Sound Income Strategies LLC Decreases Stake in The Brink’s Company (NYSE:BCO)

Sound Income Strategies LLC reduced its position in shares of The Brink’s Company (NYSE:BCO) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,578 shares of the business services provider’s stock after selling 455 shares during the period. Sound Income Strategies LLC owned 0.14% of Brink’s worth $7,121,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CHICAGO TRUST Co NA increased its position in Brink’s by 43.8% during the third quarter. CHICAGO TRUST Co NA now owns 2,955 shares of the business services provider’s stock worth $342,000 after purchasing an additional 900 shares during the last quarter. Inspire Investing LLC increased its position in shares of Brink’s by 4.6% during the third quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock valued at $412,000 after acquiring an additional 156 shares during the last quarter. Profit Investment Management LLC acquired a new stake in shares of Brink’s during the third quarter valued at about $2,503,000. GAMMA Investing LLC increased its position in shares of Brink’s by 137.2% during the third quarter. GAMMA Investing LLC now owns 1,091 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 631 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Brink’s during the second quarter valued at about $3,103,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BCO shares. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Truist Financial lifted their price objective on shares of Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a report on Friday, September 20th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $123.50.

Brink’s Stock Up 2.4 %

Brink’s stock traded up $2.65 during trading on Friday, reaching $111.42. The stock had a trading volume of 194,235 shares, compared to its average volume of 255,884. The Brink’s Company has a 52-week low of $64.97 and a 52-week high of $115.91. The business has a 50 day moving average price of $107.18 and a 200 day moving average price of $101.22. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 7.78. The stock has a market cap of $4.95 billion, a PE ratio of 42.69 and a beta of 1.43.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.20. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.18 EPS. On average, analysts predict that The Brink’s Company will post 7.4 EPS for the current year.

Brink’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.2425 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 0.87%. Brink’s’s dividend payout ratio is presently 37.16%.

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.