Knights of Columbus Asset Advisors LLC Has $10.20 Million Stock Position in The Brink’s Company (NYSE:BCO)

Knights of Columbus Asset Advisors LLC boosted its holdings in shares of The Brink’s Company (NYSE:BCO) by 318.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 115,968 shares of the business services provider’s stock after buying an additional 88,282 shares during the period. Brink’s makes up approximately 0.7% of Knights of Columbus Asset Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Knights of Columbus Asset Advisors LLC’s holdings in Brink’s were worth $10,199,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BCO. Blue Trust Inc. grew its stake in Brink’s by 60.3% in the fourth quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 141 shares in the last quarter. IFP Advisors Inc boosted its stake in Brink’s by 904.0% during the 3rd quarter. IFP Advisors Inc now owns 502 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 452 shares during the period. Covestor Ltd boosted its stake in Brink’s by 225.7% during the 3rd quarter. Covestor Ltd now owns 495 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 343 shares during the period. Dark Forest Capital Management LP bought a new stake in Brink’s during the 1st quarter valued at approximately $36,000. Finally, FinTrust Capital Advisors LLC bought a new stake in Brink’s during the 3rd quarter valued at approximately $37,000. 94.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BCO has been the subject of a number of recent research reports. Truist Financial increased their target price on Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. TheStreet cut Brink’s from a “b” rating to a “c+” rating in a report on Wednesday, March 13th. Finally, The Goldman Sachs Group increased 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.

Brink’s Price Performance

Shares of BCO traded up $0.92 during mid-day trading on Friday, reaching $87.21. The company had a trading volume of 49,114 shares, compared to its average volume of 205,928. The Brink’s Company has a twelve month low of $59.46 and a twelve month 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. The company’s 50-day moving average is $85.31 and its 200-day moving average is $80.92. The company has a market capitalization of $3.90 billion, a P/E ratio of 47.39 and a beta of 1.40.

Brink’s (NYSE:BCO) last released its quarterly earnings results on Thursday, February 29th. The business services provider reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $2.10 EPS. The business’s revenue was up 4.6% on a year-over-year basis. On average, equities 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 the firm’s stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.49% of the company’s stock.

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.