GAMMA Investing LLC Has $86,000 Stake in The Brink’s Company (NYSE:BCO)

GAMMA Investing LLC reduced its stake in The Brink’s Company (NYSE:BCOFree Report) by 14.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 930 shares of the business services provider’s stock after selling 161 shares during the period. GAMMA Investing LLC’s holdings in Brink’s were worth $86,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in Brink’s in the 2nd quarter valued at approximately $37,000. First Horizon Advisors Inc. increased its holdings in shares of Brink’s by 200.5% during the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock worth $71,000 after buying an additional 407 shares in the last quarter. Quarry LP increased its holdings in shares of Brink’s by 21.4% during the second quarter. Quarry LP now owns 852 shares of the business services provider’s stock worth $87,000 after buying an additional 150 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Brink’s in the 2nd quarter valued at $152,000. Finally, US Bancorp DE boosted its holdings in shares of Brink’s by 7.1% during the 3rd quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock valued at $183,000 after acquiring an additional 105 shares in the last quarter. 94.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on Brink’s

Brink’s Trading Down 2.2 %

BCO opened at $90.39 on Friday. The company’s 50 day moving average price is $94.59 and its two-hundred day moving average price is $102.25. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 34.24 and a beta of 1.40. The Brink’s Company has a fifty-two week low of $79.03 and a fifty-two week high of $115.91. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57.

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

Insider Activity

In other news, EVP James K. Parks sold 4,000 shares of the company’s 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 sale, the executive vice president now directly owns 11,103 shares of the company’s stock, valued at approximately $1,071,550.53. This represents a 26.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.49% of the company’s stock.

Brink’s Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brink's (NYSE:BCO)

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