Brink’s Company (The) $BCO Shares Sold by Lodge Hill Capital LLC

Lodge Hill Capital LLC decreased its position in Brink’s Company (The) (NYSE:BCO) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 220,000 shares of the business services provider’s stock after selling 5,000 shares during the quarter. Brink’s accounts for about 4.6% of Lodge Hill Capital LLC’s holdings, making the stock its 11th biggest holding. Lodge Hill Capital LLC’s holdings in Brink’s were worth $25,709,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of Brink’s by 8.2% in the 2nd quarter. American Century Companies Inc. now owns 1,650,856 shares of the business services provider’s stock valued at $147,405,000 after purchasing an additional 125,757 shares during the last quarter. LSV Asset Management lifted its position in shares of Brink’s by 16.3% during the 3rd quarter. LSV Asset Management now owns 1,256,385 shares of the business services provider’s stock worth $146,821,000 after purchasing an additional 175,773 shares during the last quarter. Boston Partners grew its stake in shares of Brink’s by 80.3% during the second quarter. Boston Partners now owns 548,366 shares of the business services provider’s stock worth $48,916,000 after purchasing an additional 244,242 shares in the last quarter. Norges Bank purchased a new position in Brink’s in the second quarter valued at $45,512,000. Finally, Simcoe Capital Management LLC acquired a new stake in Brink’s in the second quarter valued at $43,465,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Insider Buying and Selling at Brink’s

In related 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 value of $169,451.00. Following the transaction, the insider owned 5,755 shares in the company, valued at $687,722.50. The trade was a 19.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.

Brink’s Stock Performance

Shares of Brink’s stock opened at $129.00 on Friday. The firm’s fifty day simple moving average is $122.60 and its 200-day simple moving average is $114.96. Brink’s Company has a 12 month low of $80.10 and a 12 month high of $133.62. The stock has a market capitalization of $5.36 billion, a price-to-earnings ratio of 32.99 and a beta of 1.09. The company has a debt-to-equity ratio of 9.14, a current ratio of 1.46 and a quick ratio of 1.46.

Brink’s declared that its board has initiated a share buyback plan on Thursday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 15.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Brink’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, February 2nd. Brink’s’s dividend payout ratio is presently 26.09%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Truist Financial upped their price objective on Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday. Weiss Ratings raised Brink’s from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.00.

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.