B. Metzler seel. Sohn & Co. AG Sells 5,796 Shares of Brink's Company (The) $BCO

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Brink's Company by 50.7%, holding 5,628 shares valued at approximately $485,000 as of its latest SEC filing.
• Wall Street Zen upgraded Brink's to a "strong-buy" rating, with an average stock rating of "Buy" and a consensus price target of $138.00.
• Brink's reported earnings of $1.79 EPS for the last quarter, surpassing analysts' expectations, and a revenue increase of 3.8% year-over-year.

B. Metzler seel. Sohn & Co. AG cut its holdings in Brink's Company (The) (NYSE:BCO - Free Report) by 50.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,628 shares of the business services provider's stock after selling 5,796 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Brink's were worth $485,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BCO. Aquatic Capital Management LLC bought a new stake in Brink's in the fourth quarter worth $56,000. Northern Trust Corp boosted its holdings in Brink's by 14.0% during the fourth quarter. Northern Trust Corp now owns 613,301 shares of the business services provider's stock valued at $56,896,000 after acquiring an additional 75,138 shares during the period. Freestone Grove Partners LP bought a new stake in Brink's during the fourth quarter valued at about $367,000. Algert Global LLC boosted its holdings in Brink's by 66.5% during the fourth quarter. Algert Global LLC now owns 10,101 shares of the business services provider's stock valued at $937,000 after acquiring an additional 4,035 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Brink's by 210.0% during the fourth quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider's stock valued at $18,429,000 after acquiring an additional 134,582 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Brink's Price Performance

NYSE:BCO traded down $0.89 during mid-day trading on Wednesday, hitting $112.44. The company's stock had a trading volume of 418,139 shares, compared to its average volume of 378,262. Brink's Company has a fifty-two week low of $80.10 and a fifty-two week high of $115.91. 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 $4.68 billion, a price-to-earnings ratio of 30.39 and a beta of 1.48. The stock has a fifty day moving average of $99.50 and a 200-day moving average of $91.64.

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 for the quarter, topping the consensus estimate of $1.43 by $0.36. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.27 billion. Brink's had a net margin of 3.21% and a return on equity of 86.86%. The company's revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.67 earnings per share. As a group, equities analysts forecast that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend 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 presently 27.57%.

Insider Activity

In other news, 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 owned 3,682 shares of the company's stock, valued at approximately $390,844.30. This trade represents a 11.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael E. Sweeney sold 746 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total transaction of $85,790.00. Following the completion of the sale, the insider directly owned 7,785 shares of the company's stock, valued at approximately $895,275. This represents a 8.74% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,058 shares of company stock worth $2,946,513. Corporate insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Brink's currently has a consensus rating of "Buy" and a consensus price target of $138.00.

Brink's Company 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.