Hsbc Holdings PLC increased its holdings in Brink’s Company (The) (NYSE:BCO – Free Report) by 477.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,274 shares of the business services provider’s stock after purchasing an additional 11,801 shares during the period. Hsbc Holdings PLC’s holdings in Brink’s were worth $1,671,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Brink’s by 34.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,737 shares of the business services provider’s stock worth $24,159,000 after acquiring an additional 52,444 shares in the last quarter. Barclays PLC raised its stake in shares of Brink’s by 78.2% in the 3rd quarter. Barclays PLC now owns 370,700 shares of the business services provider’s stock valued at $43,320,000 after acquiring an additional 162,677 shares in the last quarter. Algert Global LLC raised its stake in shares of Brink’s by 382.8% in the 3rd quarter. Algert Global LLC now owns 172,880 shares of the business services provider’s stock valued at $20,203,000 after acquiring an additional 137,069 shares in the last quarter. Quantbot Technologies LP lifted its holdings in Brink’s by 715.7% in the 3rd quarter. Quantbot Technologies LP now owns 16,305 shares of the business services provider’s stock worth $1,905,000 after purchasing an additional 14,306 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Brink’s by 48.2% in the 3rd quarter. First Trust Advisors LP now owns 600,665 shares of the business services provider’s stock worth $70,194,000 after purchasing an additional 195,466 shares during the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.
Brink’s Price Performance
Shares of NYSE:BCO opened at $94.68 on Wednesday. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 22.12 and a beta of 1.05. The business has a 50 day moving average price of $103.46 and a 200 day moving average price of $112.90. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 9.75. Brink’s Company has a twelve month low of $84.99 and a twelve month high of $136.37.
Brink’s Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.02 dividend on an annualized basis and a yield of 1.1%. Brink’s’s payout ratio is 23.83%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on BCO. Wall Street Zen raised Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Weiss Ratings lowered shares of Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $154.00.
Read Our Latest Stock Analysis on Brink’s
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.
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