Brink’s Company (The) $BCO Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its stake in Brink’s Company (The) (NYSE:BCO) by 72.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,113 shares of the business services provider’s stock after selling 244,483 shares during the quarter. Invesco Ltd. owned approximately 0.22% of Brink’s worth $8,195,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its holdings in shares of Brink’s by 1,450.0% during the first quarter. UMB Bank n.a. now owns 496 shares of the business services provider’s stock worth $43,000 after purchasing an additional 464 shares during the period. Hexagon Capital Partners LLC raised its holdings in shares of Brink’s by 32.0% during the first quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider’s stock worth $46,000 after purchasing an additional 130 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Brink’s during the fourth quarter worth $56,000. First Horizon Advisors Inc. raised its holdings in shares of Brink’s by 20.2% during the first quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider’s stock worth $89,000 after purchasing an additional 174 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Brink’s by 16.2% during the first quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider’s stock worth $93,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Brink’s from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Brink’s has a consensus rating of “Buy” and an average price target of $138.00.

Brink’s Stock Down 1.0%

BCO stock opened at $112.0240 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.84. Brink’s Company has a fifty-two week low of $80.10 and a fifty-two week high of $115.91. The firm’s 50-day simple moving average is $95.96 and its 200 day simple moving average is $90.68. The stock has a market cap of $4.67 billion, a PE ratio of 30.28 and a beta of 1.46.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.36. Brink’s had a net margin of 3.21% and a return on equity of 86.86%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the company earned $1.67 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Brink’s Company will post 6.49 EPS for the current year.

Brink’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, July 28th will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, July 28th. Brink’s’s dividend payout ratio (DPR) is 27.57%.

Insider Activity at Brink’s

In related news, Director Arthelbert Louis Parker sold 540 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $115.00, for a total value of $62,100.00. Following the completion of the transaction, the director owned 6,603 shares in the company, valued at $759,345. This represents a 7.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael E. Sweeney sold 1,314 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $99.05, for a total transaction of $130,151.70. Following the completion of the transaction, the insider owned 10,326 shares of the company’s stock, valued at $1,022,790.30. This represents a 11.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,058 shares of company stock worth $2,946,513. 0.72% of the stock is currently owned by corporate insiders.

Brink’s Company 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.