Raymond James Trust N.A. Invests $412,000 in The Brink’s Company (NYSE:BCO)

Raymond James Trust N.A. acquired a new stake in shares of The Brink’s Company (NYSE:BCO) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,563 shares of the business services provider’s stock, valued at approximately $412,000.

Other hedge funds have also made changes to their positions in the company. LRI Investments LLC acquired a new position in shares of Brink’s during the 1st quarter valued at $37,000. Headlands Technologies LLC bought a new position in Brink’s during the second quarter valued at about $37,000. GAMMA Investing LLC grew its holdings in Brink’s by 119.0% during the second 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. MFA Wealth Advisors LLC bought a new stake in Brink’s in the second quarter worth about $47,000. Finally, First Horizon Advisors Inc. lifted its holdings in Brink’s by 200.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 407 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Stock Performance

Brink’s stock opened at $96.81 on Wednesday. The Brink’s Company has a fifty-two week low of $77.84 and a fifty-two week high of $115.91. The firm’s 50 day simple moving average is $105.49 and its 200-day simple moving average is $103.99. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $4.22 billion, a P/E ratio of 36.79 and a beta of 1.44.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.28). The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.92 earnings per share. As a group, equities research analysts predict that The Brink’s Company will post 6.51 EPS for the current year.

Brink’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 1.00%. The ex-dividend date is Monday, November 4th. Brink’s’s dividend payout ratio is currently 36.74%.

Insiders Place Their Bets

In related news, EVP James K. Parks sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $96.51, for a total transaction of $386,040.00. Following the completion of the sale, the executive vice president now directly owns 11,103 shares in the company, valued at approximately $1,071,550.53. This trade represents a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BCO shares. Truist Financial lowered their price objective on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $120.50.

Brink’s Company 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.