Zuckerman Investment Group LLC Sells 7,861 Shares of Brink’s Company (The) $BCO

Zuckerman Investment Group LLC cut its position in Brink’s Company (The) (NYSE:BCO) by 6.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,427 shares of the business services provider’s stock after selling 7,861 shares during the quarter. Zuckerman Investment Group LLC’s holdings in Brink’s were worth $12,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of Brink’s during the 3rd quarter valued at $34,000. Caldwell Trust Co purchased a new stake in shares of Brink’s in the second quarter worth $27,000. Optiver Holding B.V. raised its position in shares of Brink’s by 42.9% in the third quarter. Optiver Holding B.V. now owns 353 shares of the business services provider’s stock worth $41,000 after buying an additional 106 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Brink’s by 120.3% during the third quarter. Hantz Financial Services Inc. now owns 401 shares of the business services provider’s stock valued at $47,000 after buying an additional 219 shares during the period. Finally, Covestor Ltd boosted its stake in Brink’s by 55.6% during the third quarter. Covestor Ltd now owns 434 shares of the business services provider’s stock valued at $51,000 after buying an additional 155 shares during the period. 94.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BCO shares. Truist Financial upped their target price on Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group lifted their price target on Brink’s from $129.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen lowered Brink’s from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Brink’s has a consensus rating of “Moderate Buy” and an average price target of $154.00.

Insiders Place Their Bets

In related news, insider Michael E. Sweeney sold 1,418 shares of the 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 completion of the sale, the insider directly owned 5,755 shares in the company, valued at $687,722.50. This represents a 19.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.49% of the stock is owned by corporate insiders.

Brink’s Price Performance

BCO stock opened at $107.07 on Friday. The company has a debt-to-equity ratio of 9.35, a quick ratio of 1.51 and a current ratio of 1.51. Brink’s Company has a 52 week low of $80.10 and a 52 week high of $136.37. The firm’s fifty day moving average is $124.67 and its 200 day moving average is $118.04. The firm has a market cap of $4.41 billion, a P/E ratio of 22.83 and a beta of 1.09.

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

Brink’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, February 2nd. Brink’s’s payout ratio is 21.75%.

Brink’s announced that its Board of Directors has authorized a stock buyback plan on Thursday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the business services provider to reacquire up to 15.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Brink’s Company 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.