Westside Investment Management Inc. Purchases 232 Shares of The Brink’s Company (NYSE:BCO)

Westside Investment Management Inc. raised its holdings in The Brink’s Company (NYSE:BCO) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,653 shares of the business services provider’s stock after buying an additional 232 shares during the quarter. Westside Investment Management Inc. owned 0.07% of Brink’s worth $2,844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BCO. First Horizon Advisors Inc. raised its stake in Brink’s by 200.5% during the third 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 in the last quarter. Quarry LP grew its holdings in shares of Brink’s by 21.4% in the 2nd quarter. Quarry LP now owns 852 shares of the business services provider’s stock worth $87,000 after purchasing an additional 150 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Brink’s by 137.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,091 shares of the business services provider’s stock worth $126,000 after purchasing an additional 631 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Brink’s during the 2nd quarter valued at about $152,000. Finally, US Bancorp DE boosted its position in Brink’s by 7.1% in the third quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock valued at $183,000 after buying an additional 105 shares in the last quarter. Institutional investors own 94.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial dropped 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. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $120.50.

Brink’s Price Performance

Shares of BCO stock opened at $93.90 on Wednesday. The Brink’s Company has a 52 week low of $79.03 and a 52 week high of $115.91. The stock has a market capitalization of $4.10 billion, a PE ratio of 35.57 and a beta of 1.40. 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 stock’s fifty day moving average is $93.35 and its 200-day moving average is $101.76.

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

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, February 3rd. Brink’s’s dividend payout ratio is currently 36.74%.

Insider Buying and Selling

In related news, EVP James K. Parks sold 4,000 shares of Brink’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $96.51, for a total value of $386,040.00. Following the completion of the sale, the executive vice president now directly owns 11,103 shares in the company, valued at $1,071,550.53. This trade represents a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

About Brink’s

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.