Stifel Financial Corp Takes Position in The Brink’s Company (NYSE:BCO)

Stifel Financial Corp purchased a new position in The Brink’s Company (NYSE:BCO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,969 shares of the business services provider’s stock, valued at approximately $575,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. LSV Asset Management lifted its holdings in shares of Brink’s by 15,919.2% in the 2nd quarter. LSV Asset Management now owns 800,961 shares of the business services provider’s stock worth $82,018,000 after acquiring an additional 795,961 shares during the last quarter. Wasatch Advisors LP purchased a new stake in Brink’s in the 3rd quarter worth about $59,308,000. Fiera Capital Corp bought a new stake in Brink’s in the third quarter worth about $27,460,000. Renaissance Technologies LLC boosted its position in shares of Brink’s by 36.8% during the second quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock valued at $23,962,000 after buying an additional 63,000 shares during the period. Finally, Raymond James & Associates boosted its position in shares of Brink’s by 202.3% during the third quarter. Raymond James & Associates now owns 94,055 shares of the business services provider’s stock valued at $10,876,000 after buying an additional 62,942 shares during the period. 94.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Brink’s

In related news, EVP James K. Parks sold 4,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were 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 of the company’s stock, valued at $1,071,550.53. This represents a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Brink’s Trading Up 1.3 %

Shares of BCO opened at $92.20 on Friday. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 34.92 and a beta of 1.40. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The Brink’s Company has a 1-year low of $79.03 and a 1-year high of $115.91. The company has a 50-day moving average of $97.63 and a 200 day moving average of $103.03.

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 the consensus estimate of $1.79 by ($0.28). Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the firm posted $1.92 EPS. The business’s revenue was down 3.4% on a year-over-year basis. On average, research analysts expect that The Brink’s Company will post 6.51 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.