12,700 Shares in The Brink's Company (NYSE:BCO) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in The Brink's Company (NYSE:BCO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,700 shares of the business services provider's stock, valued at approximately $1,117,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Blue Trust Inc. grew its position in Brink's by 60.3% in the 4th quarter. Blue Trust Inc. now owns 375 shares of the business services provider's stock valued at $33,000 after buying an additional 141 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Brink's by 225.7% in the third quarter. Covestor Ltd now owns 495 shares of the business services provider's stock valued at $36,000 after acquiring an additional 343 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Brink's by 904.0% during the third quarter. IFP Advisors Inc now owns 502 shares of the business services provider's stock valued at $36,000 after acquiring an additional 452 shares during the period. FinTrust Capital Advisors LLC bought a new stake in Brink's during the third quarter worth approximately $37,000. Finally, HM Payson & Co. bought a new stake in Brink's during the third quarter worth approximately $53,000. Institutional investors own 94.96% of the company's stock.

Insider Buying and Selling at Brink's

In other Brink's news, Director Keith R. Wyche sold 400 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 665 shares of the company's stock, valued at $54,776.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company's stock.

Brink's Price Performance

BCO stock traded down $0.15 during trading on Wednesday, hitting $89.22. The company had a trading volume of 131,273 shares, compared to its average volume of 206,981. The Brink's Company has a fifty-two week low of $59.46 and a fifty-two week high of $93.25. The company has a market cap of $3.99 billion, a P/E ratio of 48.88 and a beta of 1.40. 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 company has a fifty day moving average price of $85.70 and a two-hundred day moving average price of $81.39.

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 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 firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the business posted $2.10 EPS. The company's quarterly revenue was up 4.6% compared to the same quarter last year. Equities research analysts expect that The Brink's Company will post 7.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.