Arjuna Capital Acquires 15,739 Shares of The Brink's Company (NYSE:BCO)

Arjuna Capital grew its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 92.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,711 shares of the business services provider's stock after purchasing an additional 15,739 shares during the quarter. Arjuna Capital owned approximately 0.07% of Brink's worth $3,350,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Covestor Ltd increased its position in shares of Brink's by 154.8% during the 1st quarter. Covestor Ltd now owns 316 shares of the business services provider's stock valued at $29,000 after purchasing an additional 192 shares during the last quarter. LRI Investments LLC bought a new position in shares of Brink's during the 1st quarter valued at about $37,000. MFA Wealth Advisors LLC bought a new position in shares of Brink's during the 2nd quarter valued at about $47,000. GAMMA Investing LLC boosted its holdings in Brink's by 119.0% during the 2nd quarter. GAMMA Investing LLC now owns 460 shares of the business services provider's stock valued at $47,000 after acquiring an additional 250 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Brink's during the 1st quarter valued at about $49,000. 94.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BCO shares. William Blair started coverage on Brink's in a report on Tuesday, May 21st. They set an "outperform" rating for the company. StockNews.com upgraded Brink's from a "buy" rating to a "strong-buy" rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $106.50.

Get Our Latest Stock Report on BCO

Brink's Stock Up 1.3 %

Shares of NYSE:BCO traded up $1.47 during trading on Friday, hitting $110.95. The stock had a trading volume of 242,213 shares, compared to its average volume of 253,082. The Brink's Company has a 12 month low of $64.15 and a 12 month high of $113.63. The company has a market capitalization of $4.93 billion, a PE ratio of 42.51 and a beta of 1.46. The firm's fifty day moving average is $103.90 and its 200 day moving average is $95.52. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 7.78.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.20. Brink's had a return on equity of 69.80% and a net margin of 2.73%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the company earned $1.18 EPS. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. Analysts anticipate that The Brink's Company will post 7.51 EPS for the current fiscal year.

Brink's Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, July 29th will be issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, July 29th. Brink's's payout ratio is 37.16%.

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.

Further Reading

• Five stocks we like better than Brink's
• How to Evaluate a Stock Before Buying
• The Solar Stock Battle: Is Daqo or JinkoSolar Your Next Big Win?
• Compound Interest and Why It Matters When Investing
• Are These Chinese Stocks a Buy? Michael Burry’s Top Picks Say Yes
• Where to Find Earnings Call Transcripts
• Five Below Stock Faces Challenges Despite Strong Revenue Growth

Want to see what other hedge funds are holding BCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Brink's Company (NYSE:BCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

→ First Disruption to $martphones in 15 Years 🤳 (From Mode Mobile) (Ad)

Should you invest $1,000 in Brink's right now?

Before you consider Brink's, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brink's wasn't on the list.

While Brink's currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here