Deutsche Bank AG Has $23.69 Million Holdings in Brink’s Company (The) (NYSE:BCO)

Deutsche Bank AG lessened its position in shares of Brink’s Company (The) (NYSE:BCO) by 1.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 274,922 shares of the business services provider’s stock after selling 2,929 shares during the quarter. Deutsche Bank AG’s holdings in Brink’s were worth $23,687,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BCO. UMB Bank n.a. increased its position in 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 purchasing an additional 464 shares during the period. Hexagon Capital Partners LLC grew its position in shares of 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 buying an additional 130 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Brink’s during the 4th quarter worth approximately $56,000. First Horizon Advisors Inc. grew its position in shares of 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 buying an additional 174 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of 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 buying an additional 151 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Brink’s Price Performance

Shares of BCO opened at $111.34 on Thursday. Brink’s Company has a 12-month low of $80.10 and a 12-month high of $115.91. The business’s fifty day moving average is $91.72 and its 200 day moving average is $89.73. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.84. The stock has a market cap of $4.64 billion, a P/E ratio of 30.09 and a beta of 1.46.

Brink’s (NYSE:BCO) last issued its earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the business earned $1.67 EPS. Brink’s’s quarterly revenue was up 3.8% compared to the same quarter last year. Sell-side analysts anticipate that Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Announces Dividend

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

Insiders Place Their Bets

In related news, Director Keith R. Wyche sold 475 shares of the 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 transaction, the director directly owned 3,682 shares in the company, valued at $390,844.30. This trade represents a 11.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael E. Sweeney sold 1,314 shares of the firm’s stock in a transaction 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 owned 10,326 shares in the company, valued at approximately $1,022,790.30. This trade represents a 11.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,277 shares of company stock worth $330,683. 0.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.