Westside Investment Management Inc. Has $2.84 Million Stock Holdings in The Brink’s Company (NYSE:BCO)

Westside Investment Management Inc. raised its holdings in shares of The Brink’s Company (NYSE:BCO) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 30,653 shares of the business services provider’s stock after acquiring an additional 232 shares during the period. Westside Investment Management Inc.’s holdings in Brink’s were worth $2,844,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BCO. First Horizon Advisors Inc. boosted its stake in 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 last quarter. Quarry LP boosted its position in shares of Brink’s by 21.4% during the second quarter. Quarry LP now owns 852 shares of the business services provider’s stock worth $87,000 after purchasing an additional 150 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Brink’s by 137.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,091 shares of the business services provider’s stock valued at $126,000 after buying an additional 631 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Brink’s during the 2nd quarter worth $152,000. Finally, US Bancorp DE lifted its holdings in Brink’s by 7.1% during the third quarter. US Bancorp DE now owns 1,584 shares of the business services provider’s stock worth $183,000 after acquiring an additional 105 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $120.50.

Brink’s Trading Down 0.5 %

BCO opened at $93.90 on Wednesday. The stock has a market capitalization of $4.10 billion, a P/E ratio of 35.57 and a beta of 1.40. 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 Brink’s Company has a 12 month low of $79.03 and a 12 month high of $115.91. The firm’s fifty day simple moving average is $93.35 and its 200 day simple moving average is $101.76.

Brink’s (NYSE:BCO) last issued its quarterly earnings results 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 firm had revenue of $1.19 billion during 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%. The business’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 earnings per share. As a group, research analysts anticipate that The Brink’s Company will post 6.51 EPS for the current fiscal year.

Brink’s Dividend Announcement

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

Insider Activity

In related news, EVP James K. Parks sold 4,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is 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.