Brink's Company (The) $BCO Shares Sold by Algert Global LLC

Key Points

• Algert Global LLC has decreased its holdings in Brink's Company by 40.8%, now owning 5,981 shares valued at approximately $515,000.
• Brink's reported earnings of $1.79 per share for the last quarter, exceeding analysts' expectations, with revenue of $1.30 billion.
• The company declared a quarterly dividend of $0.255 per share, with an annualized yield of 0.9% and a payout ratio of 27.57%.

Algert Global LLC lessened its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 40.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,981 shares of the business services provider's stock after selling 4,120 shares during the period. Algert Global LLC's holdings in Brink's were worth $515,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in Brink's by 1,450.0% during the 1st quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock valued at $43,000 after buying an additional 464 shares during the period. Hexagon Capital Partners LLC grew its position in Brink's by 32.0% in the 1st 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. Aquatic Capital Management LLC bought a new position in shares of Brink's during the 4th quarter worth $56,000. First Horizon Advisors Inc. grew its position in shares of Brink's by 20.2% during the 1st quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock worth $89,000 after buying an additional 174 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Brink's by 16.2% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Stock Performance

Shares of NYSE:BCO traded down $0.10 during trading on Friday, hitting $111.98. The stock had a trading volume of 354,226 shares, compared to its average volume of 385,423. Brink's Company has a 12-month low of $80.10 and a 12-month high of $115.91. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 30.26 and a beta of 1.46. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.84. The stock has a 50-day simple moving average of $98.01 and a two-hundred day simple moving average of $91.23.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.36. The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.27 billion. Brink's had a return on equity of 86.86% and a net margin of 3.21%.The company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $1.67 earnings per share. On average, equities research analysts expect that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, July 28th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, July 28th. Brink's's dividend payout ratio (DPR) is 27.57%.

Analyst Upgrades and Downgrades

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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $138.00.

Insider Buying and Selling

In related news, Director Keith R. Wyche sold 475 shares of the firm's 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 of the company's stock, valued at $390,844.30. This trade represents a 11.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Castillo sold 21,700 shares of the firm's stock in a transaction dated 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 approximately $2,434,023.60. This trade represents a 49.44% 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 in the last three months. 0.49% of the stock is currently owned by insiders.

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.