Ellsworth Advisors LLC Purchases Shares of 17,930 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 stake in Brink's Company (The) (NYSE:BCO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 17,930 shares of the business services provider's stock, valued at approximately $1,545,000.

A number of other institutional investors have also recently bought and sold shares of the business. Xponance Inc. grew its stake in Brink's by 2.0% in the 1st quarter. Xponance Inc. now owns 6,372 shares of the business services provider's stock valued at $549,000 after purchasing an additional 128 shares during the period. Hexagon Capital Partners LLC grew 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 valued at $46,000 after buying an additional 130 shares during the period. State of Alaska Department of Revenue grew 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 valued at $440,000 after buying an additional 135 shares during the period. GAMMA Investing LLC grew its position in shares of Brink's by 16.2% during the 1st quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock valued at $93,000 after acquiring an additional 151 shares during the period. Finally, First Horizon Advisors Inc. grew its position in shares of Brink's by 20.2% during the 1st quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock valued at $89,000 after acquiring an additional 174 shares during the period. Institutional investors own 94.96% of the company's stock.

Brink's Stock Performance

NYSE:BCO traded down $0.97 on Tuesday, reaching $114.22. 60,652 shares of the company's stock were exchanged, compared to its average volume of 313,164. 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 $4.76 billion, a price-to-earnings ratio of 30.86 and a beta of 1.48. Brink's Company has a 52 week low of $80.10 and a 52 week high of $117.65. The stock has a fifty day simple moving average of $103.17 and a 200-day simple moving average of $92.82.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.43 by $0.36. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $1.67 EPS. As a group, sell-side analysts predict that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, July 28th. Brink's's dividend payout ratio (DPR) is presently 27.57%.

Insider Buying and Selling

In other Brink's news, EVP Daniel J. Castillo sold 21,700 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $109.70, for a total value of $2,380,490.00. Following the completion of the transaction, the executive vice president owned 22,188 shares in the company, valued at $2,434,023.60. This trade represents a 49.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith R. Wyche sold 475 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $106.15, for a total value of $50,421.25. Following the completion of the transaction, the director owned 3,682 shares of the company's stock, valued at approximately $390,844.30. This represents a 11.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,058 shares of company stock valued at $2,946,513 over the last three months. Insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

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