Invesco Ltd. Has $8.20 Million Stake 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. decreased its position in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 72.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,113 shares of the business services provider's stock after selling 244,483 shares during the quarter. Invesco Ltd. owned about 0.22% of Brink's worth $8,195,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BCO. Xponance Inc. lifted its stake in Brink's by 2.0% in the first quarter. Xponance Inc. now owns 6,372 shares of the business services provider's stock valued at $549,000 after buying an additional 128 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in Brink's by 32.0% in the first quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock valued at $46,000 after buying an additional 130 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Brink's by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,112 shares of the business services provider's stock valued at $440,000 after buying an additional 135 shares in the last quarter. GAMMA Investing LLC lifted its stake in Brink's by 16.2% in 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. Finally, First Horizon Advisors Inc. lifted its stake in Brink's by 20.2% in the first quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock valued at $89,000 after buying an additional 174 shares in the last quarter. Institutional investors own 94.96% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of 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 data from MarketBeat, the company has an average rating of "Buy" and an average target price of $138.00.

Insider Buying and Selling at Brink's

In related news, Director Arthelbert Louis Parker sold 540 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total transaction of $62,100.00. Following the transaction, the director directly owned 6,603 shares in the company, valued at approximately $759,345. The trade was a 7.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith R. Wyche sold 475 shares of the business's stock in a transaction 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 transaction, the director owned 3,682 shares in the company, valued at approximately $390,844.30. The trade was a 11.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,058 shares of company stock valued at $2,946,513 over the last ninety days. 0.72% of the stock is currently owned by company insiders.

Brink's Stock Down 0.1%

Shares of NYSE BCO traded down $0.10 during midday trading on Friday, reaching $111.98. The company's stock had a trading volume of 354,226 shares, compared to its average volume of 390,694. 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 Company has a fifty-two week low of $80.10 and a fifty-two week high of $115.91. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 30.26 and a beta of 1.48. The stock has a 50 day simple moving average of $98.01 and a 200-day simple moving average of $91.21.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.36. Brink's had a net margin of 3.21% and a return on equity of 86.86%. 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 company earned $1.67 earnings per share. The firm's revenue was up 3.8% compared to the same quarter last year. Equities research analysts predict that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th will be issued a $0.255 dividend. The ex-dividend date is Monday, July 28th. 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%.

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.