Knights of Columbus Asset Advisors LLC Sells 436 Shares of Brink’s Company (The) $BCO

Knights of Columbus Asset Advisors LLC decreased its position in shares of Brink’s Company (The) (NYSE:BCO) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,354 shares of the business services provider’s stock after selling 436 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.06% of Brink’s worth $2,353,000 as of its most recent filing with the Securities & Exchange Commission.

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

Brink’s Stock Up 0.0%

Shares of NYSE:BCO opened at $114.84 on Tuesday. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 31.04 and a beta of 1.44. 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 12-month low of $80.10 and a 12-month high of $118.60. The business’s 50 day moving average is $109.90 and its 200 day moving average is $95.90.

Brink’s (NYSE:BCO) last announced 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. Brink’s had a return on equity of 86.86% and a net margin of 3.21%.The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. Brink’s’s quarterly revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts forecast that Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Announces Dividend

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

Insiders Place Their Bets

In other Brink’s news, Director Arthelbert Louis Parker sold 540 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total value of $62,100.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith R. Wyche sold 475 shares of the business’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $106.15, for a total value of $50,421.25. Following the completion of the transaction, the director directly owned 3,682 shares in the company, valued at approximately $390,844.30. This represents a 11.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,570 shares of company stock worth $2,900,153 in the last ninety days. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on BCO shares. Wall Street Zen upgraded Brink’s from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Brink’s in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Brink’s presently has a consensus rating of “Moderate Buy” and an average price target 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.