XTX Topco Ltd Invests $565,000 in The Brink’s Company (NYSE:BCO)

XTX Topco Ltd bought a new position in shares of The Brink’s Company (NYSE:BCO) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 5,521 shares of the business services provider’s stock, valued at approximately $565,000.

Several other institutional investors also recently modified their holdings of BCO. Jupiter Asset Management Ltd. acquired a new position in shares of Brink’s in the 1st quarter valued at approximately $1,945,000. Capstone Investment Advisors LLC acquired a new position in shares of Brink’s in the 1st quarter valued at approximately $745,000. Fourth Sail Capital LP acquired a new position in shares of Brink’s in the 1st quarter valued at approximately $11,501,000. Tidal Investments LLC grew its position in shares of Brink’s by 228.6% in the 1st quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider’s stock valued at $1,580,000 after purchasing an additional 11,899 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Brink’s by 219.9% in the 2nd quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock valued at $906,000 after acquiring an additional 6,081 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Stock Performance

Shares of Brink’s stock opened at $112.93 on Tuesday. The Brink’s Company has a 12-month low of $64.15 and a 12-month high of $114.49. The business’s 50 day moving average is $105.90 and its 200-day moving average is $98.77. 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 stock has a market cap of $5.02 billion, a P/E ratio of 43.27 and a beta of 1.43.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.20. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the business earned $1.18 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts predict that The Brink’s Company will post 7.51 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors 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 yield of 0.86%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 37.16%.

Analyst Ratings Changes

BCO has been the topic of several research reports. Truist Financial boosted their target price on Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $123.50.

Brink’s Company Profile

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.