Sanctuary Advisors LLC cut its holdings in shares of Brink’s Company (The) (NYSE:BCO – Free Report) by 47.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,335 shares of the business services provider’s stock after selling 5,652 shares during the period. Sanctuary Advisors LLC’s holdings in Brink’s were worth $657,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in Brink’s by 150.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 243 shares of the business services provider’s stock worth $29,000 after buying an additional 146 shares in the last quarter. Advisory Services Network LLC bought a new stake in Brink’s during the 3rd quarter valued at $33,000. Global Retirement Partners LLC purchased a new position in shares of Brink’s in the 4th quarter valued at $39,000. Wexford Capital LP bought a new position in shares of Brink’s in the 3rd quarter worth $42,000. Finally, Danske Bank A S bought a new position in shares of Brink’s in the 3rd quarter worth $58,000. 94.96% of the stock is owned by hedge funds and other institutional investors.
Brink’s Stock Down 3.2%
Shares of Brink’s stock opened at $118.13 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 9.75. The company has a market cap of $4.86 billion, a P/E ratio of 27.60 and a beta of 1.06. The firm’s 50 day moving average price is $104.84 and its 200-day moving average price is $111.87. Brink’s Company has a 52-week low of $84.99 and a 52-week high of $136.37.
Brink’s Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, July 27th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, July 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.9%. Brink’s’s dividend payout ratio is presently 23.83%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings cut Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Brink’s has a consensus rating of “Moderate Buy” and an average target price of $154.00.
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.
Featured Articles
- Five stocks we like better than Brink’s
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
Receive News & Ratings for Brink's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's and related companies with MarketBeat.com's FREE daily email newsletter.
