Intech Investment Management LLC Acquires 3,749 Shares of Brink’s Company (The) $BCO

Intech Investment Management LLC raised its holdings in shares of Brink’s Company (The) (NYSE:BCO) by 12.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,971 shares of the business services provider’s stock after purchasing an additional 3,749 shares during the period. Intech Investment Management LLC owned 0.08% of Brink’s worth $2,841,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Xponance Inc. raised its position in Brink’s by 2.0% during the 1st quarter. Xponance Inc. now owns 6,372 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 128 shares during the last quarter. Hexagon Capital Partners LLC raised its position in shares of Brink’s by 32.0% in the 1st 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 raised its position in shares of Brink’s by 2.7% in the 1st 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 raised its position in shares of Brink’s by 16.2% in the 1st 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. raised its position in shares of Brink’s by 20.2% in the 1st 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. Institutional investors own 94.96% of the company’s stock.

Insider Transactions at Brink’s

In other Brink’s news, Director Arthelbert Louis Parker sold 540 shares of the business’s 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 directly owned 6,603 shares of the company’s stock, valued at $759,345. The trade was a 7.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Castillo sold 21,700 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $109.70, for a total value of $2,380,490.00. Following the sale, the executive vice president directly owned 22,188 shares in the company, valued at $2,434,023.60. The trade was a 49.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,058 shares of company stock valued at $2,946,513. 0.72% of the stock is owned by company insiders.

Brink’s Stock Performance

Shares of BCO opened at $115.74 on Monday. The business’s fifty day simple moving average is $102.75 and its two-hundred day simple moving average is $92.68. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.84. Brink’s Company has a 12 month low of $80.10 and a 12 month high of $117.65. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 31.28 and a beta of 1.48.

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

Brink’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, July 28th. Brink’s’s payout ratio is 27.57%.

Wall Street Analyst Weigh In

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

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.