Oliver Luxxe Assets LLC Decreases Position in Brink's Company (The) $BCO

Key Points

• Oliver Luxxe Assets LLC reduced its stake in Brink's Company by 35.4%, selling 10,442 shares, and currently owns 19,043 shares valued at approximately $1.64 million.
• Brink's stock received a rating upgrade from Wall Street Zen, moving from a "hold" to a "strong-buy", with a current consensus rating of "Buy" and an average target price of $138.00.
• The company reported earnings of $1.79 per share for the last quarter, exceeding analyst expectations of $1.43, with a revenue increase of 3.8% year-over-year.

Oliver Luxxe Assets LLC decreased its position in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 35.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,043 shares of the business services provider's stock after selling 10,442 shares during the quarter. Oliver Luxxe Assets LLC's holdings in Brink's were worth $1,641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. boosted its holdings 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 worth $46,000 after buying an additional 130 shares in the last quarter. 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 worth $440,000 after buying an additional 135 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Brink's by 0.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 39,207 shares of the business services provider's stock worth $3,632,000 after acquiring an additional 142 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in 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 acquiring an additional 151 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Brink's

In other news, Director Arthelbert Louis Parker sold 540 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total value of $62,100.00. Following the sale, the director directly owned 6,603 shares of the company's stock, valued at $759,345. The trade was a 7.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel J. Castillo sold 21,700 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $109.70, for a total value of $2,380,490.00. Following the transaction, the executive vice president directly owned 22,188 shares of the company's stock, valued at approximately $2,434,023.60. This trade represents a 49.44% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,058 shares of company stock worth $2,946,513. Insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Brink's currently has an average rating of "Buy" and a consensus target price of $138.00.

Brink's Stock Down 0.4%

Brink's stock traded down $0.49 during trading hours on Thursday, hitting $111.96. 196,684 shares of the stock traded hands, compared to its average volume of 315,753. Brink's Company has a one year low of $80.10 and a one year high of $115.91. The firm's 50-day moving average price is $97.00 and its two-hundred day moving average price is $90.98. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.84. The company has a market cap of $4.66 billion, a PE ratio of 30.26 and a beta of 1.46.

Brink's (NYSE:BCO - Get Free Report) last released its earnings results on Wednesday, August 6th. The business services provider reported $1.79 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.36. Brink's had a return on equity of 86.86% and a net margin of 3.21%.The company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter last year, the business posted $1.67 EPS. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, research analysts forecast 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. Investors 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 (DPR) is 27.57%.

About Brink's

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.