The Brink’s Company (NYSE:BCO) Stock Position Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in The Brink’s Company (NYSE:BCO) by 25.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,599 shares of the business services provider’s stock after selling 43,382 shares during the period. Principal Financial Group Inc. owned about 0.28% of Brink’s worth $14,409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BCO. Russell Investments Group Ltd. boosted its holdings in shares of Brink’s by 10,280.0% during the first quarter. Russell Investments Group Ltd. now owns 2,595 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 2,570 shares during the period. ProShare Advisors LLC grew its holdings in Brink’s by 2.2% in the 1st quarter. ProShare Advisors LLC now owns 10,235 shares of the business services provider’s stock worth $946,000 after buying an additional 221 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in Brink’s by 15.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 15,277 shares of the business services provider’s stock valued at $1,411,000 after acquiring an additional 2,100 shares during the period. Jupiter Asset Management Ltd. bought a new stake in Brink’s during the 1st quarter valued at $1,945,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Brink’s during the first quarter valued at about $49,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Truist Financial decreased their price objective on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Brink’s presently has a consensus rating of “Buy” and an average price target of $120.50.

Brink’s Stock Performance

Shares of NYSE BCO opened at $91.41 on Friday. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The Brink’s Company has a one year low of $75.41 and a one year high of $115.91. The business’s 50-day moving average price is $107.09 and its two-hundred day moving average price is $103.78. The company has a market capitalization of $3.99 billion, a P/E ratio of 34.63 and a beta of 1.44.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS. Analysts anticipate that The Brink’s Company will post 6.51 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The firm also recently disclosed 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. This represents a $0.97 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio is presently 36.74%.

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.