The Brink’s Company (NYSE:BCO) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in The Brink’s Company (NYSE:BCO) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,617 shares of the business services provider’s stock after selling 1,261 shares during the period. Retirement Systems of Alabama owned 0.12% of Brink’s worth $6,200,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. US Bancorp DE boosted its position in 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 purchasing an additional 105 shares during the period. Arizona State Retirement System lifted its stake in Brink’s by 1.1% in the second quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock valued at $1,282,000 after buying an additional 140 shares during the last quarter. Quarry LP boosted 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 valued at $87,000 after acquiring an additional 150 shares during the period. Inspire Investing LLC grew its position in shares of Brink’s by 4.6% during the third quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock worth $412,000 after acquiring an additional 156 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC increased its holdings in shares of Brink’s by 7.0% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock worth $321,000 after acquiring an additional 181 shares during the period. 94.96% of the stock is owned by institutional investors.

Brink’s Trading Down 5.3 %

Shares of BCO stock opened at $89.60 on Thursday. The Brink’s Company has a 1 year low of $79.03 and a 1 year high of $115.91. The firm has a market capitalization of $3.91 billion, a PE ratio of 33.94 and a beta of 1.40. The stock has a fifty day moving average of $100.19 and a two-hundred day moving average of $103.56. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 71.46% and a net margin of 2.37%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.92 EPS. As a group, research analysts expect that The Brink’s Company will post 6.51 EPS 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 stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the sale, the executive vice president now owns 11,103 shares in the company, valued at $1,071,550.53. This represents a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial reduced 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 analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Brink’s currently has an average rating of “Buy” and an average price target of $120.50.

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.