Nuveen LLC Acquires New Position 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 purchased a new position in shares of Brink's Company (The) (NYSE:BCO - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 115,240 shares of the business services provider's stock, valued at approximately $9,929,000. Nuveen LLC owned 0.27% of Brink's as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ariel Investments LLC boosted its stake in shares of Brink's by 12.3% during the 4th quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock worth $118,941,000 after acquiring an additional 140,895 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Brink's by 210.0% during the 4th quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider's stock worth $18,429,000 after acquiring an additional 134,582 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Brink's by 24.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 481,115 shares of the business services provider's stock worth $44,633,000 after acquiring an additional 95,318 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Brink's by 9,914.9% during the 1st quarter. GAMMA Investing LLC now owns 93,139 shares of the business services provider's stock worth $8,025,000 after acquiring an additional 92,209 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Brink's by 114.1% during the 4th quarter. Wellington Management Group LLP now owns 149,222 shares of the business services provider's stock worth $13,843,000 after acquiring an additional 79,529 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink's Price Performance

Shares of BCO stock traded down $1.1560 during trading hours on Monday, hitting $112.0240. The company's stock had a trading volume of 173,627 shares, compared to its average volume of 390,128. The business has a fifty day moving average of $95.96 and a 200-day moving average of $90.68. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 30.28 and a beta of 1.46. Brink's Company has a twelve month low of $80.10 and a twelve month high of $115.91. 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 (NYSE:BCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.43 by $0.36. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. Brink's had a net margin of 3.21% and a return on equity of 86.86%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 earnings per share. As a group, equities research analysts anticipate that Brink's Company will post 6.49 EPS for the current year.

Brink's Announces Dividend

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

Wall Street Analyst Weigh In

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, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $138.00.

Insider Activity

In related news, Director Keith R. Wyche sold 475 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $106.15, for a total transaction of $50,421.25. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael E. Sweeney sold 1,314 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 10,326 shares in the company, valued at $1,022,790.30. The trade was a 11.29% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,058 shares of company stock worth $2,946,513. 0.72% of the stock is currently owned by corporate insiders.

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.