GAMMA Investing LLC Boosts Stake in Brink’s Company (The) $BCO

GAMMA Investing LLC boosted its stake in shares of Brink’s Company (The) (NYSE:BCO) by 27.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,381 shares of the business services provider’s stock after buying an additional 300 shares during the period. GAMMA Investing LLC’s holdings in Brink’s were worth $123,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in 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 buying an additional 464 shares during the period. 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 worth $46,000 after purchasing an additional 130 shares in 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 worth $89,000 after purchasing an additional 174 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Brink’s by 102.2% during the first quarter. Golden State Wealth Management LLC now owns 1,205 shares of the business services provider’s stock worth $104,000 after purchasing an additional 609 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Brink’s by 33.4% during the first quarter. Blue Trust Inc. now owns 1,808 shares of the business services provider’s stock worth $156,000 after purchasing an additional 453 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Price Performance

Shares of BCO opened at $116.95 on Wednesday. The business’s 50-day moving average is $108.04 and its two-hundred day moving average is $94.99. The company has a market capitalization of $4.87 billion, a P/E ratio of 31.61 and a beta of 1.48. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.51 and a current ratio of 1.51. Brink’s Company has a fifty-two week low of $80.10 and a fifty-two week high of $117.99.

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

Brink’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. Brink’s’s dividend payout ratio is presently 27.57%.

Insider Activity

In other news, insider Michael E. Sweeney sold 746 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 transaction of $85,790.00. Following the sale, the insider directly owned 7,785 shares of the company’s stock, valued at $895,275. This represents a 8.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keith R. Wyche sold 475 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $106.15, for a total transaction of $50,421.25. Following the sale, the director directly owned 3,682 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 27,058 shares of company stock valued at $2,946,513. Insiders own 0.72% of the company’s stock.

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, According to data from MarketBeat.com, the stock 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.