Cetera Investment Advisers Purchases 4,914 Shares of Brink's Company (The) $BCO

Key Points

• Cetera Investment Advisers increased its position in Brink's Company by 179.9%, acquiring 4,914 shares to reach a total of 7,646 shares valued at approximately $659,000.
• Brink's reported a quarterly earnings per share (EPS) of $1.79, exceeding analysts' expectations of $1.43, and had revenue of $1.30 billion for the quarter.
• The company declared a quarterly dividend of $0.255 per share, which will be paid on September 2nd, translating to an annual yield of 0.9%.

Cetera Investment Advisers raised its position in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 179.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,646 shares of the business services provider's stock after acquiring an additional 4,914 shares during the period. Cetera Investment Advisers' holdings in Brink's were worth $659,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BCO. UMB Bank n.a. boosted its holdings in shares of 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 acquiring an additional 464 shares during the period. Hexagon Capital Partners LLC increased its holdings in shares of Brink's by 32.0% during the first quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock worth $46,000 after buying an additional 130 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Brink's during the fourth quarter worth $56,000. First Horizon Advisors Inc. increased its holdings in shares of 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 buying an additional 174 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Brink's by 16.2% in 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 during the period. Institutional investors own 94.96% of the company's stock.

Brink's Stock Down 0.2%

NYSE BCO traded down $0.2750 during trading hours on Tuesday, hitting $110.3950. The company's stock had a trading volume of 297,691 shares, compared to its average volume of 317,957. Brink's Company has a 52 week low of $80.10 and a 52 week high of $115.91. The company has a market capitalization of $4.60 billion, a PE ratio of 29.85 and a beta of 1.46. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.84. The company's 50-day simple moving average is $93.33 and its two-hundred day simple moving average is $90.01.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.36. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.27 billion. Brink's had a net margin of 3.21% and a return on equity of 86.86%. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 EPS. Research analysts anticipate that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders 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 annualized dividend and a yield of 0.9%. Brink's's dividend payout ratio (DPR) is 27.57%.

Insider Activity at Brink's

In other news, insider Michael E. Sweeney sold 746 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total transaction of $85,790.00. Following the completion of the sale, 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 SEC, which is available at this hyperlink. Also, Director Arthelbert Louis Parker sold 540 shares of the firm'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 sale, the director owned 6,603 shares of the company's stock, valued at approximately $759,345. The trade was a 7.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,058 shares of company stock worth $2,946,513. 0.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Brink's from a "hold" rating to a "strong-buy" rating in a report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Brink's has a consensus rating of "Buy" and a consensus 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.