Kirr Marbach & Co. LLC IN Has $8.66 Million Position in The Brink’s Company (NYSE:BCO)

Kirr Marbach & Co. LLC IN trimmed its holdings in The Brink’s Company (NYSE:BCO) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,343 shares of the business services provider’s stock after selling 320 shares during the quarter. Brink’s comprises about 1.9% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 18th biggest position. Kirr Marbach & Co. LLC IN’s holdings in Brink’s were worth $8,659,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BCO. Wasatch Advisors LP acquired a new position in Brink’s in the third quarter valued at approximately $59,308,000. Fiera Capital Corp acquired a new position in shares of Brink’s during the 3rd quarter valued at $27,460,000. State Street Corp boosted its stake in Brink’s by 5.1% during the third quarter. State Street Corp now owns 1,718,765 shares of the business services provider’s stock worth $198,758,000 after acquiring an additional 82,999 shares in the last quarter. Raymond James & Associates grew its holdings in Brink’s by 202.3% in the third quarter. Raymond James & Associates now owns 94,055 shares of the business services provider’s stock worth $10,876,000 after purchasing an additional 62,942 shares during the period. Finally, Barclays PLC increased its stake in Brink’s by 204.3% in the third quarter. Barclays PLC now owns 81,878 shares of the business services provider’s stock valued at $9,469,000 after purchasing an additional 54,975 shares in the last quarter. Institutional investors own 94.96% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial cut their price objective 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 investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Brink’s presently has a consensus rating of “Buy” and an average price target of $120.50.

Brink’s Stock Performance

NYSE BCO opened at $94.55 on Wednesday. The Brink’s Company has a 12-month low of $79.03 and a 12-month high of $115.91. The company has a market cap of $4.13 billion, a P/E ratio of 35.81 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 company has a fifty day simple moving average of $93.41 and a 200 day simple moving average of $101.44.

Brink’s (NYSE:BCO) last announced 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 analysts’ expectations of $1.27 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. Brink’s’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 EPS. Sell-side analysts predict that The Brink’s Company will post 6.51 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be paid a $0.2425 dividend. The ex-dividend date is Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 1.03%. Brink’s’s dividend payout ratio is 36.74%.

Insider Activity

In other news, EVP James K. Parks sold 4,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $96.51, for a total transaction of $386,040.00. Following the transaction, the executive vice president now directly owns 11,103 shares in the company, valued at approximately $1,071,550.53. This represents a 26.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

Brink’s Company Profile

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.