Intech Investment Management LLC Acquires 3,749 Shares of Brink's Company (The) $BCO

Key Points

• Intech Investment Management LLC increased its stake in Brink's Company by 12.8%, acquiring an additional 3,749 shares, bringing its total holdings to 32,971 shares. This investment is valued at approximately $2.84 million.
• Brink's recently reported earnings of $1.79 EPS, surpassing estimates by $0.36, with revenue of $1.30 billion reflecting a 3.8% year-over-year growth.
• The company announced a quarterly dividend of $0.255, reflecting an annualized rate of $1.02 and a dividend yield of 0.9%.

Intech Investment Management LLC increased its holdings in Brink's Company (The) (NYSE:BCO - Free Report) by 12.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,971 shares of the business services provider's stock after acquiring an additional 3,749 shares during the quarter. Intech Investment Management LLC owned about 0.08% of Brink's worth $2,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased its stake in Brink's by 1,450.0% during the 1st 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 boosted its holdings 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 last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Brink's by 20.2% in the first quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock worth $89,000 after buying an additional 174 shares during the last quarter. GAMMA Investing LLC boosted 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 worth $93,000 after buying an additional 151 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings 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 in the last quarter. 94.96% of the stock is currently owned by institutional investors.

Insider Activity at Brink's

In related news, Director Arthelbert Louis Parker sold 540 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total value of $62,100.00. Following the sale, the director owned 6,603 shares in the company, valued at approximately $759,345. The trade was a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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. This represents a 11.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,058 shares of company stock worth $2,946,513. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of 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, Brink's presently has an average rating of "Buy" and an average price target of $138.00.

Brink's Price Performance

Shares of Brink's stock traded down $1.19 on Friday, hitting $113.77. 988,116 shares of the company traded hands, compared to its average volume of 268,043. The stock has a market capitalization of $4.74 billion, a P/E ratio of 30.75 and a beta of 1.48. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.51 and a current ratio of 1.51. Brink's Company has a 52 week low of $80.10 and a 52 week high of $117.99. The business has a 50-day simple moving average of $104.81 and a 200 day simple moving average of $93.50.

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, beating the consensus estimate of $1.43 by $0.36. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.27 billion. Brink's had a net margin of 3.21% and a return on equity of 86.86%. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 earnings per share. Research analysts expect that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 3rd will be given a dividend of $0.255 per share. The ex-dividend date is Monday, November 3rd. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. Brink's's dividend payout ratio (DPR) is presently 27.57%.

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.