Brink's Company (The) $BCO Position Reduced by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC has decreased its stake in Brink's Company by 11.6%, owning approximately 4.67% of the company after the sale of 256,597 shares in Q2.
• Analysts have mixed ratings on Brink's, with Wall Street Zen upgrading to a "strong-buy" but Zacks Research downgrading to a "hold", resulting in an average rating of "Hold".
• Brink's has declared a quarterly dividend of $0.255 per share, with the ex-dividend date on November 3rd, yielding an annualized rate of approximately 0.9%.

William Blair Investment Management LLC reduced its position in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 11.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,962,981 shares of the business services provider's stock after selling 256,597 shares during the quarter. William Blair Investment Management LLC owned about 4.67% of Brink's worth $175,275,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. 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 valued at $93,000 after buying an additional 151 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Brink's by 115.1% during the 1st quarter. SG Americas Securities LLC now owns 8,812 shares of the business services provider's stock valued at $759,000 after purchasing an additional 4,715 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Brink's by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 5,112 shares of the business services provider's stock worth $440,000 after purchasing an additional 135 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Brink's by 33.4% in the 1st quarter. Blue Trust Inc. now owns 1,808 shares of the business services provider's stock worth $156,000 after purchasing an additional 453 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Brink's by 2.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 21,161 shares of the business services provider's stock worth $1,823,000 after purchasing an additional 606 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on BCO shares. Wall Street Zen upgraded shares of Brink's from a "hold" rating to a "strong-buy" rating in a research report on Sunday, August 10th. Zacks Research cut Brink's from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Brink's in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Brink's has an average rating of "Hold" and a consensus price target of $138.00.

Insider Transactions at Brink's

In other Brink's news, EVP Daniel J. Castillo sold 21,700 shares of Brink's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $109.70, for a total value of $2,380,490.00. Following the completion of the sale, the executive vice president directly owned 22,188 shares in the company, valued at $2,434,023.60. The trade was a 49.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith R. Wyche sold 475 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was 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 of the company's stock, valued at $390,844.30. This represents a 11.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,570 shares of company stock valued at $2,900,153 over the last 90 days. Company insiders own 0.49% of the company's stock.

Brink's Price Performance

Shares of NYSE:BCO opened at $111.57 on Friday. The company's fifty day moving average is $113.36 and its two-hundred day moving average is $97.31. The company has a market cap of $4.65 billion, a P/E ratio of 30.15 and a beta of 1.44. Brink's Company has a 12-month low of $80.10 and a 12-month high of $118.60. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.84.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly 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. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. Brink's had a return on equity of 86.86% and a net margin of 3.21%.Brink's's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 earnings per share. Equities analysts expect that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Announces Dividend

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

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.

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