Cetera Investment Advisers Purchases 4,914 Shares of Brink’s Company (The) (NYSE:BCO)

Cetera Investment Advisers grew its position in Brink’s Company (The) (NYSE:BCO) by 179.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,646 shares of the business services provider’s stock after purchasing an additional 4,914 shares during the period. Cetera Investment Advisers’ holdings in Brink’s were worth $659,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Brink’s during the first quarter worth about $260,000. Allianz Asset Management GmbH acquired a new position in shares of Brink’s in the first quarter valued at approximately $638,000. Victory Capital Management Inc. grew its position in shares of Brink’s by 8.2% in the first quarter. Victory Capital Management Inc. now owns 488,452 shares of the business services provider’s stock valued at $42,085,000 after purchasing an additional 37,142 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Brink’s by 31.6% in the first quarter. Larson Financial Group LLC now owns 3,210 shares of the business services provider’s stock valued at $277,000 after purchasing an additional 771 shares during the last quarter. Finally, Edgestream Partners L.P. grew its position in shares of Brink’s by 223.8% in the first quarter. Edgestream Partners L.P. now owns 29,139 shares of the business services provider’s stock valued at $2,511,000 after purchasing an additional 20,141 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.

Brink’s Trading Down 1.1%

Shares of NYSE:BCO opened at $110.08 on Friday. The company has a market capitalization of $4.59 billion, a P/E ratio of 29.75 and a beta of 1.46. Brink’s Company has a 1 year low of $80.10 and a 1 year high of $115.91. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.51 and a quick ratio of 1.51. The business’s 50 day simple moving average is $92.80 and its 200 day simple moving average is $89.95.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.36. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. Brink’s had a return on equity of 86.86% and a net margin of 3.21%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 earnings per share. On average, research analysts anticipate that Brink’s Company will post 6.49 EPS for the current fiscal year.

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, July 28th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, July 28th. This represents a $1.02 dividend on an annualized basis and a yield of 0.9%. Brink’s’s dividend payout ratio is currently 27.57%.

Insider Buying and Selling

In related news, Director Arthelbert Louis Parker sold 540 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total transaction of $62,100.00. Following the sale, the director owned 6,603 shares of the company’s stock, valued at $759,345. This represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael E. Sweeney sold 746 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total value of $85,790.00. Following the sale, the insider directly owned 7,785 shares in the company, valued at $895,275. This represents a 8.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,358 shares of company stock valued at $566,023 over the last 90 days. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Brink’s from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 10th.

Brink’s Profile

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.