Nicola Wealth Management LTD. Buys 16,000 Shares of The Brink’s Company (NYSE:BCO)

Nicola Wealth Management LTD. grew its holdings in shares of The Brink’s Company (NYSE:BCO) by 62.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 41,600 shares of the business services provider’s stock after acquiring an additional 16,000 shares during the period. Nicola Wealth Management LTD. owned about 0.09% of Brink’s worth $4,811,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Covestor Ltd raised its stake in Brink’s by 154.8% during the first quarter. Covestor Ltd now owns 316 shares of the business services provider’s stock worth $29,000 after buying an additional 192 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Brink’s in the second quarter worth $37,000. LRI Investments LLC acquired a new stake in Brink’s in the first quarter worth $37,000. MFA Wealth Advisors LLC acquired a new stake in Brink’s in the second quarter worth $47,000. Finally, GAMMA Investing LLC grew its holdings in Brink’s by 119.0% in the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider’s stock worth $47,000 after purchasing an additional 250 shares during the period. Institutional investors own 94.96% of the company’s stock.

Brink’s Trading Down 0.5 %

NYSE BCO traded down $0.48 during trading on Thursday, hitting $95.12. The company had a trading volume of 67,284 shares, compared to its average volume of 260,073. 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 Brink’s Company has a one year low of $75.41 and a one year high of $115.91. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 36.20 and a beta of 1.44. The company’s fifty day moving average is $107.64 and its 200-day moving average is $103.72.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 EPS. On average, sell-side analysts predict that The Brink’s Company will post 6.51 earnings per share for the current year.

Brink’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, November 4th. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BCO. Truist Financial reduced their price objective on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $120.50.

Brink’s Company 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.