The Brink's Company (NYSE:BCO) Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 10.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,277 shares of the business services provider's stock after buying an additional 23,781 shares during the quarter. JPMorgan Chase & Co. owned about 0.55% of Brink's worth $27,901,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Franklin Resources Inc. increased its holdings in Brink's by 19.9% in the 3rd quarter. Franklin Resources Inc. now owns 292,468 shares of the business services provider's stock valued at $32,862,000 after purchasing an additional 48,482 shares during the last quarter. Geode Capital Management LLC increased its holdings in Brink's by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider's stock valued at $121,022,000 after buying an additional 8,841 shares during the last quarter. Barclays PLC lifted its holdings in Brink's by 204.3% during the 3rd quarter. Barclays PLC now owns 81,878 shares of the business services provider's stock worth $9,469,000 after buying an additional 54,975 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Brink's during the 3rd quarter worth about $590,000. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of Brink's in the 3rd quarter valued at about $751,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Brink's Price Performance

Brink's stock traded down $0.04 during midday trading on Wednesday, reaching $92.33. The company's stock had a trading volume of 199,205 shares, compared to its average volume of 199,141. The firm has a market capitalization of $4.03 billion, a PE ratio of 34.97 and a beta of 1.40. The Brink's Company has a fifty-two week low of $79.03 and a fifty-two week high of $115.91. The stock's 50 day simple moving average is $95.29 and its 200 day simple moving average is $102.49. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57.

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

Analyst Ratings Changes

Separately, Truist Financial reduced their price objective on shares of Brink's from $144.00 to $138.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Brink's presently has an average rating of "Buy" and an average price target of $120.50.

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.