HighTower Advisors LLC Acquires Shares of 1,790 The Brink’s Company (NYSE:BCO)

HighTower Advisors LLC acquired a new stake in The Brink’s Company (NYSE:BCO) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,790 shares of the business services provider’s stock, valued at approximately $205,000.

Other hedge funds have also modified their holdings of the company. Headlands Technologies LLC bought a new stake in Brink’s in the second quarter valued at $37,000. First Horizon Advisors Inc. grew its holdings 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 worth $71,000 after purchasing an additional 407 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of Brink’s during the 2nd quarter worth about $85,000. Quarry LP lifted its holdings in Brink’s by 21.4% during the 2nd quarter. Quarry LP now owns 852 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 150 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new position in Brink’s in the second quarter valued at about $101,000. 94.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Brink’s

In other news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $96.51, for a total transaction 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. The trade was a 26.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Truist Financial dropped their price objective on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a 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.com, the stock has a consensus rating of “Buy” and an average target price of $120.50.

Brink’s Stock Performance

Brink’s stock opened at $91.01 on Thursday. The Brink’s Company has a 12-month low of $79.03 and a 12-month high of $115.91. The stock has a 50-day simple moving average of $98.08 and a 200 day simple moving average of $103.11. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 34.47 and a beta of 1.40.

Brink’s (NYSE:BCO) last announced its earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.28). The company had revenue of $1.19 billion for 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%. During the same quarter in the previous year, the company posted $1.92 earnings per share. Brink’s’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, research analysts anticipate that The Brink’s Company will post 6.51 earnings per share for the current fiscal year.

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.