The Brink’s Company (NYSE:BCO) Position Trimmed by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in The Brink’s Company (NYSE:BCO) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 53,617 shares of the business services provider’s stock after selling 1,261 shares during the period. Retirement Systems of Alabama’s holdings in Brink’s were worth $6,200,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Franklin Resources Inc. grew its holdings in shares of Brink’s by 19.9% in the 3rd quarter. Franklin Resources Inc. now owns 292,468 shares of the business services provider’s stock worth $32,862,000 after acquiring an additional 48,482 shares during the last quarter. Geode Capital Management LLC increased 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 worth $121,022,000 after purchasing an additional 8,841 shares in the last quarter. Barclays PLC increased its stake in Brink’s by 204.3% in the 3rd quarter. Barclays PLC now owns 81,878 shares of the business services provider’s stock worth $9,469,000 after purchasing an additional 54,975 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Brink’s during the 3rd quarter worth about $590,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in Brink’s during the third quarter valued at about $751,000. Institutional investors and hedge funds own 94.96% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Brink’s news, EVP James K. Parks sold 4,000 shares of the business’s stock in a transaction dated 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 $1,071,550.53. The trade was a 26.48 % decrease in their ownership of the stock. The sale 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 Stock Down 5.3 %

NYSE:BCO opened at $89.60 on Thursday. The business’s fifty day moving average price is $100.19 and its 200 day moving average price is $103.56. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 33.94 and a beta of 1.40. 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 Brink’s Company has a 1-year low of $79.03 and a 1-year high of $115.91.

Brink’s (NYSE:BCO) last issued its earnings results 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 business 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%. Brink’s’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.92 EPS. On average, sell-side analysts forecast that The Brink’s Company will post 6.51 earnings per share for the current fiscal 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.