Shares of The Brink’s Company (NYSE:BCO) acquired by Sei Investments Co.

VaselineSeptember 25, 2024

0 3 minutes read

Sei Investments Co. raised its position in shares of The Brink’s Company (NYSE:BCO – Free Report) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 235,459 shares of the business services provider’s stock after purchasing an additional 21,194 shares during the quarter. Sei Investments Co. holdings. holdings in Brink’s were worth $24,111,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. purchased a new stake in Brink’s during the first quarter valued at approximately $1,945,000. Capstone Investment Advisors LLC acquired a new position in Brink’s in the first quarter valued at $745,000. Fourth Sail Capital LP purchased a new stake in Brink’s in the first quarter valued at $11,501,000. Tidal Investments LLC grew its position in Brink’s by 228.6% in the first quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider’s stock worth $1,580,000 after buying an additional 11,899 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Brink’s by 219.9% during the second quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock valued at $906,000 after buying an additional 6,081 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s shares.

Brink’s Price Performance

NYSE:BCO opened at $111.89 on Wednesday. The stock has a market cap of $4.97 billion, a PE ratio of 42.87 and a beta of 1.43. The Brink’s Company has a 52-week low of $64.15 and a 52-week high of $114.49. 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 stock’s 50-day moving average price is $106.00 and its 200-day moving average price is $98.97.

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Brink’s (NYSE:BCO – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.20. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. In the same period last year, the company earned $1.18 per share. The company’s revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts expect that The Brink’s Company will post 7.51 EPS for the current fiscal year.

Brink’s Dividend Announcement

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

Analysts set new price targets

Several research firms have recently commented on BCO. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Truist Financial upped their price objective on Brink’s from $110.00 to $144.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $123.50.

View BCO’s latest stock report

About Brink’s

(Free Report)

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 vehicles transporting valuables; Automated teller machine (ATM) management services such as cash replenishment, cash forecasting, cash optimization, remote ATM monitoring, service call dispatch, transaction processing, installation and front-line maintenance services; and cash-in-transit services.