Strs Ohio Raises Stock Holdings in The Brink’s Company (NYSE:BCO)

Strs Ohio lifted its holdings in shares of The Brink’s Company (NYSE:BCO) by 66.7% in the 4th quarter, Holdings Channel reports. The firm owned 5,500 shares of the business services provider’s stock after acquiring an additional 2,200 shares during the period. Strs Ohio’s holdings in Brink’s were worth $483,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Blue Trust Inc. grew its holdings in shares of Brink’s by 60.3% during the fourth quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock worth $33,000 after purchasing an additional 141 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Brink’s by 1.1% during the third quarter. Arizona State Retirement System now owns 13,218 shares of the business services provider’s stock worth $960,000 after purchasing an additional 148 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Brink’s by 14.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,513 shares of the business services provider’s stock worth $110,000 after purchasing an additional 188 shares in the last quarter. CenterBook Partners LP boosted its stake in Brink’s by 1.4% in the third quarter. CenterBook Partners LP now owns 17,205 shares of the business services provider’s stock worth $1,250,000 after buying an additional 231 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Brink’s by 8.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,326 shares of the business services provider’s stock worth $242,000 after buying an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Stock Up 1.8 %

Shares of BCO opened at $88.73 on Friday. The company has a debt-to-equity ratio of 6.27, a current ratio of 1.43 and a quick ratio of 1.43. The Brink’s Company has a 1 year low of $59.46 and a 1 year high of $93.25. The stock has a 50 day simple moving average of $86.09 and a two-hundred day simple moving average of $81.59. The firm has a market cap of $3.97 billion, a P/E ratio of 48.75 and a beta of 1.40.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BCO shares. Truist Financial upped their target price on Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. TheStreet lowered Brink’s from a “b” rating to a “c+” rating in a research note on Wednesday, March 13th. Finally, The Goldman Sachs Group upped 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.

Insider Buying and Selling at Brink’s

In other Brink’s news, Director Keith R. Wyche sold 400 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 665 shares in the company, valued at $54,776.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.

About Brink’s

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.