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 reduced its holdings in shares of 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 institutional investor owned 20,231 shares of the business services provider's stock after selling 7,377 shares during the period. CenterBook Partners LP's holdings in Brink's were worth $1,743,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its holdings in 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 valued at $43,000 after purchasing an additional 464 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in Brink's by 32.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock valued at $46,000 after purchasing an additional 130 shares during the last quarter. Aquatic Capital Management LLC bought a new position in Brink's during the 4th quarter valued at about $56,000. First Horizon Advisors Inc. raised its stake in shares of 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 worth $89,000 after acquiring an additional 174 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Brink's by 16.2% in the first quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock worth $93,000 after acquiring an additional 151 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink's Stock Down 0.1%

BCO traded down $0.12 on Monday, hitting $105.37. 59,731 shares of the company were exchanged, compared to its average volume of 312,396. 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's fifty day moving average is $90.15 and its 200-day moving average is $89.35. The company has a market cap of $4.43 billion, a PE ratio of 28.49 and a beta of 1.46. 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 released its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.79 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 business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm earned $1.67 earnings per share. Brink's's revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts predict that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Announces Dividend

The business also recently declared 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. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, July 28th. Brink's's dividend payout ratio (DPR) is presently 27.57%.

Insider Buying and Selling at Brink's

In related news, insider Michael E. Sweeney sold 1,000 shares of Brink's stock in a transaction that occurred 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 sale, the insider directly owned 9,326 shares in the company, valued at $967,572.50. This trade represents a 9.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 2,802 shares of company stock valued at $280,262. Company insiders own 0.49% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Brink's from a "hold" rating to a "strong-buy" rating in a research note on Sunday.

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.