The Brink’s Company (NYSE:BCO) Shares Sold by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC lowered its position in shares of The Brink’s Company (NYSE:BCO) by 2.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,546 shares of the business services provider’s stock after selling 137 shares during the quarter. Genesee Capital Advisors LLC’s holdings in Brink’s were worth $515,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV raised its stake in Brink’s by 61.6% during the fourth quarter. KBC Group NV now owns 1,721 shares of the business services provider’s stock valued at $160,000 after buying an additional 656 shares in the last quarter. Sound Income Strategies LLC raised its stake in Brink’s by 13.6% during the fourth quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider’s stock valued at $6,487,000 after buying an additional 8,352 shares in the last quarter. Inspire Investing LLC raised its position in shares of Brink’s by 21.2% during the 4th quarter. Inspire Investing LLC now owns 4,323 shares of the business services provider’s stock worth $401,000 after purchasing an additional 756 shares during the period. SG Americas Securities LLC raised its position in shares of Brink’s by 59.7% during the 4th quarter. SG Americas Securities LLC now owns 4,097 shares of the business services provider’s stock worth $380,000 after purchasing an additional 1,531 shares during the period. Finally, Westside Investment Management Inc. raised its position in shares of Brink’s by 0.8% during the 4th quarter. Westside Investment Management Inc. now owns 30,653 shares of the business services provider’s stock worth $2,844,000 after purchasing an additional 232 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Insider Buying and Selling at Brink’s

In other news, EVP James K. Parks sold 4,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total transaction of $386,040.00. Following the completion of the sale, the executive vice president now owns 11,103 shares in the company, valued at approximately $1,071,550.53. This represents a 26.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Brink’s Stock Performance

Shares of BCO stock opened at $94.55 on Wednesday. The Brink’s Company has a 12-month low of $79.03 and a 12-month high of $115.91. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 35.81 and a beta of 1.40. The business has a 50 day simple moving average of $93.41 and a 200 day simple moving average of $101.44. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57.

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 business had revenue of $1.19 billion during 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 business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $1.92 earnings per share. On average, equities research analysts anticipate that The Brink’s Company will post 6.51 EPS for the current year.

Brink’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Monday, February 3rd. Brink’s’s payout ratio is currently 36.74%.

Brink’s Company Profile

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.