Kingsview Wealth Management LLC Invests $1.65 Million in The Brink’s Company (NYSE:BCO)

Kingsview Wealth Management LLC acquired a new stake in shares of The Brink’s Company (NYSE:BCO) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 17,774 shares of the business services provider’s stock, valued at approximately $1,649,000.

A number of other large investors have also added to or reduced their stakes in BCO. Golden State Wealth Management LLC purchased a new position in shares of Brink’s in the 4th quarter worth about $55,000. Choreo LLC purchased a new position in Brink’s in the fourth quarter worth about $463,000. Mather Group LLC. lifted its stake in shares of Brink’s by 146.2% in the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock worth $27,000 after buying an additional 174 shares in the last quarter. KBC Group NV grew its holdings in shares of Brink’s by 61.6% during the fourth quarter. KBC Group NV now owns 1,721 shares of the business services provider’s stock valued at $160,000 after buying an additional 656 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of Brink’s by 13.6% during the fourth quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider’s stock valued at $6,487,000 after acquiring an additional 8,352 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial cut their target price on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Brink’s presently has a consensus rating of “Buy” and an average price target of $120.50.

Brink’s Stock Performance

Shares of NYSE BCO opened at $92.57 on Tuesday. The firm’s 50-day moving average price is $92.81 and its 200-day moving average price is $100.57. The Brink’s Company has a 52-week low of $79.19 and a 52-week high of $115.91. The company has a market cap of $4.04 billion, a PE ratio of 35.06 and a beta of 1.39. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76.

Brink’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be given a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Monday, February 3rd. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Insider Buying and Selling at Brink’s

In related news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the sale, the executive vice president now owns 11,103 shares of the company’s stock, valued at $1,071,550.53. The trade was a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.49% of the company’s stock.

About Brink’s

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.