Federated Hermes Inc. Lowers Stock Holdings in The Brink’s Company (NYSE:BCO)

Federated Hermes Inc. trimmed its holdings in shares of The Brink’s Company (NYSE:BCO) by 13.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 26,921 shares of the business services provider’s stock after selling 4,112 shares during the period. Federated Hermes Inc.’s holdings in Brink’s were worth $2,368,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of Brink’s by 4,893.0% during the third quarter. Victory Capital Management Inc. now owns 606,845 shares of the business services provider’s stock valued at $44,081,000 after acquiring an additional 594,691 shares in the last quarter. FMR LLC increased its position in shares of Brink’s by 3.8% during the third quarter. FMR LLC now owns 4,609,188 shares of the business services provider’s stock valued at $334,811,000 after acquiring an additional 167,505 shares in the last quarter. Premier Fund Managers Ltd bought a new stake in shares of Brink’s during the third quarter valued at approximately $3,676,000. Vanguard Group Inc. increased its position in shares of Brink’s by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,728,043 shares of the business services provider’s stock valued at $343,445,000 after acquiring an additional 35,957 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Brink’s by 2,362.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 35,902 shares of the business services provider’s stock valued at $3,158,000 after acquiring an additional 34,444 shares in the last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Brink’s

In other news, Director Keith R. Wyche sold 400 shares of Brink’s stock in a transaction 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 transaction, the director now owns 665 shares in the company, valued at approximately $54,776.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Brink’s Trading Up 1.8 %

NYSE:BCO opened at $88.73 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 6.27. The Brink’s Company has a 12 month low of $59.46 and a 12 month high of $93.25. The company has a market cap of $3.97 billion, a PE ratio of 48.75 and a beta of 1.40. The company has a 50 day simple moving average of $86.09 and a two-hundred day simple moving average of $81.74.

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

About Brink’s

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.