Rhumbline Advisers Buys 5,014 Shares of The Brink’s Company (NYSE:BCO)

Rhumbline Advisers increased its stake in shares of The Brink’s Company (NYSE:BCO) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,058 shares of the business services provider’s stock after buying an additional 5,014 shares during the quarter. Rhumbline Advisers owned 0.36% of Brink’s worth $14,570,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BCO. Creative Planning grew its holdings in Brink’s by 18.6% during the third quarter. Creative Planning now owns 14,981 shares of the business services provider’s stock worth $1,732,000 after buying an additional 2,354 shares in the last quarter. Raymond James & Associates increased its position in shares of Brink’s by 202.3% during the 3rd quarter. Raymond James & Associates now owns 94,055 shares of the business services provider’s stock valued at $10,876,000 after purchasing an additional 62,942 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Brink’s by 0.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 73,667 shares of the business services provider’s stock valued at $8,519,000 after purchasing an additional 543 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Brink’s by 7.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,303 shares of the business services provider’s stock valued at $372,000 after purchasing an additional 223 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Brink’s by 5.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,127 shares of the business services provider’s stock valued at $592,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial decreased their target price on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $120.50.

Brink’s Trading Down 0.7 %

Shares of Brink’s stock opened at $91.68 on Friday. The Brink’s Company has a 1 year low of $79.20 and a 1 year high of $115.91. The firm has a market cap of $4.00 billion, a PE ratio of 34.73 and a beta of 1.39. The stock has a fifty day moving average price of $92.51 and a 200-day moving average price of $99.79. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57.

Brink’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be issued a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 1.06%. The ex-dividend date is Monday, February 3rd. Brink’s’s dividend payout ratio (DPR) is currently 36.74%.

About Brink’s

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.