EP Wealth Advisors LLC Purchases New Position in The Brink’s Company (NYSE:BCO)

EP Wealth Advisors LLC purchased a new stake in The Brink’s Company (NYSE:BCO) during the third quarter, HoldingsChannel.com reports. The firm purchased 1,739 shares of the business services provider’s stock, valued at approximately $201,000.

Several other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of Brink’s in the 2nd quarter worth approximately $37,000. MFA Wealth Advisors LLC bought a new position in Brink’s in the 2nd quarter valued at $47,000. First Horizon Advisors Inc. boosted its stake in Brink’s by 200.5% in the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock worth $71,000 after purchasing an additional 407 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Brink’s during the second quarter worth $85,000. Finally, Quarry LP increased its stake in shares of Brink’s by 21.4% in the second quarter. Quarry LP now owns 852 shares of the business services provider’s stock valued at $87,000 after buying an additional 150 shares in the last quarter. 94.96% of the stock is owned by institutional investors.

Brink’s Stock Down 0.3 %

NYSE:BCO opened at $94.62 on Friday. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 35.84 and a beta of 1.40. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The stock’s fifty day moving average price is $100.79 and its two-hundred day moving average price is $103.63. The Brink’s Company has a 52-week low of $79.03 and a 52-week high of $115.91.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.28). The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.27 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $1.92 EPS. On average, analysts anticipate that The Brink’s Company will post 6.51 EPS for the current year.

Brink’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Monday, November 4th. Brink’s’s dividend payout ratio is 36.74%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reduced their price target on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $120.50.

Insider Buying and Selling

In other Brink’s news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $96.51, for a total transaction of $386,040.00. Following the completion of the sale, the executive vice president now owns 11,103 shares of the company’s stock, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by insiders.

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.