Thrivent Financial for Lutherans Trims Stock Position in The Brink’s Company (NYSE:BCO)

Thrivent Financial for Lutherans lowered its holdings in shares of The Brink’s Company (NYSE:BCO) by 4.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,743 shares of the business services provider’s stock after selling 547 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Brink’s were worth $1,100,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Covestor Ltd increased its position in shares of Brink’s by 154.8% during the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. LRI Investments LLC purchased a new stake in Brink’s in the 1st quarter worth approximately $37,000. Headlands Technologies LLC purchased a new stake in Brink’s in the 2nd quarter worth approximately $37,000. GAMMA Investing LLC raised its stake in Brink’s by 119.0% during the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock worth $47,000 after acquiring an additional 250 shares during the period. Finally, MFA Wealth Advisors LLC bought a new stake in Brink’s during the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Stock Up 1.4 %

Shares of BCO stock opened at $111.49 on Friday. The stock has a market cap of $4.96 billion, a P/E ratio of 42.72 and a beta of 1.43. The Brink’s Company has a 52 week low of $64.15 and a 52 week high of $115.91. 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 company’s fifty day simple moving average is $106.92 and its two-hundred day simple moving average is $100.43.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.20. Brink’s had a net margin of 2.73% and a return on equity of 69.80%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the company earned $1.18 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. Analysts predict that The Brink’s Company will post 7.47 EPS for the current fiscal year.

Brink’s Announces Dividend

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

Wall Street Analyst Weigh In

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

Brink’s Profile

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.