Dimensional Fund Advisors LP lifted its stake in The Brink’s Company (NYSE:BCO – Free Report) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,006,620 shares of the business services provider’s stock after purchasing an additional 3,319 shares during the quarter. Dimensional Fund Advisors LP owned about 2.26% of Brink’s worth $103,079,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in Brink’s by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,401 shares of the business services provider’s stock worth $2,703,000 after acquiring an additional 1,082 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Brink’s by 15.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,084 shares of the business services provider’s stock worth $1,647,000 after purchasing an additional 2,147 shares during the period. Thoroughbred Financial Services LLC purchased a new stake in Brink’s in the second quarter valued at approximately $245,000. Headlands Technologies LLC acquired a new position in Brink’s in the 2nd quarter worth approximately $37,000. Finally, Texas Permanent School Fund Corp raised its position in Brink’s by 9.9% during the 2nd quarter. Texas Permanent School Fund Corp now owns 42,852 shares of the business services provider’s stock worth $4,388,000 after buying an additional 3,857 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.
Brink’s Price Performance
Shares of NYSE BCO opened at $111.89 on Wednesday. The company has a debt-to-equity ratio of 7.78, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 42.87 and a beta of 1.43. The firm’s 50 day simple moving average is $106.00 and its 200-day simple moving average is $98.97. The Brink’s Company has a 12 month low of $64.15 and a 12 month high of $114.49.
Brink’s Dividend Announcement
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 issued a $0.2425 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a yield of 0.87%. Brink’s’s payout ratio is 37.16%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on BCO. 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 increased their price target on Brink’s from $110.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $123.50.
View Our Latest Research Report on BCO
Brink’s 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.
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