Profit Investment Management LLC Reduces Holdings in Brink’s Company (The) $BCO

Profit Investment Management LLC decreased its position in shares of Brink’s Company (The) (NYSE:BCO) by 75.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,838 shares of the business services provider’s stock after selling 12,085 shares during the quarter. Brink’s makes up 1.8% of Profit Investment Management LLC’s investment portfolio, making the stock its 24th largest position. Profit Investment Management LLC’s holdings in Brink’s were worth $448,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in Brink’s by 8.2% during the second quarter. American Century Companies Inc. now owns 1,650,856 shares of the business services provider’s stock valued at $147,405,000 after purchasing an additional 125,757 shares during the last quarter. LSV Asset Management increased its stake in shares of Brink’s by 16.3% in the third quarter. LSV Asset Management now owns 1,256,385 shares of the business services provider’s stock worth $146,821,000 after purchasing an additional 175,773 shares in the last quarter. Boston Partners increased its stake in shares of Brink’s by 10.9% in the third quarter. Boston Partners now owns 607,908 shares of the business services provider’s stock worth $70,922,000 after purchasing an additional 59,542 shares in the last quarter. First Trust Advisors LP raised its position in shares of Brink’s by 48.2% in the third quarter. First Trust Advisors LP now owns 600,665 shares of the business services provider’s stock valued at $70,194,000 after purchasing an additional 195,466 shares during the period. Finally, Norges Bank bought a new stake in shares of Brink’s in the second quarter valued at approximately $45,512,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 15th. Truist Financial boosted their target price on shares of Brink’s from $138.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group increased their target price on Brink’s from $129.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $154.00.

Brink’s Trading Down 2.9%

Shares of Brink’s stock opened at $97.59 on Friday. The company’s 50-day moving average price is $122.70 and its 200-day moving average price is $117.73. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.35. Brink’s Company has a 12-month low of $80.10 and a 12-month high of $136.37. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 20.81 and a beta of 1.09.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Thursday, February 26th. The business services provider reported $2.54 EPS for the quarter, beating the consensus estimate of $2.47 by $0.07. Brink’s had a net margin of 3.80% and a return on equity of 89.90%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the company earned $2.12 earnings per share. Brink’s’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts expect that Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, February 2nd. Brink’s’s payout ratio is 21.75%.

Brink’s announced that its board has initiated a stock buyback plan on Thursday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the business services provider to buy up to 15.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Brink’s Company Profile

The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.

Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.