Securian Asset Management Inc. Has $334,000 Stock Holdings in The Brink’s Company (NYSE:BCO)

Securian Asset Management Inc. trimmed its holdings in shares of The Brink’s Company (NYSE:BCO) by 3.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,802 shares of the business services provider’s stock after selling 130 shares during the quarter. Securian Asset Management Inc.’s holdings in Brink’s were worth $334,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of BCO. Knights of Columbus Asset Advisors LLC raised its position in Brink’s by 318.9% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 115,968 shares of the business services provider’s stock valued at $10,199,000 after buying an additional 88,282 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Brink’s by 0.8% in the third quarter. Vanguard Group Inc. now owns 4,728,043 shares of the business services provider’s stock valued at $343,445,000 after acquiring an additional 35,957 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Brink’s during the fourth quarter worth about $871,000. Sei Investments Co. boosted its position in Brink’s by 7.3% during the third quarter. Sei Investments Co. now owns 238,856 shares of the business services provider’s stock valued at $17,351,000 after purchasing an additional 16,230 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Brink’s by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 631,846 shares of the business services provider’s stock valued at $55,571,000 after purchasing an additional 25,001 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Keith R. Wyche sold 400 shares of Brink’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $82.37, for a total transaction of $32,948.00. Following the completion of the sale, the director now directly owns 665 shares of the company’s stock, valued at approximately $54,776.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is owned by company insiders.

Brink’s Trading Up 0.4 %

Shares of Brink’s stock opened at $99.64 on Friday. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.46 and a quick ratio of 1.46. The business has a fifty day simple moving average of $90.64 and a two-hundred day simple moving average of $84.96. The Brink’s Company has a 1 year low of $63.79 and a 1 year high of $100.50. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 38.18 and a beta of 1.39.

Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, May 8th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.29. Brink’s had a net margin of 2.46% and a return on equity of 59.84%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the company posted $1.16 EPS. Brink’s’s quarterly revenue was up 4.3% compared to the same quarter last year. Research analysts forecast that The Brink’s Company will post 7.56 EPS for the current year.

Brink’s Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be issued a dividend of $0.243 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Friday, May 10th. This is a boost from Brink’s’s previous quarterly dividend of $0.22. Brink’s’s payout ratio is currently 37.16%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BCO. Truist Financial upped their price objective on Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. The Goldman Sachs Group increased their price target on shares of Brink’s from $98.00 to $103.00 and gave the company a “buy” rating in a research note on Friday, March 1st. William Blair began coverage on shares of Brink’s in a research note on Tuesday. They set an “outperform” rating on the stock. Finally, TheStreet downgraded shares of Brink’s from a “b” rating to a “c+” rating in a research note on Wednesday, March 13th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Brink’s has an average rating of “Buy” and a consensus target price of $106.50.

About Brink’s

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 vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.