Creative Planning now owns 14,981 shares of the business services provider’s stock worth $1,732,000 after acquiring an additional 2,354 shares during the period. Raymond James & Associates increased its holdings in Brink’s by 202.3% during the 3rd quarter. Raymond James & Associates now owns 94,055 shares of the business services provider’s stock worth $10,876,000 after purchasing an additional 62,942 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Brink’s by 7.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 3,303 shares of the business services provider’s stock valued at $372,000 after buying an additional 223 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Brink’s by 5.3% during the third quarter. State of Alaska Department of Revenue now owns 5,127 shares of the business services provider’s stock valued at $592,000 after buying an additional 260 shares during the period. Finally, Measured Wealth Private Client Group LLC increased its stake in shares of Brink’s by 7.0% during 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 buying an additional 181 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Insider Buying and Selling at Brink’s

In other Brink’s news, EVP James K. Parks sold 4,000 shares of Brink’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 transaction, the executive vice president now directly owns 11,103 shares of the company’s stock, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Brink’s Trading Up 1.2 %

Shares of NYSE:BCO opened at $94.59 on Thursday. The Brink’s Company has a 12-month low of $79.20 and a 12-month high of $115.91. The business’s fifty day simple moving average is $92.62 and its 200-day simple moving average is $99.91. The company has a market capitalization of $4.13 billion, a PE ratio of 35.83 and a beta of 1.39. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76.

Brink’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be paid a $0.2425 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.97 annualized dividend and a yield of 1.03%. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Wall Street Analyst Weigh In

Separately, Truist Financial cut their target price 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 analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $120.50.

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.