Focus Partners Wealth Increases Stock Position in Brink’s Company (The) $BCO

Focus Partners Wealth grew its stake in shares of Brink’s Company (The) (NYSE:BCO) by 1.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,775 shares of the business services provider’s stock after buying an additional 422 shares during the period. Focus Partners Wealth owned 0.08% of Brink’s worth $2,910,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BCO. Cetera Investment Advisers grew its stake in shares of Brink’s by 26.1% during the 4th quarter. Cetera Investment Advisers now owns 2,732 shares of the business services provider’s stock valued at $253,000 after buying an additional 565 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Brink’s by 2.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,246 shares of the business services provider’s stock valued at $2,342,000 after buying an additional 665 shares during the period. Millennium Management LLC grew its stake in shares of Brink’s by 537.4% during the 4th quarter. Millennium Management LLC now owns 23,795 shares of the business services provider’s stock valued at $2,207,000 after buying an additional 20,062 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of Brink’s during the 4th quarter valued at $536,000. Finally, ProShare Advisors LLC grew its stake in shares of Brink’s by 39.5% during the 4th quarter. ProShare Advisors LLC now owns 14,532 shares of the business services provider’s stock valued at $1,348,000 after buying an additional 4,115 shares during the period. 94.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded 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 MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $138.00.

Insider Activity at Brink’s

In other news, insider Michael E. Sweeney sold 1,314 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $99.05, for a total value of $130,151.70. Following the completion of the transaction, the insider directly owned 10,326 shares in the company, valued at $1,022,790.30. This trade represents a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arthelbert Louis Parker sold 540 shares of the firm’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 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 27,058 shares of company stock valued at $2,946,513. Insiders own 0.72% of the company’s stock.

Brink’s Price Performance

NYSE BCO opened at $115.17 on Tuesday. Brink’s Company has a 52 week low of $80.10 and a 52 week high of $117.65. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.84. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 31.13 and a beta of 1.48. The company has a 50-day moving average price of $103.17 and a two-hundred day moving average price of $92.82.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.36. The business 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 business’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $1.67 earnings per share. Analysts forecast that Brink’s Company will post 6.49 EPS for the current year.

Brink’s Dividend Announcement

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

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.