20,876 Shares in Brink's Company (The) $BCO Acquired by Caxton Associates LLP

Key Points

• Caxton Associates LLP acquired 20,876 shares of Brink's Company, valued at approximately $1.8 million, during the first quarter.
• Brink's recently received a rating upgrade from "hold" to "strong-buy" from Wall Street analysts, with an average target price set at $138.00.
• The company reported $1.79 EPS for the last quarter, exceeding estimates, with revenue increasing 3.8% year-over-year.

Caxton Associates LLP acquired a new position in shares of Brink's Company (The) (NYSE:BCO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 20,876 shares of the business services provider's stock, valued at approximately $1,799,000.

A number of other institutional investors have also recently added to or reduced their stakes in BCO. Nomura Holdings Inc. purchased a new stake in Brink's in the fourth quarter valued at $536,000. Principal Financial Group Inc. raised its position in Brink's by 1.2% in the first quarter. Principal Financial Group Inc. now owns 126,741 shares of the business services provider's stock valued at $10,920,000 after purchasing an additional 1,441 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Brink's by 16.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 67,086 shares of the business services provider's stock worth $5,959,000 after buying an additional 9,541 shares during the period. GAMMA Investing LLC boosted its stake in Brink's by 16.2% during the first quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock worth $93,000 after buying an additional 151 shares during the period. Finally, KBC Group NV boosted its stake in Brink's by 26.1% during the first quarter. KBC Group NV now owns 2,170 shares of the business services provider's stock worth $187,000 after buying an additional 449 shares during the period. Hedge funds and other institutional investors own 94.96% 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 note on Sunday, August 10th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $138.00.

Insider Transactions at Brink's

In other Brink's news, Director Arthelbert Louis Parker sold 540 shares of the company's stock in a transaction dated 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 in the company, valued at $759,345. This represents a 7.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Keith R. Wyche sold 475 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $106.15, for a total transaction of $50,421.25. Following the completion of the sale, the director directly owned 3,682 shares in the company, valued at approximately $390,844.30. This trade represents a 11.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,058 shares of company stock worth $2,946,513 over the last quarter. 0.72% of the stock is owned by corporate insiders.

Brink's Price Performance

BCO stock opened at $114.78 on Tuesday. 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 company has a market capitalization of $4.78 billion, a PE ratio of 31.02 and a beta of 1.48. Brink's Company has a 12-month low of $80.10 and a 12-month high of $115.91. The business's fifty day moving average price is $101.00 and its 200 day moving average price is $92.06.

Brink's (NYSE:BCO - Get Free Report) 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 firm 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 company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 EPS. On average, sell-side analysts anticipate that Brink's Company will post 6.49 EPS for the current year.

Brink's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 was Monday, July 28th. Brink's's payout ratio is currently 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.

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