HighTower Advisors LLC Invests $205,000 in The Brink’s Company (NYSE:BCO)

HighTower Advisors LLC acquired a new position in shares of The Brink’s Company (NYSE:BCO) during the third quarter, HoldingsChannel reports. The firm acquired 1,790 shares of the business services provider’s stock, valued at approximately $205,000.

Several other institutional investors have also added to or reduced their stakes in the stock. US Bancorp DE raised its stake in shares of Brink’s by 7.1% in the 3rd quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock valued at $183,000 after purchasing an additional 105 shares during the period. Arizona State Retirement System grew its holdings in shares of Brink’s by 1.1% during the second quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider’s stock worth $1,282,000 after buying an additional 140 shares in the last quarter. Quarry LP raised its position in Brink’s by 21.4% in the 2nd quarter. Quarry LP now owns 852 shares of the business services provider’s stock valued at $87,000 after buying an additional 150 shares during the last quarter. Inspire Investing LLC lifted its stake in Brink’s by 4.6% in the 3rd 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 boosted its position in Brink’s by 7.0% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider’s stock worth $321,000 after acquiring an additional 181 shares during the last quarter. 94.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction dated 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 owns 11,103 shares in the company, valued at approximately $1,071,550.53. This trade represents a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered their price objective 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 equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $120.50.

Brink’s Price Performance

Shares of NYSE BCO opened at $91.01 on Thursday. The Brink’s Company has a fifty-two week low of $79.03 and a fifty-two week high of $115.91. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 34.47 and a beta of 1.40. 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 business has a 50-day moving average of $98.08 and a 200-day moving average of $103.11.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.51 earnings per share 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 company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the business earned $1.92 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, sell-side analysts predict that The Brink’s Company will post 6.51 earnings per share for the current fiscal year.

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.