2,625 Shares in The Brink’s Company (NYSE:BCO) Purchased by Investment House LLC

Investment House LLC acquired a new position in shares of The Brink’s Company (NYSE:BCO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,625 shares of the business services provider’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. grew its position in Brink’s by 4,893.0% in the 3rd quarter. Victory Capital Management Inc. now owns 606,845 shares of the business services provider’s stock worth $44,081,000 after purchasing an additional 594,691 shares in the last quarter. FMR LLC grew its holdings in shares of Brink’s by 3.8% in the third quarter. FMR LLC now owns 4,609,188 shares of the business services provider’s stock valued at $334,811,000 after acquiring an additional 167,505 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in Brink’s by 318.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 115,968 shares of the business services provider’s stock worth $10,199,000 after acquiring an additional 88,282 shares during the period. Premier Fund Managers Ltd purchased a new position in Brink’s in the third quarter worth $3,676,000. Finally, Vanguard Group Inc. grew its stake in Brink’s by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,728,043 shares of the business services provider’s stock valued at $343,445,000 after purchasing an additional 35,957 shares during the period. 94.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Brink’s news, Director Keith R. Wyche sold 400 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was 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 in the company, valued at approximately $54,776.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by company insiders.

Brink’s Trading Down 0.7 %

Shares of Brink’s stock opened at $89.48 on Tuesday. The company has a debt-to-equity ratio of 6.27, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $4.00 billion, a P/E ratio of 49.45 and a beta of 1.40. The Brink’s Company has a 52-week low of $59.46 and a 52-week high of $93.25. The stock’s 50-day simple moving average is $86.27 and its 200 day simple moving average is $81.87.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Thursday, February 29th. The business services provider reported $2.76 EPS for the quarter, beating 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 company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the company posted $2.10 EPS. Brink’s’s revenue was up 4.6% compared to the same quarter last year. As a group, research analysts anticipate that The Brink’s Company will post 7.51 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on BCO. The Goldman Sachs Group lifted their target price on Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. TheStreet cut shares of Brink’s from a “b” rating to a “c+” rating in a research note on Wednesday, March 13th. Finally, Truist Financial raised their price target on shares of Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th.

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.