Forum Financial Management LP Invests $496,000 in The Brink’s Company (NYSE:BCO)

Forum Financial Management LP acquired a new stake in The Brink’s Company (NYSE:BCO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,291 shares of the business services provider’s stock, valued at approximately $496,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. purchased a new position in shares of Brink’s in the first quarter valued at $1,945,000. Tidal Investments LLC lifted its holdings in shares of Brink’s by 228.6% in the first quarter. Tidal Investments LLC now owns 17,105 shares of the business services provider’s stock valued at $1,580,000 after purchasing an additional 11,899 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Brink’s by 219.9% in the second quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock valued at $906,000 after purchasing an additional 6,081 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Brink’s by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,662,790 shares of the business services provider’s stock valued at $430,749,000 after purchasing an additional 63,853 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Brink’s by 36.8% during the 2nd quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock worth $23,962,000 after purchasing an additional 63,000 shares in the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BCO has been the topic of a number of recent research reports. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Truist Financial upped their price objective on Brink’s from $110.00 to $144.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $123.50.

Brink’s Stock Performance

Shares of BCO opened at $103.88 on Tuesday. The Brink’s Company has a 1 year low of $69.92 and a 1 year high of $115.91. The company’s 50 day simple moving average is $109.01 and its 200 day simple moving average is $103.14. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 35.09 and a beta of 1.44. The company has a debt-to-equity ratio of 7.78, a quick ratio of 1.57 and a current ratio of 1.57.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.20. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Brink’s had a return on equity of 69.80% and a net margin of 2.73%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 earnings per share. On average, sell-side analysts predict that The Brink’s Company will post 7.4 EPS for the current year.

Brink’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a dividend of $0.2425 per share. The ex-dividend date is Monday, November 4th. This represents a $0.97 annualized dividend and a dividend yield of 0.93%. Brink’s’s payout ratio is currently 32.77%.

Brink’s Profile

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.