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Does The Brink’s Company (BCO) Provide Attractive Investment Opportunity?

Ariel Investments, an investment management company, released its “Ariel Small-Cap Value Concentrated Fund” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined by -7.34% gross of fees, underperforming the Russell 2000 Value Index, which returned -4.61%, and the Russell 2000 Index, which returned -2.19%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Ariel Investment highlighted stocks like The Brink’s Company (NYSE:BCO) in the Q3 2022 investor letter. Headquartered in Richmond, Virginia, The Brink’s Company (NYSE:BCO) offers security-related services like secure transportation and cash management. On December 2, 2022, The Brink’s Company (NYSE:BCO) stock closed at $59.29 per share. One-month return of The Brink’s Company (NYSE:BCO) was -1.29%, and its shares lost 6.25% of their value over the last 52 weeks. The Brink’s Company (NYSE:BCO) has a market capitalization of $2.754 billion.

Ariel Investment made the following comment about The Brink’s Company (NYSE:BCO) in its Q3 2022 investor letter:

"Alternatively, logistics and cash management services provider The Brink’s Company (NYSE:BCO) declined over the period. We believe this price action runs counter to the company’s improving long term fundamental outlook. Despite global economic uncertainty and translation headwinds from a strengthening dollar, BCO continues to experience a recovery in revenues post-pandemic with operating profit benefitting from strong operational execution and margin expansion. Management also provided guidance for robust free cash flow generation and additional debt repayment. We believe BCO’s results demonstrate underappreciated resiliency amidst today’s macroeconomic uncertainty, while longer term, the company’s growth and productivity initiatives make this an attractive opportunity."

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The Brink’s Company (NYSE:BCO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. Per our database, 19 hedge fund portfolios held The Brink’s Company (NYSE:BCO) at the end of the third quarter, which was 20 in the previous quarter.

We discussed The Brink’s Company (NYSE:BCO) in another article and shared the best growth stocks to buy according to Marc Majzner’s Clearline Capital. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

 

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Disclosure: None. This article is originally published at Insider Monkey.