American Century Companies Inc. Has $131.40 Million Stock Holdings in Brink's Company (The) $BCO

Key Points

• American Century Companies Inc. increased its stake in Brink's Company by 1.9%, owning approximately 3.53% of the company worth $131.4 million after acquiring an additional 28,439 shares.
• In recent transactions, insider directors Arthelbert Louis Parker and Keith R. Wyche sold 540 and 475 shares respectively, indicating a decrease in their holdings.
• Wall Street Zen upgraded Brink's shares from a "hold" to a "strong-buy" rating, signaling increased confidence in the stock's potential performance.

American Century Companies Inc. lifted its position in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 1.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,525,099 shares of the business services provider's stock after purchasing an additional 28,439 shares during the quarter. American Century Companies Inc. owned approximately 3.53% of Brink's worth $131,403,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. UMB Bank n.a. boosted its stake 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 worth $43,000 after buying an additional 464 shares in the last quarter. Hexagon Capital Partners LLC increased 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 acquiring an additional 130 shares during the period. Aquatic Capital Management LLC acquired a new position in Brink's in the fourth quarter worth about $56,000. First Horizon Advisors Inc. lifted its stake 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 worth $89,000 after purchasing an additional 174 shares during the period. Finally, GAMMA Investing LLC boosted its holdings 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 purchasing an additional 151 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Brink's 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 owned 3,682 shares in the company, valued at approximately $390,844.30. This trade represents a 11.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Arthelbert Louis Parker sold 540 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total transaction of $62,100.00. Following the transaction, the director owned 6,603 shares in the company, valued at $759,345. The trade was a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,058 shares of company stock valued at $2,946,513. 0.49% of the stock is owned by corporate insiders.

Brink's Price Performance

Brink's stock traded down $0.91 during trading hours on Wednesday, hitting $109.84. 207,274 shares of the stock were exchanged, compared to its average volume of 318,301. The stock has a market capitalization of $4.58 billion, a P/E ratio of 29.69 and a beta of 1.46. The business's 50-day moving average is $93.84 and its two-hundred day moving average is $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. 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 earnings results on Wednesday, August 6th. The business services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.43 by $0.36. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate 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 was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 EPS. Equities research analysts expect 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. Stockholders of record on Monday, July 28th will be paid 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%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Brink's from a "hold" rating to a "strong-buy" rating in a report on Sunday, August 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Brink's has an average rating of "Buy" and an average price target of $138.00.

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.