Mutual of America Capital Management LLC Trims Stock Position in The Brink’s Company (NYSE:BCO)

Mutual of America Capital Management LLC trimmed its holdings in shares of The Brink’s Company (NYSE:BCO) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,872 shares of the business services provider’s stock after selling 2,324 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Brink’s worth $2,451,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Lazard Asset Management LLC increased its holdings in Brink’s by 8.0% during the third quarter. Lazard Asset Management LLC now owns 1,900 shares of the business services provider’s stock valued at $138,000 after buying an additional 140 shares during the period. Blue Trust Inc. increased its holdings in 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 buying an additional 141 shares during the period. Arizona State Retirement System increased its holdings in Brink’s by 1.1% during the third quarter. Arizona State Retirement System now owns 13,218 shares of the business services provider’s stock valued at $960,000 after buying an additional 148 shares during the period. Thrivent Financial for Lutherans increased its holdings in Brink’s by 1.4% during the third quarter. Thrivent Financial for Lutherans now owns 12,504 shares of the business services provider’s stock valued at $606,000 after buying an additional 167 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in Brink’s by 8.8% during the third quarter. Public Employees Retirement System of Ohio now owns 2,206 shares of the business services provider’s stock valued at $107,000 after buying an additional 179 shares during the period. 94.96% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Brink’s

In other news, Director Keith R. Wyche sold 400 shares of Brink’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $82.37, for a total transaction of $32,948.00. Following the completion of the sale, the director now directly owns 665 shares in the company, valued at $54,776.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.49% of the company’s stock.

Brink’s Price Performance

NYSE BCO opened at $87.04 on Friday. The firm’s fifty day simple moving average is $85.40 and its two-hundred day simple moving average is $81.03. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 6.27. The Brink’s Company has a 12-month low of $59.46 and a 12-month high of $93.25. The firm has a market capitalization of $3.89 billion, a P/E ratio of 47.82 and a beta of 1.40.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BCO shares. TheStreet lowered shares of Brink’s from a “b” rating to a “c+” rating in a report on Wednesday, March 13th. The Goldman Sachs Group lifted their price target on shares of Brink’s from $98.00 to $103.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Truist Financial lifted their price target on shares of Brink’s from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th.

Brink’s 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.