Brink's Company (The) $BCO Holdings Raised by Sound Income Strategies LLC

Key Points

• Sound Income Strategies LLC increased its stake in Brink's Company by 4.8% during the second quarter, owning 78,677 shares valued at approximately $7 million.
• Brink's recently reported quarterly earnings of $1.79 per share, exceeding analyst expectations of $1.43, with revenue of $1.30 billion.
• The company has announced a quarterly dividend of $0.255 to be paid on December 1st, representing an annualized yield of 0.9%.

Sound Income Strategies LLC lifted its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,677 shares of the business services provider's stock after purchasing an additional 3,618 shares during the quarter. Sound Income Strategies LLC owned about 0.19% of Brink's worth $7,025,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew 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 acquiring an additional 464 shares during the period. Hexagon Capital Partners LLC grew its holdings in 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 acquiring an additional 130 shares during the period. First Horizon Advisors Inc. grew its holdings in 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 acquiring an additional 174 shares during the period. GAMMA Investing LLC grew its holdings 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 acquiring an additional 151 shares during the period. Finally, Golden State Wealth Management LLC grew its holdings in 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 acquiring an additional 609 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Arthelbert Louis Parker sold 540 shares of Brink's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $115.00, for a total value of $62,100.00. Following the transaction, the director owned 6,603 shares of the company's stock, valued at approximately $759,345. This trade represents a 7.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Keith R. Wyche sold 475 shares of Brink's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $106.15, for a total value of $50,421.25. Following the completion of the transaction, the director directly owned 3,682 shares in the company, valued at $390,844.30. This represents a 11.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,058 shares of company stock worth $2,946,513. Company insiders own 0.72% of the company's stock.

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, August 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Brink's presently has a consensus rating of "Buy" and an average target price of $138.00.

Brink's Trading Up 1.0%

Shares of BCO opened at $116.93 on Monday. The business's 50-day moving average price is $107.12 and its 200 day moving average price is $94.63. The stock has a market capitalization of $4.87 billion, a P/E ratio of 31.60 and a beta of 1.48. Brink's Company has a 1-year low of $80.10 and a 1-year high of $117.99. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.84.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.36. The firm had revenue of $1.30 billion for 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%.Brink's's revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.67 EPS. Analysts expect that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 3rd will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 0.9%. Brink's's dividend payout ratio (DPR) is currently 27.57%.

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.

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