Allspring Global Investments Holdings LLC Has $3.16 Million Stake in The Brink's Company (NYSE:BCO)

Allspring Global Investments Holdings LLC grew its position in The Brink's Company (NYSE:BCO - Free Report) by 2,362.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,902 shares of the business services provider's stock after purchasing an additional 34,444 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.08% of Brink's worth $3,158,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Lazard Asset Management LLC increased its holdings in shares of Brink's by 8.0% during the third quarter. Lazard Asset Management LLC now owns 1,900 shares of the business services provider's stock worth $138,000 after purchasing an additional 140 shares during the period. Blue Trust Inc. grew its holdings in shares of Brink's by 60.3% during the 4th quarter. Blue Trust Inc. now owns 375 shares of the business services provider's stock worth $33,000 after purchasing an additional 141 shares in the last quarter. Arizona State Retirement System increased its position in shares of Brink's by 1.1% in the third quarter. Arizona State Retirement System now owns 13,218 shares of the business services provider's stock worth $960,000 after purchasing an additional 148 shares during the period. Thrivent Financial for Lutherans raised its stake in Brink's by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 12,504 shares of the business services provider's stock valued at $606,000 after purchasing an additional 167 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Brink's by 8.8% during the third quarter. Public Employees Retirement System of Ohio now owns 2,206 shares of the business services provider's stock worth $107,000 after purchasing an additional 179 shares during the period. Institutional investors own 94.96% of the company's stock.

Brink's Trading Up 0.9 %

BCO stock traded up $0.75 during trading on Friday, reaching $87.04. The company had a trading volume of 162,278 shares, compared to its average volume of 180,641. The company has a market cap of $3.89 billion, a P/E ratio of 47.82 and a beta of 1.40. The business has a 50 day moving average of $85.40 and a 200 day moving average of $81.16. The Brink's Company has a 52 week low of $59.46 and a 52 week high of $93.25. The company has a debt-to-equity ratio of 6.27, a current ratio of 1.43 and a quick ratio of 1.43.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The business services provider reported $2.76 earnings per share for the quarter, topping analysts' consensus estimates of $2.49 by $0.27. The company 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 firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.10 EPS. As a group, sell-side analysts forecast that The Brink's Company will post 7.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BCO shares. TheStreet downgraded shares of Brink's from a "b" rating to a "c+" rating in a report on Wednesday, March 13th. Truist Financial upped 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, The Goldman Sachs Group raised their price objective on shares of Brink's from $98.00 to $103.00 and gave the stock a "buy" rating in a research report on Friday, March 1st.

Insider Buying and Selling

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 stock was sold at an average price of $82.37, for a total value of $32,948.00. Following the completion of the sale, the director now directly owns 665 shares of the company's stock, valued at approximately $54,776.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by company insiders.

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.