Edgestream Partners L.P. Takes Position in The Brink’s Company (NYSE:BCO)

Edgestream Partners L.P. purchased a new stake in shares of The Brink’s Company (NYSE:BCO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,860 shares of the business services provider’s stock, valued at approximately $1,112,000.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Brink’s by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock valued at $430,749,000 after acquiring an additional 63,853 shares during the period. Dimensional Fund Advisors LP increased its stake in Brink’s by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,006,620 shares of the business services provider’s stock valued at $103,079,000 after buying an additional 3,319 shares during the period. Silvercrest Asset Management Group LLC increased its stake in Brink’s by 4.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 928,887 shares of the business services provider’s stock valued at $85,811,000 after buying an additional 41,678 shares during the period. LSV Asset Management increased its stake in Brink’s by 15,919.2% in the 2nd quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock valued at $82,018,000 after buying an additional 795,961 shares during the period. Finally, Norges Bank acquired a new position in Brink’s in the 4th quarter valued at approximately $21,375,000. Institutional investors and hedge funds own 94.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BCO shares. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Truist Financial upped their price objective on shares of Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Brink’s currently has an average rating of “Buy” and a consensus target price of $123.50.

Brink’s Stock Performance

BCO stock opened at $112.93 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 7.78. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 43.27 and a beta of 1.43. The Brink’s Company has a 12 month low of $64.15 and a 12 month high of $113.63. The firm has a 50 day moving average of $105.74 and a two-hundred day moving average of $98.36.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.20. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.18 EPS. As a group, equities analysts anticipate that The Brink’s Company will post 7.51 EPS for the current fiscal year.

Brink’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio is presently 37.16%.

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.