AXQ Capital LP bought a new stake in shares of Brink’s Company (The) (NYSE:BCO – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm bought 4,979 shares of the business services provider’s stock, valued at approximately $581,000.
Other hedge funds also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in Brink’s during the 3rd quarter worth about $33,000. Global Retirement Partners LLC purchased a new stake in shares of Brink’s in the fourth quarter worth approximately $39,000. Optiver Holding B.V. boosted its holdings in shares of Brink’s by 42.9% during the third quarter. Optiver Holding B.V. now owns 353 shares of the business services provider’s stock worth $41,000 after purchasing an additional 106 shares during the period. Wexford Capital LP acquired a new stake in shares of Brink’s during the third quarter worth approximately $42,000. Finally, Hantz Financial Services Inc. grew its position 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 purchasing an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.
Brink’s Stock Down 1.9%
Shares of Brink’s stock opened at $101.02 on Thursday. Brink’s Company has a 12-month low of $83.02 and a 12-month high of $136.37. The stock has a market capitalization of $4.16 billion, a P/E ratio of 23.60 and a beta of 1.05. 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 stock has a 50 day moving average price of $105.86 and a two-hundred day moving average price of $114.79.
Brink’s Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Monday, May 18th. Brink’s’s dividend payout ratio is 23.83%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on BCO. Truist Financial increased their target price on shares of Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Weiss Ratings cut shares of Brink’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. The Goldman Sachs Group upped their price target on shares of Brink’s from $129.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen raised Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $154.00.
View Our Latest 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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