Nuveen LLC Makes New Investment in Brink's Company (The) $BCO

Key Points

• Nuveen LLC acquired a stake in Brink's Company, purchasing 115,240 shares valued at approximately $9.9 million, representing about 0.27% of the company's total shares.
• Insider Michael E. Sweeney sold 1,314 shares and EVP Daniel J. Castillo sold 21,700 shares, reducing their holdings by 11.29% and 49.44%, respectively, over the recent months.
• Brink's has achieved a strong-buy rating from Wall Street Zen, with an average target price of $138.00, following the reporting of positive quarterly earnings that exceeded analyst expectations.

Nuveen LLC bought a new position in shares of Brink's Company (The) (NYSE:BCO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 115,240 shares of the business services provider's stock, valued at approximately $9,929,000. Nuveen LLC owned approximately 0.27% of Brink's at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BCO. UMB Bank n.a. increased 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 buying an additional 464 shares during the period. Hexagon Capital Partners LLC increased 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 valued at $46,000 after buying an additional 130 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of Brink's in the fourth quarter valued at approximately $56,000. First Horizon Advisors Inc. increased its stake 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 valued at $89,000 after buying an additional 174 shares during the period. Finally, GAMMA Investing LLC increased its stake 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 buying an additional 151 shares during the period. Institutional investors and hedge funds own 94.96% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Brink's news, insider Michael E. Sweeney sold 746 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 7,785 shares in the company, valued at approximately $895,275. This represents a 8.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith R. Wyche sold 475 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $106.15, for a total value of $50,421.25. Following the transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 27,058 shares of company stock worth $2,946,513. 0.49% of the stock is owned by company insiders.

Brink's Trading Down 0.4%

NYSE:BCO traded down $0.49 on Thursday, reaching $111.96. 196,684 shares of the stock traded hands, compared to its average volume of 389,008. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 30.26 and a beta of 1.46. The company's 50 day moving average is $97.49 and its 200-day moving average is $91.11. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.84. Brink's Company has a 1-year low of $80.10 and a 1-year high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last released its earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, beating 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 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 in the prior year, the firm posted $1.67 EPS. Equities research analysts anticipate that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, July 28th. Brink's's dividend payout ratio is currently 27.57%.

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.