Corient IA LLC Buys Shares of 3,500 Brink's Company (The) $BCO

Key Points

• Corient IA LLC has made a new investment in Brink's Company, acquiring 3,500 shares valued at approximately $302,000 during the 1st quarter.
• Brink's recently reported quarterly earnings of $1.79 per share, surpassing estimates of $1.43, with a revenue increase of 3.8% year-over-year to $1.30 billion.
• Insiders have sold a total of 5,358 shares, valuing around $566,023 over the last quarter, indicating significant insider trading activity.

Corient IA LLC acquired a new stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,500 shares of the business services provider's stock, valued at approximately $302,000.

Other hedge funds have also made changes to their positions in the company. Nomura Holdings Inc. acquired a new position in shares of Brink's during the fourth quarter valued at approximately $536,000. Principal Financial Group Inc. grew its position in Brink's by 1.2% in the first quarter. Principal Financial Group Inc. now owns 126,741 shares of the business services provider's stock worth $10,920,000 after buying an additional 1,441 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Brink's by 16.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 67,086 shares of the business services provider's stock worth $5,959,000 after buying an additional 9,541 shares during the last quarter. GAMMA Investing LLC grew its position 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 worth $93,000 after buying an additional 151 shares during the last quarter. Finally, KBC Group NV grew its position in Brink's by 26.1% in the first quarter. KBC Group NV now owns 2,170 shares of the business services provider's stock worth $187,000 after buying an additional 449 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Arthelbert Louis Parker sold 540 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 value of $62,100.00. Following the completion of the transaction, the director owned 6,603 shares of the company's stock, valued at approximately $759,345. This trade represents a 7.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Keith R. Wyche sold 475 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $106.15, for a total transaction of $50,421.25. Following the completion of the transaction, the director directly owned 3,682 shares of the company's stock, valued at $390,844.30. This represents a 11.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,058 shares of company stock worth $2,946,513. Company insiders own 0.49% of the company's stock.

Brink's Trading Up 2.9%

Brink's stock traded up $3.2320 during midday trading on Friday, reaching $113.1820. The stock had a trading volume of 393,347 shares, compared to its average volume of 382,081. The firm's fifty day simple moving average is $95.43 and its two-hundred day simple moving average is $90.55. Brink's Company has a twelve month low of $80.10 and a twelve month high of $115.91. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 30.59 and a beta of 1.46.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business posted $1.67 EPS. The company's revenue was up 3.8% on a year-over-year basis. Equities 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. Investors of record on Monday, July 28th will be paid 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 dividend payout ratio (DPR) is currently 27.57%.

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.