Nicola Wealth Management LTD. Boosts Stock Position in The Brink’s Company (NYSE:BCO)

Nicola Wealth Management LTD. raised its holdings in shares of The Brink’s Company (NYSE:BCO) by 62.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,600 shares of the business services provider’s stock after purchasing an additional 16,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Brink’s were worth $4,811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Brink’s by 33.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 21,391 shares of the business services provider’s stock valued at $2,474,000 after acquiring an additional 5,307 shares in the last quarter. MQS Management LLC purchased a new position in shares of Brink’s in the 3rd quarter valued at $775,000. Crossmark Global Holdings Inc. grew its stake in Brink’s by 15.2% in the third quarter. Crossmark Global Holdings Inc. now owns 3,296 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 434 shares during the last quarter. Atria Investments Inc bought a new position in shares of Brink’s during the 3rd quarter worth approximately $272,000. Finally, Assetmark Inc. increased its position in Brink’s by 2,436.7% during the 3rd quarter. Assetmark Inc. now owns 7,813 shares of the business services provider’s stock valued at $903,000 after buying an additional 7,505 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BCO has been the topic of a number of recent analyst reports. 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 decreased their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a report on Thursday, November 7th. 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.com, the stock currently has an average rating of “Buy” and a consensus price target of $120.50.

Brink’s Price Performance

Shares of NYSE BCO traded down $0.48 during mid-day trading on Thursday, reaching $95.12. The company’s stock had a trading volume of 67,284 shares, compared to its average volume of 260,073. The stock has a 50-day moving average of $107.64 and a two-hundred day moving average of $103.72. The stock has a market capitalization of $4.15 billion, a P/E ratio of 36.20 and a beta of 1.44. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The Brink’s Company has a 1-year low of $75.41 and a 1-year high of $115.91.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.28). The firm had revenue of $1.19 billion for 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%. Brink’s’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 earnings per share. On average, equities research analysts anticipate that The Brink’s Company will post 6.51 EPS 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. Stockholders of record on Monday, November 4th will be paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s payout ratio is 36.74%.

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.