GAMMA Investing LLC Sells 161 Shares of The Brink’s Company (NYSE:BCO)

GAMMA Investing LLC trimmed its position in shares of The Brink’s Company (NYSE:BCO) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 930 shares of the business services provider’s stock after selling 161 shares during the period. GAMMA Investing LLC’s holdings in Brink’s were worth $86,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BCO. Headlands Technologies LLC acquired a new position in shares of Brink’s during the 2nd quarter worth about $37,000. First Horizon Advisors Inc. grew its holdings in Brink’s by 200.5% during the third 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 period. Quarry LP increased its position in Brink’s by 21.4% during the second quarter. Quarry LP now owns 852 shares of the business services provider’s stock worth $87,000 after buying an additional 150 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Brink’s in the second quarter valued at approximately $152,000. Finally, US Bancorp DE lifted its position in shares of Brink’s by 7.1% in the third quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock valued at $183,000 after buying an additional 105 shares during the last quarter. 94.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Truist Financial decreased their target price on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Brink’s currently has an average rating of “Buy” and an average target price of $120.50.

Insider Buying and Selling 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.49% of the company’s stock.

Brink’s Stock Performance

Shares of BCO stock opened at $90.39 on Friday. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 34.24 and a beta of 1.40. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The Brink’s Company has a 52 week low of $79.03 and a 52 week high of $115.91. The company has a 50-day simple moving average of $94.59 and a 200 day simple moving average of $102.25.

Brink’s (NYSE:BCO) last issued its quarterly earnings data 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 firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.92 EPS. On average, sell-side analysts predict that The Brink’s Company will post 6.51 earnings per share for the current year.

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.