The Brink’s Company (NYSE:BCO) Holdings Increased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC increased its stake in The Brink’s Company (NYSE:BCO) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,421 shares of the business services provider’s stock after acquiring an additional 1,936 shares during the period. Oliver Luxxe Assets LLC owned approximately 0.07% of Brink’s worth $2,915,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BCO. Headlands Technologies LLC bought a new position in shares of Brink’s in the second quarter valued at $37,000. First Horizon Advisors Inc. boosted its position in shares of Brink’s by 200.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 407 shares during the period. Quarry LP increased its stake in Brink’s by 21.4% in the 2nd quarter. Quarry LP now owns 852 shares of the business services provider’s stock worth $87,000 after purchasing an additional 150 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Brink’s during the 2nd quarter worth about $101,000. Finally, GAMMA Investing LLC lifted its stake in Brink’s by 137.2% during the third quarter. GAMMA Investing LLC now owns 1,091 shares of the business services provider’s stock valued at $126,000 after buying an additional 631 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Stock Down 0.7 %

NYSE:BCO traded down $0.68 on Monday, hitting $92.53. 116,163 shares of the company’s stock traded hands, compared to its average volume of 149,645. The firm has a 50-day moving average price of $95.77 and a 200-day moving average price of $102.62. 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 market cap of $4.04 billion, a PE ratio of 35.05 and a beta of 1.40. 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 posted its quarterly 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 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 company’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $1.92 earnings per share. Equities analysts anticipate that The Brink’s Company will post 6.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $120.50.

Insider Buying and Selling

In related news, EVP James K. Parks sold 4,000 shares of the business’s stock in a transaction that occurred 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 directly owns 11,103 shares in the company, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.

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.