Knights of Columbus Asset Advisors LLC Raises Stock Position in The Brink's Company (NYSE:BCO)

Knights of Columbus Asset Advisors LLC increased its position in The Brink's Company (NYSE:BCO - Free Report) by 318.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 115,968 shares of the business services provider's stock after buying an additional 88,282 shares during the period. Brink's comprises approximately 0.7% of Knights of Columbus Asset Advisors LLC's holdings, making the stock its 22nd largest position. Knights of Columbus Asset Advisors LLC owned 0.26% of Brink's worth $10,199,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised 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 buying an additional 35,957 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Brink's in the 4th quarter worth $871,000. Sei Investments Co. boosted its holdings in shares of Brink's by 7.3% during the 3rd quarter. Sei Investments Co. now owns 238,856 shares of the business services provider's stock valued at $17,351,000 after purchasing an additional 16,230 shares during the last quarter. Premier Fund Managers Ltd purchased a new position in shares of Brink's during the third quarter valued at about $3,676,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Brink's in the third quarter worth about $399,000. Hedge funds and other institutional investors own 94.96% of the company's stock.

Insider Activity at Brink's

In other Brink's news, Director Keith R. Wyche sold 400 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $82.37, for a total transaction of $32,948.00. Following the completion of the transaction, the director now owns 665 shares in the company, valued at $54,776.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is currently owned by insiders.

Brink's Trading Up 0.9 %

NYSE BCO traded up $0.75 during trading hours on Friday, hitting $87.04. 162,278 shares of the company were exchanged, compared to its average volume of 207,437. The stock has a market cap of $3.89 billion, a PE ratio of 47.82 and a beta of 1.40. The Brink's Company has a 52 week low of $59.46 and a 52 week high of $93.25. The stock has a 50-day moving average price of $85.31 and a 200 day moving average price of $80.92. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 6.27.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The business services provider reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.27. Brink's had a return on equity of 55.36% and a net margin of 1.77%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm posted $2.10 EPS. Brink's's quarterly revenue was up 4.6% compared to the same quarter last year. Analysts forecast that The Brink's Company will post 7.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BCO has been the subject of several research analyst reports. TheStreet cut Brink's from a "b" rating to a "c+" rating in a report on Wednesday, March 13th. Truist Financial raised their target price on shares of Brink's from $90.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, February 28th. Finally, The Goldman Sachs Group upped their price target on shares of Brink's from $98.00 to $103.00 and gave the company a "buy" rating in a research note on Friday, March 1st.

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.