Camelot Portfolios LLC Boosts Stock Holdings in Brink’s Company (The) $BCO

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

Several other institutional investors also recently bought and sold shares of BCO. UMB Bank n.a. grew its stake in shares of Brink’s by 1,450.0% during the 1st quarter. UMB Bank n.a. now owns 496 shares of the business services provider’s stock valued at $43,000 after buying an additional 464 shares during the period. Hexagon Capital Partners LLC boosted its position in Brink’s by 32.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider’s stock worth $46,000 after purchasing an additional 130 shares during the period. First Horizon Advisors Inc. boosted its position in Brink’s by 20.2% during the 1st quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider’s stock worth $89,000 after purchasing an additional 174 shares during the period. GAMMA Investing LLC boosted its position in Brink’s by 16.2% during the 1st quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider’s stock worth $93,000 after purchasing an additional 151 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in Brink’s by 102.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,205 shares of the business services provider’s stock worth $104,000 after purchasing an additional 609 shares during the period. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Brink’s

In other news, EVP Daniel J. Castillo sold 21,700 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $109.70, for a total transaction of $2,380,490.00. Following the transaction, the executive vice president directly owned 22,188 shares in the company, valued at approximately $2,434,023.60. This represents a 49.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arthelbert Louis Parker sold 540 shares of the business’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 directly owned 6,603 shares of the company’s stock, valued at approximately $759,345. This trade represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,058 shares of company stock valued at $2,946,513 over the last ninety days. Company insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Brink’s from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $138.00.

Brink’s Stock Performance

Shares of BCO opened at $116.93 on Friday. The company has a market capitalization of $4.87 billion, a PE ratio of 31.60 and a beta of 1.48. Brink’s Company has a one year low of $80.10 and a one year high of $117.99. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.51 and a quick ratio of 1.51. The company’s fifty day moving average price is $107.12 and its 200 day moving average price is $94.55.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.36. Brink’s had a net margin of 3.21% and a return on equity of 86.86%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the firm posted $1.67 EPS. The business’s revenue was up 3.8% compared to the same quarter last year. As a group, analysts expect that Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s Dividend Announcement

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

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.