Deutsche Bank AG Sells 2,929 Shares of Brink's Company (The) $BCO

Deutsche Bank AG trimmed its holdings in Brink's Company (The) (NYSE:BCO - Free Report) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 274,922 shares of the business services provider's stock after selling 2,929 shares during the quarter. Deutsche Bank AG owned 0.64% of Brink's worth $23,687,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Ariel Investments LLC lifted its position in shares of Brink's by 12.3% in the 4th quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock worth $118,941,000 after acquiring an additional 140,895 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Brink's by 210.0% in the 4th quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider's stock worth $18,429,000 after acquiring an additional 134,582 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of Brink's by 24.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 481,115 shares of the business services provider's stock worth $44,633,000 after acquiring an additional 95,318 shares during the period. GAMMA Investing LLC lifted its position in shares of Brink's by 9,914.9% during the 1st quarter. GAMMA Investing LLC now owns 93,139 shares of the business services provider's stock worth $8,025,000 after buying an additional 92,209 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Brink's during the 4th quarter worth approximately $8,257,000. 94.96% of the stock is owned by institutional investors.

Brink's Price Performance

Brink's stock traded up $0.49 during mid-day trading on Monday, hitting $110.72. 72,796 shares of the company were exchanged, compared to its average volume of 316,388. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.84. The business has a fifty day moving average of $92.80 and a 200 day moving average of $89.88. Brink's Company has a 1-year low of $80.10 and a 1-year high of $115.91. The company has a market capitalization of $4.61 billion, a PE ratio of 29.92 and a beta of 1.46.

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. Brink's had a return on equity of 86.86% and a net margin of 3.21%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $1.67 EPS. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, sell-side analysts expect that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, July 28th. This represents a $1.02 annualized dividend and a yield of 0.9%. Brink's's payout ratio is presently 27.57%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Brink's from a "hold" rating to a "strong-buy" rating in a research note on Sunday, August 10th.

Insider Buying and Selling at Brink's

In other news, Director Keith R. Wyche sold 475 shares of the business's stock in a transaction 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 sale, the director owned 3,682 shares in the company, valued at $390,844.30. The trade was a 11.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arthelbert Louis Parker sold 540 shares of Brink's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $115.00, for a total value of $62,100.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,358 shares of company stock worth $566,023. 0.72% of the stock is currently 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.