Brink’s Company (The) $BCO Stock Holdings Decreased by Amundi

Amundi reduced its position in Brink’s Company (The) (NYSE:BCO) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,404 shares of the business services provider’s stock after selling 968 shares during the period. Amundi owned about 0.18% of Brink’s worth $6,669,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Xponance Inc. increased its position in shares of Brink’s by 2.0% in the first quarter. Xponance Inc. now owns 6,372 shares of the business services provider’s stock worth $549,000 after acquiring an additional 128 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of Brink’s by 32.0% in the first quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider’s stock worth $46,000 after acquiring an additional 130 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Brink’s by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,112 shares of the business services provider’s stock worth $440,000 after acquiring an additional 135 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Brink’s by 16.2% in the first quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider’s stock worth $93,000 after acquiring an additional 151 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Brink’s by 20.2% in the first quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider’s stock worth $89,000 after acquiring an additional 174 shares in the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

Brink’s Price Performance

NYSE BCO opened at $114.25 on Thursday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.84. The stock has a market capitalization of $4.76 billion, a PE ratio of 30.88 and a beta of 1.48. The company has a 50 day moving average price of $101.87 and a two-hundred day moving average price of $92.38. Brink’s Company has a 12-month low of $80.10 and a 12-month high of $115.91.

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

Brink’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th were paid 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 was Monday, July 28th. Brink’s’s payout ratio is presently 27.57%.

Insider Activity

In other news, Director Arthelbert Louis Parker sold 540 shares of the business’s stock in a transaction on 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 sale, the director directly owned 6,603 shares in the company, valued at approximately $759,345. The trade was a 7.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael E. Sweeney sold 746 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total transaction of $85,790.00. Following the completion of the sale, the insider owned 7,785 shares of the company’s stock, valued at $895,275. The trade was a 8.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,058 shares of company stock valued at $2,946,513 over the last three months. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

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

About Brink’s

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.