JPMorgan Chase & Co. Boosts Holdings in The Brink’s Company (NYSE:BCO)

JPMorgan Chase & Co. increased its position in The Brink’s Company (NYSE:BCO) by 10.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,277 shares of the business services provider’s stock after purchasing an additional 23,781 shares during the period. JPMorgan Chase & Co. owned approximately 0.55% of Brink’s worth $27,901,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE increased its position in shares of Brink’s by 7.1% during the third quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock valued at $183,000 after acquiring an additional 105 shares in the last quarter. Arizona State Retirement System raised its position in Brink’s by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock worth $1,282,000 after buying an additional 140 shares during the last quarter. Quarry LP lifted its stake 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 acquiring an additional 150 shares during the period. Inspire Investing LLC boosted its holdings in shares of Brink’s by 4.6% during the 3rd quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock valued at $412,000 after acquiring an additional 156 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC grew its stake in shares of Brink’s by 7.0% in the third quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock worth $321,000 after acquiring an additional 181 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Brink’s Trading Down 0.0 %

Shares of Brink’s stock opened at $92.39 on Wednesday. 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 stock has a market capitalization of $4.03 billion, a PE ratio of 35.00 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. The company’s fifty day simple moving average is $95.29 and its 200-day simple moving average is $102.49.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.28). The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.92 EPS. As a group, equities analysts anticipate that The Brink’s Company will post 6.51 earnings per share for the current year.

Insider Buying and Selling at Brink’s

In other news, EVP James K. Parks sold 4,000 shares of the firm’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 of the company’s stock, valued at $1,071,550.53. This trade represents a 26.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lowered 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Brink’s has a consensus rating of “Buy” and a consensus target price 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.