Knights of Columbus Asset Advisors LLC Reduces Holdings in Brink’s Company (The) $BCO

Knights of Columbus Asset Advisors LLC lessened its position in shares of Brink’s Company (The) (NYSE:BCO) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,354 shares of the business services provider’s stock after selling 436 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Brink’s were worth $2,353,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BCO. Nuveen LLC purchased a new position in shares of Brink’s during the 1st quarter valued at $9,929,000. Ariel Investments LLC lifted its position in shares of Brink’s by 8.7% during the 1st quarter. Ariel Investments LLC now owns 1,394,284 shares of the business services provider’s stock valued at $120,132,000 after buying an additional 112,180 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Brink’s by 9,914.9% during the 1st quarter. GAMMA Investing LLC now owns 93,139 shares of the business services provider’s stock valued at $8,025,000 after buying an additional 92,209 shares during the last quarter. Channing Capital Management LLC lifted its position in shares of Brink’s by 7.6% during the 1st quarter. Channing Capital Management LLC now owns 890,700 shares of the business services provider’s stock valued at $76,743,000 after buying an additional 62,676 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Brink’s by 8.2% during the 1st quarter. Victory Capital Management Inc. now owns 488,452 shares of the business services provider’s stock valued at $42,085,000 after buying an additional 37,142 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Price Performance

NYSE:BCO opened at $114.84 on Tuesday. Brink’s Company has a 52-week low of $80.10 and a 52-week high of $118.60. The stock has a fifty day moving average of $109.90 and a 200 day moving average of $95.90. 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 firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 31.04 and a beta of 1.44.

Brink’s (NYSE:BCO) last announced its earnings results 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 business had revenue of $1.30 billion for 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%.The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. On average, research analysts expect that Brink’s Company will post 6.49 EPS for the current fiscal year.

Brink’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 3rd will be given a dividend of $0.255 per share. The ex-dividend date is Monday, November 3rd. This represents a $1.02 annualized dividend and a yield of 0.9%. Brink’s’s payout ratio is presently 27.57%.

Insider Activity at Brink’s

In related news, EVP Daniel J. Castillo sold 21,700 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $109.70, for a total value of $2,380,490.00. Following the completion of the transaction, the executive vice president directly owned 22,188 shares in the company, valued at approximately $2,434,023.60. The trade was a 49.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael E. Sweeney sold 1,314 shares of Brink’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $99.05, for a total value of $130,151.70. Following the sale, the insider directly owned 10,326 shares of the company’s stock, valued at approximately $1,022,790.30. This trade represents a 11.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,570 shares of company stock worth $2,900,153 in the last 90 days. 0.72% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BCO shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Brink’s in a research note on Saturday, September 27th. Wall Street Zen upgraded Brink’s from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

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.