Louisiana State Employees Retirement System Takes $1.12 Million Position in The Brink’s Company (NYSE:BCO)

Louisiana State Employees Retirement System bought a new stake in shares of The Brink’s Company (NYSE:BCO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,700 shares of the business services provider’s stock, valued at approximately $1,117,000.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Brink’s by 60.3% during the fourth quarter. Blue Trust Inc. now owns 375 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 141 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Brink’s by 904.0% during the third quarter. IFP Advisors Inc now owns 502 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 452 shares in the last quarter. Covestor Ltd grew its stake in shares of Brink’s by 225.7% during the third quarter. Covestor Ltd now owns 495 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 343 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new stake in shares of Brink’s during the third quarter valued at about $37,000. Finally, HM Payson & Co. acquired a new stake in shares of Brink’s during the third quarter valued at about $53,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink’s Stock Up 1.5 %

NYSE:BCO opened at $89.41 on Wednesday. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 49.13 and a beta of 1.40. The Brink’s Company has a one year low of $59.46 and a one year high of $93.25. The stock has a 50-day simple moving average of $85.50 and a 200 day simple moving average of $81.27. The company has a debt-to-equity ratio of 6.27, a quick ratio of 1.43 and a current ratio of 1.43.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Thursday, February 29th. The business services provider reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.27. Brink’s had a return on equity of 55.36% and a net margin of 1.77%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the firm earned $2.10 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Sell-side analysts predict that The Brink’s Company will post 7.51 EPS for the current fiscal year.

Insiders Place Their Bets

In other Brink’s news, Director Keith R. Wyche sold 400 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $82.37, for a total value of $32,948.00. Following the transaction, the director now owns 665 shares of the company’s stock, valued at $54,776.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BCO has been the subject of several recent analyst reports. Truist Financial raised their target price on Brink’s from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. TheStreet downgraded Brink’s from a “b” rating to a “c+” rating in a research note on Wednesday, March 13th. Finally, The Goldman Sachs Group lifted their price target on Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday, March 1st.

Brink’s Company 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.