Franklin Resources Inc. Has $32.86 Million Stock Holdings in The Brink’s Company (NYSE:BCO)

Franklin Resources Inc. boosted its position in The Brink’s Company (NYSE:BCO) by 19.9% during the 3rd quarter, Holdings Channel reports. The fund owned 292,468 shares of the business services provider’s stock after buying an additional 48,482 shares during the period. Franklin Resources Inc.’s holdings in Brink’s were worth $32,862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Brink’s by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider’s stock worth $121,022,000 after purchasing an additional 8,841 shares in the last quarter. Barclays PLC increased its stake in Brink’s by 204.3% during the 3rd quarter. Barclays PLC now owns 81,878 shares of the business services provider’s stock valued at $9,469,000 after purchasing an additional 54,975 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Brink’s during the third quarter worth $590,000. Orion Portfolio Solutions LLC bought a new position in shares of Brink’s in the third quarter valued at $751,000. Finally, Castleark Management LLC lifted its stake in shares of Brink’s by 5.3% in the third quarter. Castleark Management LLC now owns 92,770 shares of the business services provider’s stock valued at $10,728,000 after buying an additional 4,670 shares in the last quarter. Institutional investors own 94.96% of the company’s stock.

Brink’s Trading Down 5.3 %

NYSE BCO opened at $89.60 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The business has a fifty day simple moving average of $100.19 and a 200 day simple moving average of $103.56. The Brink’s Company has a 12 month low of $79.03 and a 12 month high of $115.91. The firm has a market capitalization of $3.91 billion, a P/E ratio of 33.94 and a beta of 1.40.

Brink’s (NYSE:BCO) 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). Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company earned $1.92 EPS. The business’s revenue was down 3.4% compared to the same quarter last year. On average, analysts predict that The Brink’s Company will post 6.51 EPS for the current fiscal year.

Insider Buying and Selling at Brink’s

In other news, EVP James K. Parks sold 4,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 11,103 shares of the company’s stock, valued at $1,071,550.53. This represents a 26.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Separately, 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 investment 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 presently has an average rating of “Buy” and a consensus price target of $120.50.

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.