Principal Financial Group Inc. Buys 701 Shares of The Brink’s Company (NYSE:BCO)

Principal Financial Group Inc. raised its stake in The Brink’s Company (NYSE:BCO) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 125,300 shares of the business services provider’s stock after buying an additional 701 shares during the quarter. Principal Financial Group Inc. owned 0.29% of Brink’s worth $11,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of BCO. State of New Jersey Common Pension Fund D raised its position in shares of Brink’s by 26.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 22,877 shares of the business services provider’s stock valued at $2,122,000 after acquiring an additional 4,727 shares during the period. Sierra Ocean LLC bought a new position in shares of Brink’s during the fourth quarter worth $36,000. Rhumbline Advisers boosted its position in shares of Brink’s by 3.3% during the fourth quarter. Rhumbline Advisers now owns 157,058 shares of the business services provider’s stock worth $14,570,000 after purchasing an additional 5,014 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Brink’s in the 4th quarter valued at $1,649,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Brink’s in the 4th quarter valued at $55,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Stock Performance

Shares of BCO opened at $92.15 on Friday. The firm has a market cap of $4.02 billion, a P/E ratio of 34.90 and a beta of 1.39. The Brink’s Company has a twelve month low of $79.20 and a twelve month high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The firm’s 50 day moving average price is $92.55 and its two-hundred day moving average price is $99.76.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.86 by $0.26. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. On average, analysts forecast that The Brink’s Company will post 6.49 EPS for the current fiscal year.

Brink’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Monday, February 3rd. Brink’s’s dividend payout ratio (DPR) is currently 36.74%.

Analyst Upgrades and Downgrades

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