Channing Capital Management LLC Sells 108,805 Shares of The Brink’s Company (NYSE:BCO)

Channing Capital Management LLC decreased its holdings in shares of The Brink’s Company (NYSE:BCO) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 934,666 shares of the business services provider’s stock after selling 108,805 shares during the period. Brink’s makes up about 2.4% of Channing Capital Management LLC’s holdings, making the stock its 4th biggest position. Channing Capital Management LLC owned approximately 2.07% of Brink’s worth $82,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in Brink’s by 60.3% in the 4th quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock valued at $33,000 after buying an additional 141 shares in the last quarter. Covestor Ltd lifted its stake in Brink’s by 225.7% in the 3rd quarter. Covestor Ltd now owns 495 shares of the business services provider’s stock valued at $36,000 after buying an additional 343 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new stake in Brink’s in the 3rd quarter valued at approximately $37,000. HM Payson & Co. purchased a new stake in Brink’s in the 3rd quarter valued at approximately $53,000. Finally, Parkside Financial Bank & Trust lifted its stake in Brink’s by 14.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,513 shares of the business services provider’s stock valued at $110,000 after buying an additional 188 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Price Performance

Shares of NYSE BCO traded up $1.70 during mid-day trading on Friday, reaching $90.58. The company had a trading volume of 156,906 shares, compared to its average volume of 193,878. The Brink’s Company has a 1-year low of $59.46 and a 1-year high of $93.25. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 6.27. The stock has a market cap of $4.05 billion, a PE ratio of 49.77 and a beta of 1.39. The company has a 50-day moving average price of $86.85 and a two-hundred day moving average price of $82.36.

Brink’s (NYSE:BCO) last issued its quarterly earnings data on Thursday, February 29th. The business services provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.49 by $0.27. Brink’s had a net margin of 1.77% and a return on equity of 55.36%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the company posted $2.10 earnings per share. Brink’s’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that The Brink’s Company will post 7.51 earnings per share for the current year.

Brink’s Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be given a $0.243 dividend. This represents a $0.97 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Brink’s’s previous quarterly dividend of $0.22. Brink’s’s dividend payout ratio is 48.35%.

Analyst Upgrades and Downgrades

BCO has been the topic of a number of recent research reports. Truist Financial upped their target price on Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. The Goldman Sachs Group upped their price objective on Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, TheStreet lowered Brink’s from a “b” rating to a “c+” rating in a research note on Wednesday, March 13th.

Insider Buying and Selling

In related news, Director Keith R. Wyche sold 400 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $82.37, for a total value of $32,948.00. Following the completion of the transaction, the director now owns 665 shares of the company’s stock, valued at $54,776.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.49% of the company’s stock.

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.