Oliver Luxxe Assets LLC Sells 10,442 Shares of 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 trimmed its position in Brink's Company (The) (NYSE:BCO - Free Report) by 35.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 19,043 shares of the business services provider's stock after selling 10,442 shares during the period. Oliver Luxxe Assets LLC's holdings in Brink's were worth $1,641,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BCO. Nomura Holdings Inc. bought a new position in shares of Brink's during the 4th quarter valued at approximately $536,000. Principal Financial Group Inc. lifted its stake in Brink's by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 126,741 shares of the business services provider's stock worth $10,920,000 after purchasing an additional 1,441 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Brink's by 16.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 67,086 shares of the business services provider's stock worth $5,959,000 after purchasing an additional 9,541 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Brink's by 16.2% during the 1st quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock worth $93,000 after acquiring an additional 151 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Brink's by 26.1% during the 1st quarter. KBC Group NV now owns 2,170 shares of the business services provider's stock worth $187,000 after acquiring an additional 449 shares during the last quarter. 94.96% of the stock is owned by institutional investors.

Brink's Stock Down 0.9%

Shares of NYSE BCO traded down $1.05 during midday trading on Friday, hitting $111.02. The stock had a trading volume of 65,191 shares, compared to its average volume of 314,191. The business's 50 day moving average is $97.49 and its 200-day moving average is $91.11. The company has a market cap of $4.63 billion, a P/E ratio of 30.00 and a beta of 1.46. Brink's Company has a 52 week low of $80.10 and a 52 week high of $115.91. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.84.

Brink's (NYSE:BCO - Get Free Report) last issued its earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.36. The firm had revenue of $1.30 billion for 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 business's revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 earnings per share. As a group, analysts predict 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. Shareholders 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 yield of 0.9%. Brink's's dividend payout ratio (DPR) is presently 27.57%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Brink's

In other Brink's news, insider Michael E. Sweeney sold 1,314 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $99.05, for a total value of $130,151.70. Following the transaction, the insider directly owned 10,326 shares in the company, valued at approximately $1,022,790.30. This trade represents a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Castillo sold 21,700 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $109.70, for a total transaction of $2,380,490.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,058 shares of company stock valued at $2,946,513 over the last three months. Insiders own 0.49% of the company's stock.

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.