CenterBook Partners LP Sells 7,377 Shares of Brink's Company (The) (NYSE:BCO)

Key Points

• CenterBook Partners LP has reduced its stake in Brink's Company by 26.7%, selling 7,377 shares, leaving them with a total of 20,231 shares valued at approximately $1.74 million.
• UMB Bank increased its stake in Brink's by an impressive 1,450.0%, now holding 496 shares worth $43,000.
• Brink's recently reported earnings per share of $1.79, surpassing analyst expectations of $1.43, along with a revenue of $1.30 billion for the quarter.

CenterBook Partners LP lessened its stake in Brink's Company (The) (NYSE:BCO - Free Report) by 26.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,231 shares of the business services provider's stock after selling 7,377 shares during the quarter. CenterBook Partners LP's holdings in Brink's were worth $1,743,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in Brink's by 12.0% in the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock valued at $441,125,000 after buying an additional 510,389 shares during the period. Ariel Investments LLC increased its stake in shares of Brink's by 12.3% during the 4th quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock worth $118,941,000 after purchasing an additional 140,895 shares during the last quarter. Northern Trust Corp increased its stake in shares of 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 purchasing an additional 75,138 shares during the last quarter. Southernsun Asset Management LLC increased its stake in shares of Brink's by 15.4% during the 4th quarter. Southernsun Asset Management LLC now owns 597,633 shares of the business services provider's stock worth $55,442,000 after purchasing an additional 79,701 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Brink's by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 546,372 shares of the business services provider's stock worth $47,075,000 after purchasing an additional 4,524 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Brink's Stock Up 0.4%

Shares of BCO traded up $0.38 during mid-day trading on Friday, hitting $105.34. 406,966 shares of the company's stock were exchanged, compared to its average volume of 283,402. The firm has a fifty day moving average of $90.15 and a two-hundred day moving average of $89.39. Brink's Company has a twelve month low of $80.10 and a twelve month high of $115.91. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 28.47 and a beta of 1.46. The company has a quick ratio of 1.52, a current ratio of 1.51 and a debt-to-equity ratio of 9.84.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly 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 company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. Brink's had a net margin of 3.21% and a return on equity of 86.86%. Brink's's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 EPS. On average, sell-side analysts forecast that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, July 28th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, July 28th. Brink's's dividend payout ratio is currently 27.57%.

Insider Activity

In related news, insider Michael E. Sweeney sold 1,000 shares of the company's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $103.75, for a total transaction of $103,750.00. Following the completion of the sale, the insider directly owned 9,326 shares of the company's stock, valued at approximately $967,572.50. This represents a 9.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 2,802 shares of company stock worth $280,262. 0.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Brink's from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

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.