Blair William & Co. IL Cuts Position in Brink's Company (The) (NYSE:BCO)

Key Points

• Blair William & Co. IL reduced its stake in Brink's Company by 45.1% in Q1, now owning 28,837 shares valued at approximately $2.5 million.
• Brink's reported a quarterly earnings per share (EPS) of $1.79, exceeding the consensus estimate of $1.43, with revenues reaching $1.30 billion.
• Wall Street analysts downgraded Brink's rating from "buy" to "hold" on August 2nd, reflecting a shift in market sentiment.

Blair William & Co. IL cut its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 45.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,837 shares of the business services provider's stock after selling 23,691 shares during the quarter. Blair William & Co. IL owned approximately 0.07% of Brink's worth $2,485,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BCO. Ariel Investments LLC increased its holdings in shares of Brink's by 12.3% in the 4th quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock valued at $118,941,000 after acquiring an additional 140,895 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Brink's by 210.0% during the 4th quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider's stock worth $18,429,000 after buying an additional 134,582 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in Brink's by 24.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 481,115 shares of the business services provider's stock worth $44,633,000 after buying an additional 95,318 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Brink's by 9,914.9% in the first quarter. GAMMA Investing LLC now owns 93,139 shares of the business services provider's stock valued at $8,025,000 after acquiring an additional 92,209 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Brink's in the fourth quarter valued at approximately $8,257,000. 94.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Brink's from a "hold" rating to a "strong-buy" rating in a report on Sunday.

Brink's Stock Performance

Shares of BCO stock traded up $2.31 during midday trading on Tuesday, hitting $108.93. The company had a trading volume of 462,031 shares, compared to its average volume of 315,307. The company's 50 day simple moving average is $90.64 and its 200 day simple moving average is $89.44. Brink's Company has a 52-week low of $80.10 and a 52-week high of $115.91. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 29.44 and a beta of 1.46. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.51 and a quick ratio of 1.51.

Brink's (NYSE:BCO - Get Free Report) last announced its earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.36. Brink's had a return on equity of 86.86% and a net margin of 3.21%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the business posted $1.67 EPS. The company's revenue was up 3.8% on a year-over-year basis. Research analysts anticipate 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. Shareholders of record on Monday, July 28th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, July 28th. Brink's's dividend payout ratio (DPR) is 27.57%.

Insider Buying and Selling at Brink's

In other Brink's news, insider Michael E. Sweeney sold 1,314 shares of Brink's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $99.05, for a total value of $130,151.70. Following the transaction, the insider directly owned 10,326 shares in the company, valued at approximately $1,022,790.30. This trade represents a 11.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 2,802 shares of company stock valued at $280,262. Company insiders own 0.72% of the company's stock.

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.