Southernsun Asset Management LLC Sells 96,070 Shares of The Brink’s Company (NYSE:BCO)

Southernsun Asset Management LLC lowered its stake in The Brink’s Company (NYSE:BCO) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 460,617 shares of the business services provider’s stock after selling 96,070 shares during the quarter. Brink’s comprises about 4.7% of Southernsun Asset Management LLC’s portfolio, making the stock its 9th biggest holding. Southernsun Asset Management LLC owned 1.02% of Brink’s worth $40,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC lifted its holdings in Brink’s by 318.9% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 115,968 shares of the business services provider’s stock valued at $10,199,000 after acquiring an additional 88,282 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Brink’s by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,728,043 shares of the business services provider’s stock worth $343,445,000 after buying an additional 35,957 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Brink’s in the fourth quarter worth approximately $871,000. Sei Investments Co. increased its holdings in shares of Brink’s by 7.3% in the third quarter. Sei Investments Co. now owns 238,856 shares of the business services provider’s stock valued at $17,351,000 after buying an additional 16,230 shares in the last quarter. Finally, Premier Fund Managers Ltd lifted its position in shares of Brink’s by 19.8% during the 4th quarter. Premier Fund Managers Ltd now owns 60,000 shares of the business services provider’s stock valued at $5,325,000 after acquiring an additional 9,936 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.

Brink’s Stock Down 0.3 %

BCO traded down $0.35 on Tuesday, reaching $101.55. 98,230 shares of the company traded hands, compared to its average volume of 219,649. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 39.04 and a beta of 1.45. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.46 and a quick ratio of 1.46. The stock’s 50 day moving average price is $93.92 and its 200-day moving average price is $87.34. The Brink’s Company has a 52-week low of $63.79 and a 52-week high of $104.01.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, May 8th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.29. Brink’s had a return on equity of 59.84% and a net margin of 2.46%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company earned $1.16 EPS. The firm’s revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts expect that The Brink’s Company will post 7.56 EPS for the current fiscal year.

Brink’s Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were issued a $0.243 dividend. This represents a $0.97 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, May 10th. This is an increase from Brink’s’s previous quarterly dividend of $0.22. Brink’s’s dividend payout ratio (DPR) is 37.16%.

Analysts Set New Price Targets

BCO has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. William Blair started coverage on shares of Brink’s in a report on Tuesday, May 21st. They issued an “outperform” rating for the company. TheStreet downgraded shares of Brink’s from a “b” rating to a “c+” rating in a research report on Wednesday, March 13th. Finally, Truist Financial raised their target price on Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $106.50.

About Brink’s

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.