Hotchkis & Wiley Capital Management LLC Decreases Stock Position in The Brink’s Company (NYSE:BCO)

Hotchkis & Wiley Capital Management LLC lessened its holdings in The Brink’s Company (NYSE:BCO) by 14.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 428,550 shares of the business services provider’s stock after selling 73,550 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.98% of Brink’s worth $49,558,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. US Bancorp DE boosted its position in Brink’s by 7.1% during the 3rd quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock worth $183,000 after acquiring an additional 105 shares during the period. Arizona State Retirement System increased its position in shares of 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 valued at $1,282,000 after buying an additional 140 shares in the last quarter. Quarry LP grew its position in Brink’s by 21.4% in the second quarter. Quarry LP now owns 852 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 150 shares in the last quarter. Inspire Investing LLC boosted its position in Brink’s by 4.6% during the third quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider’s stock worth $412,000 after purchasing an additional 156 shares during the period. Finally, Measured Wealth Private Client Group LLC raised its holdings in Brink’s by 7.0% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 94.96% of the company’s stock.

Wall Street Analyst Weigh In

BCO has been the topic of a number of research reports. StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Truist Financial cut their price target on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $120.50.

Insiders Place Their Bets

In related news, EVP James K. Parks sold 4,000 shares of the 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 sale, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Brink’s Trading Up 0.4 %

NYSE:BCO opened at $97.14 on Tuesday. The company has a market capitalization of $4.24 billion, a PE ratio of 36.80 and a beta of 1.40. 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 Brink’s Company has a 52-week low of $79.03 and a 52-week high of $115.91. The stock has a fifty day simple moving average of $103.98 and a 200-day simple moving average of $103.97.

Brink’s (NYSE:BCO) last issued its quarterly 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). Brink’s had a net margin of 2.37% and a return on equity of 71.46%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business posted $1.92 earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities research analysts expect that The Brink’s Company will post 6.51 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were given a dividend of $0.2425 per share. The ex-dividend date was Monday, November 4th. This represents a $0.97 annualized dividend and a yield of 1.00%. Brink’s’s dividend payout ratio is presently 36.74%.

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.