Invesco Ltd. Has $8.20 Million Holdings in Brink's Company (The) $BCO

Key Points

• Invesco Ltd. significantly reduced its stake in Brink's Company by 72.0%, leaving it with approximately 95,113 shares valued at $8,195,000 as of the latest SEC filing.
• Analysts upgraded Brink's stock from a "hold" to a "strong-buy" rating, with a consensus rating of "Buy" and an average price target of $138.00.
• Brink's reported earnings of $1.79 per share for the last quarter, exceeding expectations of $1.43, alongside a revenue growth of 3.8% year-over-year, reaching $1.30 billion.

Invesco Ltd. lowered its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 72.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,113 shares of the business services provider's stock after selling 244,483 shares during the quarter. Invesco Ltd. owned approximately 0.22% of Brink's worth $8,195,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in shares of Brink's by 367.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,225 shares of the business services provider's stock worth $392,000 after acquiring an additional 3,321 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Brink's by 119.0% in the 4th quarter. Hsbc Holdings PLC now owns 13,156 shares of the business services provider's stock valued at $1,220,000 after purchasing an additional 7,149 shares during the period. Price T Rowe Associates Inc. MD grew its position in Brink's by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 517,715 shares of the business services provider's stock worth $48,029,000 after acquiring an additional 29,006 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in Brink's during the 4th quarter worth $56,000. Finally, Northern Trust Corp lifted its holdings in Brink's by 14.0% during the 4th quarter. Northern Trust Corp now owns 613,301 shares of the business services provider's stock worth $56,896,000 after buying an additional 75,138 shares in the last quarter. Institutional investors own 94.96% of the company's stock.

Brink's Stock Down 0.1%

BCO stock traded down $0.10 during trading hours on Friday, reaching $111.98. 354,226 shares of the stock were exchanged, compared to its average volume of 385,423. The firm's 50-day moving average is $98.01 and its 200-day moving average is $91.24. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 30.26 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 Company has a 12 month low of $80.10 and a 12 month high of $115.91.

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 for the quarter, beating the consensus estimate of $1.43 by $0.36. The company 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%.Brink's's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS. On average, equities research analysts expect that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, July 28th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 0.9%. The ex-dividend date 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 note on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $138.00.

Insider Activity

In related news, Director Keith R. Wyche sold 475 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $106.15, for a total value of $50,421.25. Following the completion of the sale, the director directly owned 3,682 shares in the company, valued at approximately $390,844.30. This trade represents a 11.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Castillo sold 21,700 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $109.70, for a total transaction of $2,380,490.00. Following the completion of the sale, the executive vice president owned 22,188 shares of the company's stock, valued at $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. Over the last quarter, insiders have sold 27,058 shares of company stock valued at $2,946,513. Company insiders own 0.49% 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.