2,443 Shares in The Brink’s Company (NYSE:BCO) Acquired by OLD National Bancorp IN

OLD National Bancorp IN acquired a new position in The Brink’s Company (NYSE:BCO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,443 shares of the business services provider’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Brink’s by 318.9% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 115,968 shares of the business services provider’s stock worth $10,199,000 after buying an additional 88,282 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Brink’s by 34.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,628 shares of the business services provider’s stock worth $847,000 after acquiring an additional 2,484 shares during the period. Strs Ohio raised its stake in Brink’s by 66.7% during the 4th quarter. Strs Ohio now owns 5,500 shares of the business services provider’s stock worth $483,000 after acquiring an additional 2,200 shares during the period. Louisiana State Employees Retirement System bought a new stake in Brink’s during the 4th quarter worth approximately $1,117,000. Finally, Genesee Capital Advisors LLC bought a new stake in Brink’s during the 4th quarter worth approximately $599,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Insider Activity

In related news, Director Keith R. Wyche sold 400 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $82.37, for a total value of $32,948.00. Following the sale, the director now owns 665 shares in the company, valued at $54,776.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

BCO has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their target price on shares of Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. TheStreet cut shares of Brink’s from a “b” rating to a “c+” rating in a research note on Wednesday, March 13th. Finally, Truist Financial raised their target price on shares of Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th.

Brink’s Trading Up 1.8 %

Brink’s stock opened at $88.73 on Friday. The stock has a market cap of $3.97 billion, a P/E ratio of 48.75 and a beta of 1.40. The company has a debt-to-equity ratio of 6.27, a current ratio of 1.43 and a quick ratio of 1.43. The Brink’s Company has a 1 year low of $59.46 and a 1 year high of $93.25. The firm’s 50 day moving average price is $85.94 and its 200-day moving average price is $81.49.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Thursday, February 29th. The business services provider reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.27. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Brink’s had a net margin of 1.77% and a return on equity of 55.36%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.10 earnings per share. On average, equities analysts predict that The Brink’s Company will post 7.51 earnings per share for the current fiscal 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.