Brink’s Company (The) (NYSE:BCO) Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in shares of Brink’s Company (The) (NYSE:BCO) by 2.5% in the first quarter, Holdings Channel reports. The institutional investor owned 84,600 shares of the business services provider’s stock after selling 2,200 shares during the quarter. Swiss National Bank’s holdings in Brink’s were worth $7,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BCO. Russell Investments Group Ltd. increased its holdings in shares of Brink’s by 25.8% during the 4th quarter. Russell Investments Group Ltd. now owns 20,821 shares of the business services provider’s stock worth $1,932,000 after buying an additional 4,265 shares during the last quarter. Bank of Montreal Can increased its holdings 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 worth $544,000 after buying an additional 1,092 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Brink’s during the 4th quarter worth approximately $8,257,000. Barclays PLC boosted its position in shares of Brink’s by 25.3% during the 4th quarter. Barclays PLC now owns 102,581 shares of the business services provider’s stock worth $9,516,000 after purchasing an additional 20,703 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Brink’s during the 4th quarter worth approximately $394,000. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Stock Performance

NYSE:BCO opened at $110.08 on Friday. 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 $4.59 billion, a P/E ratio of 29.75 and a beta of 1.46. The company has a 50 day moving average price of $92.80 and a 200 day moving average price of $89.93. Brink’s Company has a fifty-two week low of $80.10 and a fifty-two week high of $115.91.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.36. The firm 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 quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $1.67 EPS. Equities research analysts forecast 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. This represents a $1.02 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, July 28th. Brink’s’s dividend payout ratio (DPR) is currently 27.57%.

Insider Buying and Selling at Brink’s

In other Brink’s news, insider Michael E. Sweeney sold 1,314 shares of the firm’s 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 completion of the transaction, the insider owned 10,326 shares of the company’s stock, valued at $1,022,790.30. This trade represents a 11.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Arthelbert Louis Parker sold 540 shares of the firm’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 transaction of $62,100.00. Following the completion of the transaction, the director directly owned 6,603 shares of the company’s stock, valued at $759,345. This represents a 7.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,358 shares of company stock valued at $566,023 in the last 90 days. Company insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Brink’s from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 10th.

Brink’s Company 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.