The Brink’s Company (NYSE:BCO) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in The Brink’s Company (NYSE:BCO) by 10.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 241,277 shares of the business services provider’s stock after acquiring an additional 23,781 shares during the period. JPMorgan Chase & Co.’s holdings in Brink’s were worth $27,901,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in Brink’s by 5.1% in the third quarter. State Street Corp now owns 1,718,765 shares of the business services provider’s stock valued at $198,758,000 after purchasing an additional 82,999 shares during the last quarter. Geode Capital Management LLC lifted its stake in Brink’s by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider’s stock valued at $121,022,000 after buying an additional 8,841 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Brink’s by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,006,620 shares of the business services provider’s stock worth $103,079,000 after purchasing an additional 3,319 shares in the last quarter. Southernsun Asset Management LLC lifted its stake in shares of Brink’s by 11.0% in the third quarter. Southernsun Asset Management LLC now owns 517,932 shares of the business services provider’s stock worth $59,894,000 after buying an additional 51,128 shares in the last quarter. Finally, Wasatch Advisors LP acquired a new stake in Brink’s in the 3rd quarter valued at about $59,308,000. 94.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

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

Brink’s Price Performance

Brink’s stock opened at $92.39 on Wednesday. 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 company has a 50-day moving average price of $95.29 and a 200 day moving average price of $102.49. The Brink’s Company has a 12-month low of $79.03 and a 12-month high of $115.91. The stock has a market cap of $4.03 billion, a P/E ratio of 35.00 and a beta of 1.40.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. Sell-side analysts anticipate that The Brink’s Company will post 6.51 earnings per share for the current year.

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.