Brink's Company (The) $BCO Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in Brink's Company by 3.8%, selling 23,424 shares, and now holds approximately 1.37% of the company valued at $50.8 million.
• Brink's received an upgrade from Wall Street Zen, moving from a "hold" to a "strong-buy" rating, with a consensus price target of $138.00.
• The company reported earnings of $1.79 per share for the quarter, beating estimates by $0.36, alongside a revenue of $1.30 billion, reflecting a 3.8% increase year-over-year.

Northern Trust Corp trimmed its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 589,877 shares of the business services provider's stock after selling 23,424 shares during the period. Northern Trust Corp owned about 1.37% of Brink's worth $50,824,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. increased its stake in shares of Brink's by 1,450.0% during the 1st quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock worth $43,000 after purchasing an additional 464 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Brink's by 32.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock worth $46,000 after purchasing an additional 130 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Brink's during the 4th quarter worth approximately $56,000. First Horizon Advisors Inc. increased its stake in shares of Brink's by 20.2% during the 1st quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock worth $89,000 after purchasing an additional 174 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Brink's by 16.2% during the 1st quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock worth $93,000 after purchasing an additional 151 shares in the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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, Based on data from MarketBeat.com, Brink's has a consensus rating of "Buy" and a consensus price target of $138.00.

Insider Activity

In other Brink's news, insider Michael E. Sweeney sold 746 shares of Brink's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total value of $85,790.00. Following the transaction, the insider owned 7,785 shares in the company, valued at $895,275. This trade represents a 8.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Castillo sold 21,700 shares of Brink's stock in a transaction on 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 transaction, the executive vice president owned 22,188 shares in the company, valued at approximately $2,434,023.60. This trade represents a 49.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,058 shares of company stock worth $2,946,513 in the last three months. 0.49% of the stock is owned by insiders.

Brink's Stock Up 0.8%

Shares of NYSE BCO opened at $112.71 on Thursday. Brink's Company has a 1 year low of $80.10 and a 1 year high of $115.91. The firm's 50 day moving average price is $97.00 and its 200 day moving average price is $90.98. The firm has a market cap of $4.70 billion, a P/E ratio of 30.46 and a beta of 1.46. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.51 and a current 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 (EPS) for the quarter, topping 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 firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business earned $1.67 earnings per share. Brink's's revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

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 given a dividend of $0.255 per share. The ex-dividend date is Monday, July 28th. This represents a $1.02 dividend on an annualized basis and a 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.

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