Northwestern Mutual Wealth Management Co. grew its stake in Brink’s Company (The) (NYSE:BCO – Free Report) by 385,161.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 446,903 shares of the business services provider’s stock after purchasing an additional 446,787 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 1.08% of Brink’s worth $52,167,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Brink’s in the 3rd quarter valued at approximately $33,000. Global Retirement Partners LLC bought a new stake in shares of Brink’s in the 4th quarter valued at approximately $39,000. Optiver Holding B.V. grew its stake in shares of Brink’s by 42.9% in the 3rd quarter. Optiver Holding B.V. now owns 353 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 106 shares during the period. Wexford Capital LP bought a new stake in shares of Brink’s in the 3rd quarter valued at approximately $42,000. Finally, Hantz Financial Services Inc. grew its stake in shares of Brink’s by 120.3% in the 3rd 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 during the period. 94.96% of the stock is currently owned by institutional investors.
Brink’s Stock Down 2.7%
NYSE BCO opened at $104.15 on Friday. The firm has a market cap of $4.29 billion, a PE ratio of 24.33 and a beta of 1.08. Brink’s Company has a one year low of $80.10 and a one year high of $136.37. The stock’s 50 day simple moving average is $105.70 and its 200 day simple moving average is $115.02. The company has a debt-to-equity ratio of 9.75, a current ratio of 1.53 and a quick ratio of 1.53.
Brink’s Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.02 annualized dividend and a yield of 1.0%. Brink’s’s dividend payout ratio is currently 23.83%.
Analyst Upgrades and Downgrades
BCO has been the topic of a number of research analyst reports. Weiss Ratings lowered Brink’s from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Truist Financial increased their price target on Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Wall Street Zen upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Finally, The Goldman Sachs Group increased their price target on Brink’s from $129.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $154.00.
View Our Latest Analysis 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.
Featured Articles
- Five stocks we like better than Brink’s
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Want to see what other hedge funds are holding BCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brink’s Company (The) (NYSE:BCO – Free Report).
Receive News & Ratings for Brink's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brink's and related companies with MarketBeat.com's FREE daily email newsletter.
