Ellsworth Advisors LLC Invests $1.55 Million in Brink's Company (The) $BCO

Key Points

• Ellsworth Advisors LLC has invested approximately $1.55 million in Brink's Company by acquiring 17,930 shares in the first quarter.
• Brink's reported $1.79 earnings per share (EPS) in its latest quarterly earnings, surpassing analyst estimates of $1.43, and showing a yearly revenue increase of 3.8%.
• Wall Street analysts maintained a "Buy" rating on Brink's stock, recently upgrading it to a "strong-buy" with a consensus target price of $138.00.

Ellsworth Advisors LLC acquired a new position in Brink's Company (The) (NYSE:BCO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,930 shares of the business services provider's stock, valued at approximately $1,545,000.

Several other institutional investors have also recently made changes to their positions in the stock. Xponance Inc. raised its stake in shares of Brink's by 2.0% in the first quarter. Xponance Inc. now owns 6,372 shares of the business services provider's stock worth $549,000 after buying an additional 128 shares during the period. Hexagon Capital Partners LLC raised its stake in shares of Brink's by 32.0% in 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 during the period. State of Alaska Department of Revenue grew its position in shares of 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 in the last quarter. GAMMA Investing LLC grew its position in shares of 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 in the last quarter. Finally, First Horizon Advisors Inc. grew its position 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 purchasing an additional 174 shares in the last quarter. Institutional investors own 94.96% of the company's stock.

Insider Buying and Selling at Brink's

In other Brink's news, insider Michael E. Sweeney sold 1,314 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $99.05, for a total transaction of $130,151.70. Following the completion of the transaction, the insider owned 10,326 shares in the company, valued at $1,022,790.30. This trade represents a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Castillo sold 21,700 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $109.70, for a total transaction of $2,380,490.00. Following the transaction, the executive vice president owned 22,188 shares of the company's stock, valued at $2,434,023.60. This trade represents a 49.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,058 shares of company stock worth $2,946,513 over the last three months. 0.49% of the stock is owned by company insiders.

Brink's Stock Performance

NYSE:BCO opened at $114.25 on Thursday. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.51 and a quick ratio of 1.51. Brink's Company has a 1 year low of $80.10 and a 1 year high of $115.91. The stock's 50 day simple moving average is $101.87 and its two-hundred day simple moving average is $92.38. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 30.88 and a beta of 1.48.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.36. Brink's had a return on equity of 86.86% and a net margin of 3.21%.The business had revenue of $1.30 billion for 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 company's revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts anticipate that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th were given a dividend of $0.255 per share. The ex-dividend date was 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%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded 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, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price 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.

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