Vanguard Group Inc. Has $471.48 Million Position in Brink’s Company (The) $BCO

Vanguard Group Inc. decreased its holdings in shares of Brink’s Company (The) (NYSE:BCO) by 2.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,034,553 shares of the business services provider’s stock after selling 83,728 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of Brink’s worth $471,478,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Mather Group LLC. acquired a new position in Brink’s in the third quarter valued at about $34,000. Caldwell Trust Co bought a new position in Brink’s during the 2nd quarter worth approximately $27,000. Hantz Financial Services Inc. increased its stake in Brink’s by 120.3% in the third quarter. Hantz Financial Services Inc. now owns 401 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 219 shares in the last quarter. Covestor Ltd raised its holdings in Brink’s by 55.6% in the third quarter. Covestor Ltd now owns 434 shares of the business services provider’s stock worth $51,000 after purchasing an additional 155 shares during the period. Finally, CWM LLC boosted its position in shares of Brink’s by 53.8% during the second quarter. CWM LLC now owns 512 shares of the business services provider’s stock worth $46,000 after purchasing an additional 179 shares in the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink’s Stock Up 0.3%

Shares of BCO stock opened at $129.61 on Thursday. Brink’s Company has a 12-month low of $80.10 and a 12-month high of $133.62. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 9.14. The firm has a fifty day moving average of $124.71 and a 200-day moving average of $117.44. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 33.15 and a beta of 1.09.

Brink’s declared that its Board of Directors has authorized a stock repurchase program on Thursday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the business services provider to purchase up to 15.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Brink’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, February 2nd. Brink’s’s payout ratio is 26.09%.

Insider Buying and Selling at Brink’s

In related news, insider Michael E. Sweeney sold 1,418 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $119.50, for a total transaction of $169,451.00. Following the completion of the transaction, the insider directly owned 5,755 shares in the company, valued at approximately $687,722.50. This trade represents a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Truist Financial raised their price objective on Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.00.

Brink’s 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.