Swiss National Bank Lowers Stake in Brink’s Company (The) (NYSE:BCO)

Swiss National Bank reduced its position in shares of Brink’s Company (The) (NYSE:BCO) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 owned 0.20% of Brink’s worth $7,289,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BCO. Russell Investments Group Ltd. boosted its stake 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 acquiring an additional 4,265 shares in the last quarter. Bank of Montreal Can lifted its stake in Brink’s by 22.9% in the 4th quarter. Bank of Montreal Can now owns 5,869 shares of the business services provider’s stock valued at $544,000 after buying an additional 1,092 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Brink’s in the 4th quarter valued at about $8,257,000. Barclays PLC lifted its stake in Brink’s by 25.3% in the 4th quarter. Barclays PLC now owns 102,581 shares of the business services provider’s stock valued at $9,516,000 after buying an additional 20,703 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Brink’s in the 4th quarter valued at about $394,000. 94.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Brink’s Trading Down 1.1%

Shares of Brink’s stock opened at $110.08 on Friday. The firm has a market capitalization of $4.59 billion, a PE ratio of 29.75 and a beta of 1.46. Brink’s Company has a twelve month low of $80.10 and a twelve month high of $115.91. The firm’s 50-day moving average price is $92.80 and its 200 day moving average price is $89.93. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.84.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.36. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.27 billion. Brink’s had a net margin of 3.21% and a return on equity of 86.86%. Brink’s’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 EPS. On average, sell-side analysts predict that Brink’s Company will post 6.49 EPS for the current fiscal year.

Brink’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be issued a $0.255 dividend. The ex-dividend date is Monday, July 28th. This represents a $1.02 dividend on an annualized basis and a yield of 0.9%. Brink’s’s dividend payout ratio is presently 27.57%.

Insider Buying and Selling at Brink’s

In other Brink’s news, insider Michael E. Sweeney sold 746 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $115.00, for a total value of $85,790.00. Following the completion of the sale, the insider owned 7,785 shares in the company, valued at approximately $895,275. This represents a 8.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arthelbert Louis Parker sold 540 shares of the stock in a transaction dated 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 sale, the director owned 6,603 shares of the company’s stock, valued at approximately $759,345. The trade was a 7.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,358 shares of company stock worth $566,023. Insiders own 0.49% of the company’s stock.

About Brink’s

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.