Camelot Portfolios LLC Increases Position in Brink’s Company (The) $BCO

Camelot Portfolios LLC lifted its stake in Brink’s Company (The) (NYSE:BCO) by 86.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,342 shares of the business services provider’s stock after buying an additional 2,014 shares during the period. Camelot Portfolios LLC’s holdings in Brink’s were worth $388,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. American Century Companies Inc. boosted its stake in Brink’s by 1.9% during the 1st quarter. American Century Companies Inc. now owns 1,525,099 shares of the business services provider’s stock worth $131,403,000 after purchasing an additional 28,439 shares during the period. Ariel Investments LLC lifted its stake in shares of Brink’s by 8.7% in the 1st quarter. Ariel Investments LLC now owns 1,394,284 shares of the business services provider’s stock worth $120,132,000 after acquiring an additional 112,180 shares during the period. Channing Capital Management LLC lifted its stake in shares of Brink’s by 7.6% in the 1st quarter. Channing Capital Management LLC now owns 890,700 shares of the business services provider’s stock worth $76,743,000 after acquiring an additional 62,676 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Brink’s by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 546,372 shares of the business services provider’s stock worth $47,075,000 after acquiring an additional 4,524 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Brink’s by 3.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 533,038 shares of the business services provider’s stock valued at $45,927,000 after purchasing an additional 15,323 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Insider Buying and Selling at Brink’s

In other news, insider Michael E. Sweeney sold 1,314 shares of Brink’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 transaction, the insider directly owned 10,326 shares of the company’s stock, valued at $1,022,790.30. This trade 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 link. Also, Director Arthelbert Louis Parker sold 540 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total transaction of $62,100.00. Following the sale, the director 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. Over the last 90 days, insiders sold 27,058 shares of company stock worth $2,946,513. 0.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Brink’s currently has a consensus rating of “Buy” and a consensus target price of $138.00.

Brink’s Price Performance

BCO opened at $116.93 on Friday. 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 $117.99. The company has a 50 day moving average of $107.12 and a two-hundred day moving average of $94.55. The company has a market cap of $4.87 billion, a P/E ratio of 31.60 and a beta of 1.48.

Brink’s (NYSE:BCO) last posted its 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. The business had revenue of $1.30 billion for 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 business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 earnings per share. On average, analysts expect that Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 3rd will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. Brink’s’s payout ratio is currently 27.57%.

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.