Oliver Luxxe Assets LLC Buys 1,936 Shares of The Brink’s Company (NYSE:BCO)

Oliver Luxxe Assets LLC lifted its position in The Brink’s Company (NYSE:BCO) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,421 shares of the business services provider’s stock after purchasing an additional 1,936 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Brink’s were worth $2,915,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BCO. Renaissance Technologies LLC increased its holdings in shares of Brink’s by 36.8% in the second quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock valued at $23,962,000 after purchasing an additional 63,000 shares in the last quarter. Sei Investments Co. raised its stake in shares of Brink’s by 9.9% during the second quarter. Sei Investments Co. now owns 235,459 shares of the business services provider’s stock worth $24,111,000 after buying an additional 21,194 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Brink’s by 53.8% in the second quarter. Canada Pension Plan Investment Board now owns 26,000 shares of the business services provider’s stock valued at $2,662,000 after acquiring an additional 9,100 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Brink’s by 0.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 73,667 shares of the business services provider’s stock worth $8,519,000 after acquiring an additional 543 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in shares of Brink’s in the 2nd quarter valued at $1,112,000. 94.96% of the stock is owned by institutional investors.

Insider Buying and Selling

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 shares were 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 $1,071,550.53. This trade represents a 26.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by company insiders.

Brink’s Trading Down 0.7 %

Shares of BCO stock traded down $0.68 on Monday, hitting $92.53. The stock had a trading volume of 116,163 shares, compared to its average volume of 149,645. The Brink’s Company has a twelve month low of $79.03 and a twelve month high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a market cap of $4.04 billion, a P/E ratio of 35.05 and a beta of 1.40. The company has a fifty day moving average price of $95.77 and a two-hundred day moving average price of $102.62.

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 the consensus estimate of $1.79 by ($0.28). The business 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%. Brink’s’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.92 earnings per share. As a group, analysts forecast that The Brink’s Company will post 6.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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