Corient IA LLC Invests $302,000 in 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 purchased a new stake in Brink's Company (The) (NYSE:BCO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,500 shares of the business services provider's stock, valued at approximately $302,000.

A number of other large investors have also modified their holdings of BCO. Xponance Inc. increased its position in Brink's by 2.0% during the first quarter. Xponance Inc. now owns 6,372 shares of the business services provider's stock worth $549,000 after purchasing an additional 128 shares during the last quarter. Hexagon Capital Partners LLC increased its position in 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 purchasing an additional 130 shares during the last quarter. State of Alaska Department of Revenue increased its position in Brink's by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 5,112 shares of the business services provider's stock worth $440,000 after purchasing an additional 135 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Brink's by 0.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 39,207 shares of the business services provider's stock worth $3,632,000 after purchasing an additional 142 shares during the last quarter. Finally, GAMMA Investing LLC increased its position 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 worth $93,000 after purchasing an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Analyst Upgrades and Downgrades

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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $138.00.

Brink's Trading Up 2.9%

BCO traded up $3.2320 on Friday, hitting $113.1820. The company had a trading volume of 392,019 shares, compared to its average volume of 317,026. The firm has a market cap of $4.72 billion, a P/E ratio of 30.59 and a beta of 1.46. Brink's Company has a 1 year low of $80.10 and a 1 year high of $115.91. The company's fifty day moving average price is $94.85 and its 200 day moving average price is $90.41. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.84.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.36. The firm 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 revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 EPS. As a group, equities analysts expect that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, July 28th. Brink's's payout ratio is currently 27.57%.

Insider Transactions at Brink's

In other Brink's news, insider Michael E. Sweeney sold 1,314 shares of Brink's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $99.05, for a total value of $130,151.70. Following the completion of the transaction, the insider directly owned 10,326 shares of the company's stock, valued at $1,022,790.30. The trade was a 11.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keith R. Wyche sold 475 shares of Brink'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 transaction, the director directly owned 3,682 shares of the company's stock, valued at approximately $390,844.30. This represents a 11.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,058 shares of company stock valued at $2,946,513. 0.49% of the stock is owned by insiders.

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.