Hotchkis & Wiley Capital Management LLC Sells 73,550 Shares of The Brink’s Company (NYSE:BCO)

Hotchkis & Wiley Capital Management LLC reduced its stake in The Brink’s Company (NYSE:BCO) by 14.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 428,550 shares of the business services provider’s stock after selling 73,550 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in Brink’s were worth $49,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BCO. SG Americas Securities LLC grew its stake in Brink’s by 219.9% during the second quarter. SG Americas Securities LLC now owns 8,846 shares of the business services provider’s stock valued at $906,000 after acquiring an additional 6,081 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Brink’s by 36.8% in the 2nd quarter. Renaissance Technologies LLC now owns 234,000 shares of the business services provider’s stock worth $23,962,000 after acquiring an additional 63,000 shares in the last quarter. Sei Investments Co. grew its holdings in Brink’s by 9.9% during the 2nd quarter. Sei Investments Co. now owns 235,459 shares of the business services provider’s stock valued at $24,111,000 after buying an additional 21,194 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Brink’s by 53.8% during the second quarter. Canada Pension Plan Investment Board now owns 26,000 shares of the business services provider’s stock valued at $2,662,000 after buying an additional 9,100 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Brink’s by 0.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 73,667 shares of the business services provider’s stock valued at $8,519,000 after buying an additional 543 shares during the period. 94.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BCO has been the subject of a number of research analyst reports. Truist Financial decreased their target price 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. StockNews.com raised shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $120.50.

Brink’s Stock Performance

Shares of BCO opened at $97.14 on Tuesday. The firm has a 50-day moving average of $103.98 and a 200-day moving average of $103.97. The company has a market cap of $4.24 billion, a PE ratio of 36.80 and a beta of 1.40. The Brink’s Company has a one year low of $79.03 and a one year high of $115.91. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57.

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

Brink’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were paid a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Monday, November 4th. Brink’s’s dividend payout ratio is 36.74%.

Insider Buying and Selling at Brink’s

In related news, EVP James K. Parks sold 4,000 shares of the business’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 sale, the executive vice president now directly owns 11,103 shares in the company, valued at approximately $1,071,550.53. The trade was a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.

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.