Voya Investment Management LLC Decreases Stock Holdings in Brink’s Company (The) $BCO

Voya Investment Management LLC trimmed its holdings in shares of Brink’s Company (The) (NYSE:BCO) by 11.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,717 shares of the business services provider’s stock after selling 1,512 shares during the quarter. Voya Investment Management LLC’s holdings in Brink’s were worth $1,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BCO. UMB Bank n.a. increased its position 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 valued at $43,000 after acquiring an additional 464 shares during the last quarter. Hexagon Capital Partners LLC increased its position 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 valued at $46,000 after acquiring an additional 130 shares during the last quarter. First Horizon Advisors Inc. increased its position 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 valued at $89,000 after acquiring an additional 174 shares during the last quarter. GAMMA Investing LLC increased its position 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 valued at $93,000 after acquiring an additional 151 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its position in Brink’s by 102.2% in the first quarter. Golden State Wealth Management LLC now owns 1,205 shares of the business services provider’s stock worth $104,000 after buying an additional 609 shares during the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

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. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $138.00.

Insider Buying and Selling

In other news, EVP Daniel J. Castillo sold 21,700 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 22,188 shares of the company’s stock, valued at $2,434,023.60. This trade represents a 49.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith R. Wyche sold 475 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $106.15, for a total value of $50,421.25. Following the completion of the transaction, the director directly owned 3,682 shares of the company’s stock, valued at $390,844.30. The trade was a 11.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,058 shares of company stock valued at $2,946,513 over the last three months. Insiders own 0.72% of the company’s stock.

Brink’s Price Performance

Brink’s stock opened at $115.62 on Wednesday. Brink’s Company has a one year low of $80.10 and a one year high of $117.99. The business has a fifty day moving average price of $105.74 and a 200-day moving average price of $93.93. 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 firm has a market capitalization of $4.82 billion, a P/E ratio of 31.25 and a beta of 1.48.

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

Brink’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 3rd 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, November 3rd. Brink’s’s dividend payout ratio (DPR) is presently 27.57%.

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.