Fiera Capital Corp Makes New Investment in The Brink’s Company (NYSE:BCO)

Fiera Capital Corp purchased a new position in shares of The Brink’s Company (NYSE:BCO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 237,457 shares of the business services provider’s stock, valued at approximately $27,460,000. Fiera Capital Corp owned approximately 0.54% of Brink’s as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of BCO. LSV Asset Management increased its holdings in Brink’s by 15,919.2% in the 2nd quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock worth $82,018,000 after purchasing an additional 795,961 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Brink’s by 375.2% in the first quarter. Lazard Asset Management LLC now owns 99,677 shares of the business services provider’s stock valued at $9,207,000 after buying an additional 78,700 shares during the period. Swedbank AB bought a new position in Brink’s in the 2nd quarter valued at approximately $7,700,000. Vanguard Group Inc. boosted its position in Brink’s by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock worth $430,749,000 after buying an additional 63,853 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Brink’s by 36.8% during the 2nd quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock worth $23,962,000 after acquiring an additional 63,000 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BCO has been the subject of several analyst reports. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Truist Financial cut their target price on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $120.50.

Brink’s Trading Down 0.9 %

NYSE:BCO opened at $99.64 on Friday. The Brink’s Company has a 52 week low of $72.68 and a 52 week high of $115.91. The firm’s fifty day moving average is $108.28 and its 200-day moving average is $103.43. The firm has a market cap of $4.40 billion, a P/E ratio of 37.74 and a beta of 1.44. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.27 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The business’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 earnings per share. Equities analysts expect that The Brink’s Company will post 6.65 earnings per share for the current year.

Brink’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 0.97%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

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.