Charles Schwab Investment Management Inc. Purchases 4,524 Shares of Brink's Company (The) $BCO

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Brink's Company by 0.8%, owning 546,372 shares valued at approximately $47 million after purchasing additional shares during the 1st quarter.
• Brink's reported earnings of $1.79 per share for the most recent quarter, exceeding analysts' expectations, with revenue rising by 3.8% year-over-year to $1.30 billion.
• The company's stock was upgraded from a "hold" to a "strong-buy" rating by Wall Street Zen on August 10th, indicating increased confidence in its performance.

Charles Schwab Investment Management Inc. boosted its stake in Brink's Company (The) (NYSE:BCO - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 546,372 shares of the business services provider's stock after acquiring an additional 4,524 shares during the period. Charles Schwab Investment Management Inc. owned 1.26% of Brink's worth $47,075,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its position 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 valued at $43,000 after buying an additional 464 shares during the period. Hexagon Capital Partners LLC lifted its position 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 valued at $46,000 after buying an additional 130 shares during the period. Aquatic Capital Management LLC purchased a new position in Brink's during the fourth quarter valued at $56,000. First Horizon Advisors Inc. lifted its position 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 valued at $89,000 after buying an additional 174 shares during the period. Finally, GAMMA Investing LLC lifted its position 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 during the period. Hedge funds and other institutional investors own 94.96% of the company's stock.

Insiders Place Their Bets

In other Brink's news, Director Keith R. Wyche sold 475 shares of the business'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 owned 3,682 shares of the company's stock, valued at approximately $390,844.30. The trade was a 11.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Castillo sold 21,700 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $109.70, for a total value of $2,380,490.00. Following the completion of the transaction, the executive vice president directly owned 22,188 shares of the company's stock, 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 sold a total of 27,058 shares of company stock worth $2,946,513 in the last 90 days. Corporate insiders own 0.72% of the company's stock.

Brink's Stock Down 0.5%

Shares of BCO traded down $0.54 during trading hours on Wednesday, hitting $110.21. The company had a trading volume of 78,032 shares, compared to its average volume of 317,472. The firm has a fifty day moving average price of $93.84 and a 200-day moving average price of $90.15. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 29.82 and a beta of 1.46. Brink's Company has a 52-week low of $80.10 and a 52-week high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last issued its 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. Brink's had a return on equity of 86.86% and a net margin of 3.21%.The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm earned $1.67 EPS. Brink's's revenue was up 3.8% on a year-over-year basis. On average, equities research analysts forecast that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be given a $0.255 dividend. The ex-dividend date of this dividend is Monday, July 28th. This represents a $1.02 dividend on an annualized basis and a yield of 0.9%. Brink's's payout ratio 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 report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $138.00.

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.