Inceptionr LLC Acquires New Shares in Brink’s Company (The) $BCO

Inceptionr LLC bought a new position in shares of Brink’s Company (The) (NYSE:BCO) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,325 shares of the business services provider’s stock, valued at approximately $739,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Caldwell Trust Co purchased a new stake in shares of Brink’s in the 2nd quarter worth approximately $27,000. Mather Group LLC. bought a new position in shares of Brink’s during the third quarter valued at approximately $34,000. Optiver Holding B.V. increased its holdings in Brink’s by 42.9% during the third quarter. Optiver Holding B.V. now owns 353 shares of the business services provider’s stock valued at $41,000 after buying an additional 106 shares during the period. Hantz Financial Services Inc. raised its stake in Brink’s by 120.3% in the third quarter. Hantz Financial Services Inc. now owns 401 shares of the business services provider’s stock worth $47,000 after buying an additional 219 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Brink’s by 161.5% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock worth $47,000 after buying an additional 323 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group increased their target price on Brink’s from $129.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Truist Financial boosted their price target on Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Finally, Wall Street Zen downgraded Brink’s from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Brink’s currently has a consensus rating of “Moderate Buy” and an average target price of $154.00.

Insiders Place Their Bets

In other news, insider Michael E. Sweeney sold 1,418 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $119.50, for a total transaction of $169,451.00. Following the sale, the insider owned 5,755 shares in the company, valued at approximately $687,722.50. The trade was a 19.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Brink’s Trading Down 2.2%

NYSE:BCO opened at $115.06 on Tuesday. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 24.53 and a beta of 1.09. Brink’s Company has a 52 week low of $80.10 and a 52 week high of $136.37. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.35. The firm has a 50 day moving average of $125.33 and a 200 day moving average of $118.23.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Thursday, February 26th. The business services provider reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.07. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. Brink’s had a return on equity of 89.90% and a net margin of 3.80%.The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.12 earnings per share. As a group, sell-side analysts anticipate that Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 2nd were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, February 2nd. Brink’s’s dividend payout ratio (DPR) is currently 21.75%.

Brink’s announced that its board has approved a share repurchase program on Thursday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 15.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Brink’s Profile

The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.

Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.