Paralel Advisors LLC purchased a new stake in Brink’s Company (The) (NYSE:BCO – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,283 shares of the business services provider’s stock, valued at approximately $2,106,000. Paralel Advisors LLC owned approximately 0.05% of Brink’s at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Smartleaf Asset Management LLC raised its stake in Brink’s by 150.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 243 shares of the business services provider’s stock worth $29,000 after acquiring an additional 146 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Brink’s in the 3rd quarter valued at $33,000. NFSG Corp bought a new stake in shares of Brink’s in the 1st quarter worth about $32,000. Global Retirement Partners LLC bought a new stake in shares of Brink’s in the 4th quarter worth about $39,000. Finally, Wexford Capital LP acquired a new stake in shares of Brink’s during the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 94.96% of the company’s stock.
Brink’s Trading Down 0.0%
Shares of BCO opened at $108.83 on Monday. The company has a debt-to-equity ratio of 8.80, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 25.19 and a beta of 1.03. The stock has a fifty day moving average price of $111.43 and a two-hundred day moving average price of $109.07. Brink’s Company has a 52-week low of $91.05 and a 52-week high of $136.37.
Brink’s Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, July 27th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, July 27th. Brink’s’s dividend payout ratio (DPR) is presently 23.61%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Brink’s from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Brink’s from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $154.00.
Check Out Our Latest Stock Report on Brink’s
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.
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