BNP Paribas Financial Markets Sells 88,111 Shares of The Brink's Company (NYSE:BCO)

BNP Paribas Financial Markets trimmed its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 78.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,236 shares of the business services provider's stock after selling 88,111 shares during the quarter. BNP Paribas Financial Markets owned 0.06% of Brink's worth $2,803,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in shares of Brink's during the 2nd quarter worth approximately $37,000. MFA Wealth Advisors LLC purchased a new stake in Brink's in the second quarter worth $47,000. GAMMA Investing LLC raised its stake in shares of Brink's by 119.0% in the second quarter. GAMMA Investing LLC now owns 460 shares of the business services provider's stock valued at $47,000 after buying an additional 250 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Brink's by 200.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock worth $71,000 after acquiring an additional 407 shares during the period. Finally, Rothschild Investment LLC purchased a new stake in Brink's in the 2nd quarter worth about $85,000. 94.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of Brink's from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 16th. Truist Financial lowered their target price on shares of Brink's from $144.00 to $138.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Brink's currently has an average rating of "Buy" and a consensus price target of $120.50.

Insider Buying and Selling at Brink's

In related news, EVP James K. Parks sold 4,000 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $96.51, for a total transaction of $386,040.00. Following the transaction, the executive vice president now directly owns 11,103 shares of the company's stock, valued at approximately $1,071,550.53. This trade represents a 26.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by company insiders.

Brink's Price Performance

NYSE BCO traded up $1.07 on Friday, hitting $94.63. The stock had a trading volume of 216,067 shares, compared to its average volume of 262,899. The firm has a 50-day moving average of $102.53 and a 200-day moving average of $103.81. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The Brink's Company has a 52-week low of $79.03 and a 52-week high of $115.91. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 35.84 and a beta of 1.40.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.28). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.27 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. Brink's's quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 EPS. Equities analysts expect that The Brink's Company will post 6.51 EPS for the current year.

Brink's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Monday, November 4th. Brink's's dividend payout ratio is currently 36.74%.

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.