Ontario Teachers Pension Plan Board Makes New $338,000 Investment in Brink's Company (The) (NYSE:BCO)

Key Points

• The Ontario Teachers Pension Plan Board acquired a new position in Brink's Company, purchasing 3,923 shares valued at approximately $338,000.
• Wall Street analysts upgraded Brink's from a "hold" to a "strong-buy" rating, indicating confidence in the company's future growth.
• Brink's reported quarterly earnings of $1.79 per share, exceeding expectations, with revenues reaching $1.30 billion, reflecting a 3.8% year-over-year increase.

Ontario Teachers Pension Plan Board bought a new position in shares of Brink's Company (The) (NYSE:BCO - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,923 shares of the business services provider's stock, valued at approximately $338,000.

A number of other institutional investors have also made changes to their positions in the business. Russell Investments Group Ltd. boosted its stake in Brink's by 25.8% in the 4th quarter. Russell Investments Group Ltd. now owns 20,821 shares of the business services provider's stock valued at $1,932,000 after purchasing an additional 4,265 shares during the period. Federated Hermes Inc. lifted its position in shares of Brink's by 3.0% during the 4th quarter. Federated Hermes Inc. now owns 23,118 shares of the business services provider's stock valued at $2,145,000 after acquiring an additional 677 shares during the period. Bank of Montreal Can lifted its position in shares of Brink's by 22.9% during the 4th quarter. Bank of Montreal Can now owns 5,869 shares of the business services provider's stock valued at $544,000 after acquiring an additional 1,092 shares during the period. Invesco Ltd. lifted its position in shares of Brink's by 32.1% during the 4th quarter. Invesco Ltd. now owns 339,596 shares of the business services provider's stock valued at $31,504,000 after acquiring an additional 82,451 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Brink's during the 4th quarter valued at $8,257,000. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink's Price Performance

Shares of Brink's stock traded up $2.45 during trading on Wednesday, reaching $111.34. 525,401 shares of the company's stock were exchanged, compared to its average volume of 315,784. 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 1-year low of $80.10 and a 1-year high of $115.91. The company has a market cap of $4.64 billion, a P/E ratio of 30.09 and a beta of 1.46. The firm's 50-day moving average price is $91.16 and its 200 day moving average price is $89.58.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.79 EPS for the quarter, topping 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 in the previous year, the firm earned $1.67 EPS. Brink's's revenue was up 3.8% on a year-over-year basis. As a group, research analysts anticipate that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th will be paid a $0.255 dividend. The ex-dividend date of this dividend 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 presently 27.57%.

Insider Activity

In other Brink's news, 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 approximately $390,844.30. This represents a 11.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael E. Sweeney sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $103.75, for a total value of $103,750.00. Following the completion of the sale, the insider directly owned 9,326 shares of the company's stock, valued at approximately $967,572.50. This trade represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,277 shares of company stock valued at $330,683. Insiders own 0.72% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Brink's from a "hold" rating to a "strong-buy" rating in a research report on Sunday.

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.