New York State Common Retirement Fund Lowers Stock Holdings in The Brink's Company (NYSE:BCO)

New York State Common Retirement Fund cut its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,690 shares of the business services provider's stock after selling 26,391 shares during the period. New York State Common Retirement Fund owned approximately 0.53% of Brink's worth $20,817,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BCO. IFP Advisors Inc boosted its position 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 buying an additional 452 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new stake in shares of Brink's during the third quarter valued at $37,000. Miracle Mile Advisors LLC boosted its position in shares of Brink's by 10.9% during the third quarter. Miracle Mile Advisors LLC now owns 3,541 shares of the business services provider's stock valued at $257,000 after buying an additional 347 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Brink's by 15.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,144 shares of the business services provider's stock valued at $519,000 after acquiring an additional 982 shares during the period. Finally, Mackenzie Financial Corp bought a new position in Brink's in the third quarter valued at about $206,000. 94.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BCO has been the topic of a number of recent research reports. TheStreet downgraded Brink's from a "b" rating to a "c+" rating in a report on Wednesday, March 13th. Truist Financial increased their target price on 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 raised their price objective on Brink's from $98.00 to $103.00 and gave the stock a "buy" rating in a research note on Friday, March 1st.

Brink's Price Performance

BCO traded up $1.60 on Friday, hitting $88.73. 121,916 shares of the company's stock traded hands, compared to its average volume of 167,034. The company's 50 day simple moving average is $86.09 and its 200-day simple moving average is $81.65. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 48.75 and a beta of 1.40. The Brink's Company has a one year low of $59.46 and a one year high of $93.25. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 6.27.

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

Insider Activity at Brink's

In related news, Director Keith R. Wyche sold 400 shares of Brink'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 sale, the director now owns 665 shares of the company's stock, valued at approximately $54,776.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by corporate insiders.

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.