Russell Investments Group Ltd. Acquires 2,458 Shares of Brink's Company (The) $BCO

Key Points

• Russell Investments Group Ltd. increased its stake in Brink's Company by 11.8%, owning 23,279 shares valued at approximately $2.0 million after purchasing an additional 2,458 shares in Q1.
• Wall Street analysts upgraded Brink's Company from a "hold" to a "strong-buy" rating, with a consensus price target of $138.00.
• Brink's reported strong Q2 earnings with an EPS of $1.79, surpassing estimates of $1.43, and an annualized quarterly dividend of $1.02 with a yield of 0.9%.

Russell Investments Group Ltd. raised its holdings in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,279 shares of the business services provider's stock after buying an additional 2,458 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of Brink's worth $2,006,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of Brink's in the 1st quarter valued at about $9,929,000. Ontario Teachers Pension Plan Board bought a new position in shares of Brink's in the first quarter worth approximately $338,000. Charles Schwab Investment Management Inc. raised its stake in Brink's by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 546,372 shares of the business services provider's stock valued at $47,075,000 after purchasing an additional 4,524 shares in the last quarter. Haven Private LLC bought a new stake in Brink's during the first quarter valued at approximately $211,000. Finally, XTX Topco Ltd lifted its position in Brink's by 186.1% during the first quarter. XTX Topco Ltd now owns 12,142 shares of the business services provider's stock valued at $1,046,000 after purchasing an additional 7,898 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.

Insider Activity at Brink's

In other Brink's news, EVP Daniel J. Castillo sold 21,700 shares of Brink's stock in a transaction that occurred 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 sale, the executive vice president directly owned 22,188 shares of the company's stock, valued at approximately $2,434,023.60. The trade was a 49.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael E. Sweeney sold 1,314 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $99.05, for a total value of $130,151.70. Following the transaction, the insider owned 10,326 shares in the company, valued at $1,022,790.30. This trade represents a 11.29% decrease in their position. 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 quarter. Company insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

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

Brink's Trading Down 0.1%

Shares of BCO stock traded down $0.10 on Monday, hitting $111.98. 354,226 shares of the company's stock traded hands, compared to its average volume of 390,694. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 30.26 and a beta of 1.48. The company's fifty day simple moving average is $98.54 and its 200 day simple moving average is $91.34. Brink's Company has a one year low of $80.10 and a one year high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.43 by $0.36. Brink's had a return on equity of 86.86% and a net margin of 3.21%.The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. The company's quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that Brink's Company will post 6.49 EPS for the current year.

Brink's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be issued 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 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.