Zuckerman Investment Group LLC Sells 5,239 Shares of Brink's Company (The) $BCO

Key Points

• Zuckerman Investment Group LLC reduced its holdings in Brink's Company by 4.4%, owning approximately $9.86 million worth of shares after selling 5,239 during the first quarter.
• Brink's reported a quarterly earnings of $1.79 per share, exceeding estimates of $1.43, and had revenue of $1.30 billion, up 3.8% year-over-year.
• The company declared a quarterly dividend of $0.255, providing an annual yield of 0.9%, with a payout ratio of 27.57%.

Zuckerman Investment Group LLC reduced its position in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 114,457 shares of the business services provider's stock after selling 5,239 shares during the quarter. Zuckerman Investment Group LLC owned about 0.26% of Brink's worth $9,862,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BCO. UMB Bank n.a. raised its stake in Brink's by 1,450.0% during the 1st quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock worth $43,000 after buying an additional 464 shares during the period. Hexagon Capital Partners LLC boosted its position in shares of Brink's by 32.0% during the first quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock valued at $46,000 after buying an additional 130 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in Brink's during the fourth quarter worth $56,000. First Horizon Advisors Inc. grew its holdings in Brink's by 20.2% during the first quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock worth $89,000 after buying an additional 174 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Brink's by 16.2% during the first quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock worth $93,000 after buying an additional 151 shares in the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Brink's Stock Down 0.1%

Brink's stock traded down $0.10 during trading on Friday, hitting $111.98. 354,226 shares of the company were exchanged, compared to its average volume of 385,423. The company has a market capitalization of $4.66 billion, a P/E ratio of 30.26 and a beta of 1.46. 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 business's 50 day moving average is $98.01 and its 200 day moving average is $91.23. Brink's Company has a 52 week low of $80.10 and a 52 week high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last released its earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (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 analyst estimates of $1.27 billion. Brink's had a return on equity of 86.86% and a net margin of 3.21%.Brink's's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share. Analysts predict that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th will be issued 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 currently 27.57%.

Insiders Place Their Bets

In other news, 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 completion of the transaction, the insider directly owned 10,326 shares of the company's stock, valued at $1,022,790.30. This represents a 11.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Arthelbert Louis Parker sold 540 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total value of $62,100.00. Following the completion of the transaction, the director directly owned 6,603 shares of the company's stock, valued at approximately $759,345. This represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,058 shares of company stock valued at $2,946,513. 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.