Hancock Whitney Corp Decreases Stake in Brink's Company (The) $BCO

Key Points

• Hancock Whitney Corp reduced its holdings in Brink's Company by 32%, selling 2,383 shares and ending with 5,055 shares valued at $436,000.
• Brink's received a rating upgrade from "hold" to "strong-buy" by Wall Street Zen, with a consensus "Buy" rating and an average target price of $138.00.
• Brink's reported a quarterly revenue of $1.30 billion, exceeding estimates, and earnings per share of $1.79, which is higher than last year’s $1.67.

Hancock Whitney Corp trimmed its position in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 32.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,055 shares of the business services provider's stock after selling 2,383 shares during the period. Hancock Whitney Corp's holdings in Brink's were worth $436,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BCO. UMB Bank n.a. raised its stake in shares of Brink's by 1,450.0% in the first quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock valued at $43,000 after purchasing an additional 464 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in Brink's by 32.0% in the first quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock valued at $46,000 after acquiring an additional 130 shares during the period. First Horizon Advisors Inc. boosted its stake in Brink's by 20.2% in the 1st 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 during the period. GAMMA Investing LLC raised its holdings in shares of Brink's by 16.2% in the first quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock valued at $93,000 after purchasing an additional 151 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in Brink's by 102.2% during the first quarter. Golden State Wealth Management LLC now owns 1,205 shares of the business services provider's stock valued at $104,000 after purchasing an additional 609 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.

Brink's Trading Down 0.2%

Shares of BCO stock traded down $0.18 on Friday, reaching $117.34. 28,160 shares of the stock were exchanged, compared to its average volume of 314,231. The stock has a market cap of $4.89 billion, a P/E ratio of 31.74 and a beta of 1.48. 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 firm has a 50 day moving average of $102.33 and a two-hundred day moving average of $92.55. Brink's Company has a 1-year low of $80.10 and a 1-year high of $117.65.

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 analysts' consensus estimates of $1.43 by $0.36. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.27 billion. Brink's had a return on equity of 86.86% and a net margin of 3.21%.The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 EPS. On average, research analysts anticipate that Brink's Company will post 6.49 EPS for the current year.

Brink's Announces Dividend

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

Insider Transactions at Brink's

In related news, Director Arthelbert Louis Parker sold 540 shares of the company's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total transaction of $62,100.00. Following the completion of the sale, the director directly owned 6,603 shares of the company's stock, valued at approximately $759,345. This represents a 7.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael E. Sweeney sold 746 shares of the company's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total transaction of $85,790.00. Following the sale, the insider directly owned 7,785 shares of the company's stock, valued at approximately $895,275. This trade represents a 8.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,058 shares of company stock valued at $2,946,513. Corporate insiders own 0.49% of the company's stock.

Analyst Ratings Changes

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

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.