Strs Ohio Buys 2,200 Shares of The Brink’s Company (NYSE:BCO)

Strs Ohio raised its stake in The Brink’s Company (NYSE:BCO) by 66.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,500 shares of the business services provider’s stock after acquiring an additional 2,200 shares during the quarter. Strs Ohio’s holdings in Brink’s were worth $483,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Brink’s by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,728,043 shares of the business services provider’s stock valued at $343,445,000 after buying an additional 35,957 shares during the last quarter. FMR LLC raised its holdings in Brink’s by 3.8% in the 3rd quarter. FMR LLC now owns 4,609,188 shares of the business services provider’s stock valued at $334,811,000 after buying an additional 167,505 shares during the last quarter. Ariel Investments LLC raised its holdings in Brink’s by 0.8% in the 3rd quarter. Ariel Investments LLC now owns 1,909,223 shares of the business services provider’s stock valued at $138,686,000 after buying an additional 15,311 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Brink’s by 4,893.0% in the 3rd quarter. Victory Capital Management Inc. now owns 606,845 shares of the business services provider’s stock valued at $44,081,000 after buying an additional 594,691 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Brink’s by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 523,838 shares of the business services provider’s stock valued at $38,052,000 after buying an additional 11,747 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BCO shares. TheStreet lowered shares of Brink’s from a “b” rating to a “c+” rating in a report on Wednesday, March 13th. Truist Financial raised their price target on shares of Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group raised their price target on shares of Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, March 1st.

Insider Transactions at Brink’s

In other news, Director Keith R. Wyche sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $82.37, for a total transaction of $32,948.00. Following the completion of the sale, the director now owns 665 shares of the company’s stock, valued at approximately $54,776.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.49% of the company’s stock.

Brink’s Stock Up 1.8 %

Brink’s stock opened at $88.73 on Friday. The company has a debt-to-equity ratio of 6.27, a quick ratio of 1.43 and a current ratio of 1.43. The Brink’s Company has a 52-week low of $59.46 and a 52-week high of $93.25. The firm has a 50 day moving average price of $86.09 and a two-hundred day moving average price of $81.59. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 48.75 and a beta of 1.40.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Thursday, February 29th. The business services provider reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.27. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Brink’s had a net margin of 1.77% and a return on equity of 55.36%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.10 EPS. Equities analysts predict that The Brink’s Company will post 7.51 EPS for the current year.

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.