Golden State Wealth Management LLC Makes New $55,000 Investment in The Brink’s Company (NYSE:BCO)

Golden State Wealth Management LLC purchased a new position in The Brink’s Company (NYSE:BCO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 596 shares of the business services provider’s stock, valued at approximately $55,000.

A number of other large investors have also modified their holdings of the stock. Mather Group LLC. boosted its holdings in Brink’s by 146.2% in the fourth 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 period. First Horizon Advisors Inc. raised its position in Brink’s by 200.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 407 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Brink’s by 137.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,091 shares of the business services provider’s stock valued at $126,000 after buying an additional 631 shares during the period. KBC Group NV grew its position 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 worth $160,000 after buying an additional 656 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Brink’s by 7.1% during the third quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock worth $183,000 after buying an additional 105 shares during the period. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Stock Up 1.3 %

Shares of NYSE BCO opened at $92.57 on Tuesday. The Brink’s Company has a 1 year low of $79.19 and a 1 year high of $115.91. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 35.06 and a beta of 1.39. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The business has a 50-day moving average of $92.81 and a two-hundred day moving average of $100.57.

Brink’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd will be paid a $0.2425 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.97 annualized dividend and a yield of 1.05%. Brink’s’s dividend payout ratio is currently 36.74%.

Insiders Place Their Bets

In related news, EVP James K. Parks sold 4,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $96.51, for a total value of $386,040.00. Following the transaction, the executive vice president now directly owns 11,103 shares of the company’s stock, valued at $1,071,550.53. This trade represents a 26.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.