The Brink's Company (NYSE:BCO) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC reduced its holdings in The Brink's Company (NYSE:BCO - Free Report) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,550 shares of the business services provider's stock after selling 73,550 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.98% of Brink's worth $49,558,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. US Bancorp DE lifted its position in shares of Brink's by 7.1% during the 3rd quarter. US Bancorp DE now owns 1,584 shares of the business services provider's stock valued at $183,000 after acquiring an additional 105 shares during the period. Arizona State Retirement System lifted its stake in Brink's by 1.1% in the second quarter. Arizona State Retirement System now owns 12,521 shares of the business services provider's stock valued at $1,282,000 after purchasing an additional 140 shares during the last quarter. Quarry LP increased its holdings in Brink's by 21.4% during the 2nd quarter. Quarry LP now owns 852 shares of the business services provider's stock worth $87,000 after acquiring an additional 150 shares during the period. Inspire Investing LLC grew its stake in Brink's by 4.6% in the 3rd quarter. Inspire Investing LLC now owns 3,567 shares of the business services provider's stock worth $412,000 after buying an additional 156 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC boosted its stake in Brink's by 7.0% in the third quarter. Measured Wealth Private Client Group LLC now owns 2,774 shares of the business services provider's stock worth $321,000 after buying an additional 181 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial decreased their price objective on shares of Brink's from $144.00 to $138.00 and set a "buy" rating for the company in a report on Thursday, November 7th. StockNews.com upgraded Brink's from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 16th. Three 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.com, the stock currently has a consensus rating of "Buy" and an average price target of $120.50.

Insider Buying and Selling

In other Brink's news, EVP James K. Parks sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total transaction of $386,040.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Brink's Trading Down 2.3 %

Shares of BCO traded down $2.20 during mid-day trading on Tuesday, reaching $94.94. 356,451 shares of the company's stock traded hands, compared to its average volume of 263,466. The Brink's Company has a 12 month low of $79.03 and a 12 month high of $115.91. The stock has a market cap of $4.14 billion, a P/E ratio of 35.96 and a beta of 1.40. The stock's 50-day moving average is $103.98 and its two-hundred day moving average is $103.97. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57.

Brink's (NYSE:BCO - Get Free Report) last posted its earnings results 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 company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.27 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. Brink's's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.92 EPS. Research analysts forecast that The Brink's Company will post 6.51 earnings per share for the current fiscal year.

Brink's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were issued a $0.2425 dividend. This represents a $0.97 annualized dividend and a yield of 1.02%. The ex-dividend date was Monday, November 4th. Brink's's 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.