Teza Capital Management LLC Buys Shares of 6,736 The Brink’s Company (NYSE:BCO)

Posted by on Mar 13th, 2023

Teza Capital Management LLC bought a new stake in shares of The Brink’s Company (NYSE:BCO – Get Rating) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 6,736 shares of the business services provider’s stock, valued at approximately $326,000.

A number of other large investors have also recently bought and sold shares of BCO. Bessemer Group Inc. acquired a new stake in Brink’s during the 3rd quarter valued at $30,000. Ronald Blue Trust Inc. acquired a new stake in Brink’s during the 2nd quarter valued at $35,000. Captrust Financial Advisors grew its holdings in Brink’s by 47.1% during the 1st quarter. Captrust Financial Advisors now owns 1,174 shares of the business services provider’s stock valued at $80,000 after buying an additional 376 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in Brink’s during the 2nd quarter valued at $200,000. Finally, Inspire Investing LLC grew its holdings in Brink’s by 20.6% during the 3rd quarter. Inspire Investing LLC now owns 4,256 shares of the business services provider’s stock valued at $206,000 after buying an additional 726 shares during the last quarter. Institutional investors and hedge funds own 97.41% of the company’s stock.

Brink’s Trading Down 3.6 %

Shares of Brink’s stock opened at $64.19 on Monday. The Brink’s Company has a fifty-two week low of $48.38 and a fifty-two week high of $70.05. The firm has a market cap of $2.99 billion, a PE ratio of 17.68 and a beta of 1.35. The business’s fifty day moving average is $63.24 and its two-hundred day moving average is $58.94. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 5.74.

Brink’s (NYSE:BCO – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The business services provider reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.22. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Brink’s had a return on equity of 69.23% and a net margin of 3.81%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 EPS. Analysts anticipate that The Brink’s Company will post 6.64 earnings per share for the current year.

Brink’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Monday, February 6th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Friday, February 3rd. Brink’s’s dividend payout ratio (DPR) is currently 22.04%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BCO shares. TheStreet raised Brink’s from a “c+” rating to a “b” rating in a research note on Wednesday, February 22nd. StockNews.com lowered Brink’s from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 23rd.

Insider Buying and Selling

In related news, Director Michael J. Herling sold 3,089 shares of the stock in a transaction on Monday, March 6th. The stock was sold at an average price of $66.60, for a total value of $205,727.40. Following the transaction, the director now directly owns 11,776 shares of the company’s stock, valued at approximately $784,281.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.72% of the company’s stock.

Brink’s Profile

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The Brink’s Co provides secure logistics and cash management services. It operates through the following segments: North America, Latin America, Europe and Rest of World. Its logistics and security solutions include cash-in-transit, ATM replenishment & maintenance, and cash management & payment services, such as vault outsourcing, money processing, intelligent safe services, and international transportation of valuables.

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Institutional Ownership by Quarter for Brink's (NYSE:BCO)

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