Brink's Company (The) $BCO Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its holdings in Brink's Company by 4.3%, now owning approximately 4.25 million shares worth about $366 million.
• Brink's recently received a rating upgrade from a "hold" to a "strong-buy" by Wall Street Zen as of August 10th.
• The company announced a quarterly dividend of $0.255 per share, with a dividend yield of 0.9%, payable on September 2nd.

Vanguard Group Inc. lessened its stake in Brink's Company (The) (NYSE:BCO - Free Report) by 4.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,249,496 shares of the business services provider's stock after selling 192,656 shares during the period. Vanguard Group Inc. owned about 9.84% of Brink's worth $366,137,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Nomura Holdings Inc. acquired a new stake in Brink's in the 4th quarter valued at approximately $536,000. Principal Financial Group Inc. increased its holdings 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 valued at $10,920,000 after purchasing an additional 1,441 shares during the last quarter. GAMMA Investing LLC increased its holdings in Brink's by 16.2% in the 1st quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock valued at $93,000 after purchasing an additional 151 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings 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 valued at $5,959,000 after purchasing an additional 9,541 shares during the last quarter. Finally, KBC Group NV increased its holdings in Brink's by 26.1% in the 1st quarter. KBC Group NV now owns 2,170 shares of the business services provider's stock valued at $187,000 after purchasing an additional 449 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded 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, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $138.00.

Insider Activity

In other news, EVP Daniel J. Castillo sold 21,700 shares of Brink's stock in a transaction on Friday, August 15th. The shares were 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. The trade was a 49.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael E. Sweeney sold 746 shares of Brink's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total transaction of $85,790.00. Following the sale, the insider directly owned 7,785 shares of the company's stock, valued at approximately $895,275. This trade represents a 8.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,058 shares of company stock valued at $2,946,513 in the last 90 days. Company insiders own 0.72% of the company's stock.

Brink's Stock Down 0.3%

BCO stock traded down $0.3850 during midday trading on Wednesday, hitting $110.3650. The company's stock had a trading volume of 75,812 shares, compared to its average volume of 317,454. 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 Company has a 52-week low of $80.10 and a 52-week high of $115.91. The firm has a market capitalization of $4.60 billion, a P/E ratio of 29.83 and a beta of 1.46. The firm has a 50-day simple moving average of $93.84 and a 200-day simple moving average of $90.15.

Brink's (NYSE:BCO - Get Free Report) last issued 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 company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.27 billion. Brink's had a net margin of 3.21% and a return on equity of 86.86%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.67 EPS. As a group, equities analysts forecast that Brink's Company will post 6.49 EPS for the current year.

Brink's Announces Dividend

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

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.