The Brink’s Company (NYSE:BCO) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd decreased its position in The Brink’s Company (NYSE:BCO) by 78.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 951 shares of the business services provider’s stock after selling 3,373 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Brink’s were worth $110,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Brink’s by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,006,620 shares of the business services provider’s stock worth $103,079,000 after buying an additional 3,319 shares in the last quarter. LSV Asset Management grew its position in shares of Brink’s by 15,919.2% in the second quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock valued at $82,018,000 after purchasing an additional 795,961 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Brink’s by 24.9% during the 3rd quarter. New York State Common Retirement Fund now owns 252,617 shares of the business services provider’s stock worth $29,213,000 after purchasing an additional 50,292 shares in the last quarter. Fiera Capital Corp acquired a new position in shares of Brink’s during the 3rd quarter worth approximately $27,460,000. Finally, Sei Investments Co. lifted its stake in Brink’s by 9.9% in the 2nd quarter. Sei Investments Co. now owns 235,459 shares of the business services provider’s stock valued at $24,111,000 after buying an additional 21,194 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BCO. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial cut their target price on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Brink’s currently has an average rating of “Buy” and a consensus target price of $120.50.

Brink’s Price Performance

BCO stock opened at $96.21 on Thursday. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 36.44 and a beta of 1.44. The stock’s fifty day simple moving average is $105.21 and its 200-day simple moving average is $103.99. The Brink’s Company has a 52-week low of $77.84 and a 52-week high of $115.91. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.28). The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 EPS. Equities research analysts expect that The Brink’s Company will post 6.51 EPS for the current year.

Brink’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a $0.2425 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.01%. Brink’s’s dividend payout ratio (DPR) is presently 36.74%.

Insider Activity

In related news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the transaction, the executive vice president now owns 11,103 shares in the company, valued at approximately $1,071,550.53. This trade represents a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.