Creative Planning Takes Position in The Brink’s Company (NYSE:BCO)

Posted by Defense World Staff on Oct 26th, 2023

Creative Planning acquired a new stake in shares of The Brink’s Company (NYSE:BCO – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,258 shares of the business services provider’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Brink’s by 0.7% in the first quarter. BlackRock Inc. now owns 5,426,953 shares of the business services provider’s stock worth $369,033,000 after purchasing an additional 35,612 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Brink’s by 1.3% in the first quarter. Vanguard Group Inc. now owns 4,694,421 shares of the business services provider’s stock worth $319,221,000 after purchasing an additional 59,006 shares during the last quarter. FMR LLC grew its stake in shares of Brink’s by 8.2% in the first quarter. FMR LLC now owns 4,377,871 shares of the business services provider’s stock worth $292,442,000 after purchasing an additional 331,529 shares during the last quarter. Ariel Investments LLC grew its stake in shares of Brink’s by 1.0% in the first quarter. Ariel Investments LLC now owns 2,071,566 shares of the business services provider’s stock worth $140,866,000 after purchasing an additional 19,661 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Brink’s by 2.6% in the first quarter. State Street Corp now owns 1,543,288 shares of the business services provider’s stock worth $103,092,000 after purchasing an additional 39,199 shares during the last quarter. 94.96% of the stock is owned by institutional investors.

Brink’s Price Performance

BCO stock opened at $67.64 on Thursday. The firm has a 50 day moving average price of $73.18 and a 200-day moving average price of $69.86. The Brink’s Company has a 52-week low of $52.63 and a 52-week high of $77.47. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 28.18 and a beta of 1.33. The company has a debt-to-equity ratio of 4.89, a quick ratio of 1.55 and a current ratio of 1.55.

Brink’s (NYSE:BCO – Get Free Report) last announced its quarterly earnings data on Wednesday, August 9th. The business services provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.15). Brink’s had a return on equity of 50.85% and a net margin of 2.40%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. Brink’s’s revenue was up 7.2% on a year-over-year basis. Equities research analysts forecast that The Brink’s Company will post 6.8 EPS for the current fiscal year.

Brink’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 6th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Friday, November 3rd. Brink’s’s dividend payout ratio (DPR) is presently 36.67%.

Insiders Place Their Bets

In other Brink’s news, Director Arthelbert Louis Parker sold 1,650 shares of Brink’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $74.00, for a total value of $122,100.00. Following the completion of the sale, the director now owns 3,036 shares of the company’s stock, valued at approximately $224,664. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.65% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. The Goldman Sachs Group lifted their price objective on Brink’s from $81.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. StockNews.com cut Brink’s from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 7th.

Check Out Our Latest Analysis on BCO

Brink’s Company Profile

(Free Report)

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 and second line maintenance services; and cash-in-transit services.

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

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