Schechter Investment Advisors LLC Buys 329 Shares of The Brink’s Company (NYSE:BCO)

Schechter Investment Advisors LLC raised its stake in The Brink’s Company (NYSE:BCO) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,215 shares of the business services provider’s stock after acquiring an additional 329 shares during the period. Schechter Investment Advisors LLC’s holdings in Brink’s were worth $1,875,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BCO. Mather Group LLC. raised its position in Brink’s by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 174 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Brink’s in the fourth quarter valued at about $36,000. Golden State Wealth Management LLC acquired a new position in Brink’s during the 4th quarter worth about $55,000. First Horizon Advisors Inc. grew its holdings in Brink’s by 200.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock worth $71,000 after acquiring an additional 407 shares during the last quarter. Finally, KBC Group NV grew its holdings in Brink’s by 61.6% during the 4th quarter. KBC Group NV now owns 1,721 shares of the business services provider’s stock worth $160,000 after acquiring an additional 656 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday. Truist Financial decreased their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, November 7th.

Brink’s Price Performance

Brink’s stock opened at $88.45 on Tuesday. The Brink’s Company has a 1 year low of $82.02 and a 1 year high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a market capitalization of $3.82 billion, a P/E ratio of 33.50 and a beta of 1.39. The business has a 50-day moving average of $92.69 and a 200-day moving average of $99.75.

Brink’s (NYSE:BCO) last posted its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.26. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. On average, equities analysts anticipate that The Brink’s Company will post 6.49 EPS for the current year.

Brink’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were issued a dividend of $0.2425 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.10%. Brink’s’s payout ratio is 26.87%.

Brink’s Company Profile

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.