Harvest Fund Management Co. Ltd Decreases Stock Holdings in The Brink’s Company (NYSE:BCO)

Harvest Fund Management Co. Ltd lessened its holdings in The Brink’s Company (NYSE:BCO) by 78.0% during the third quarter, HoldingsChannel.com reports. The fund owned 951 shares of the business services provider’s stock after selling 3,373 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Brink’s were worth $110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE lifted its stake 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 worth $183,000 after purchasing an additional 105 shares in the last quarter. Arizona State Retirement System boosted its holdings 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 acquiring an additional 140 shares during the period. Quarry LP boosted its holdings in Brink’s by 21.4% in the 2nd quarter. Quarry LP now owns 852 shares of the business services provider’s stock worth $87,000 after acquiring an additional 150 shares during the period. Inspire Investing LLC grew its position in Brink’s by 4.6% in the third 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 in the last quarter. Finally, Measured Wealth Private Client Group LLC raised its stake in shares of Brink’s by 7.0% during the third quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 181 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 company’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 transaction of $386,040.00. Following the completion of the transaction, the executive vice president now directly owns 11,103 shares of the company’s stock, valued at approximately $1,071,550.53. This represents a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BCO shares. Truist Financial lowered their price target on shares of Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a report on Thursday, November 7th. StockNews.com upgraded Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $120.50.

Brink’s Trading Down 0.6 %

BCO opened at $96.21 on Thursday. The Brink’s Company has a 12-month low of $77.84 and a 12-month high of $115.91. 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 $4.20 billion, a PE ratio of 36.44 and a beta of 1.44. The firm’s fifty day moving average price is $105.21 and its 200 day moving average price is $103.99.

Brink’s (NYSE:BCO) last issued its 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). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 EPS. As a group, research analysts expect that The Brink’s Company will post 6.51 EPS for the current fiscal year.

Brink’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Monday, November 4th. 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.