American Century Companies Inc., a prominent institutional investor, has recently reduced its stake in The Brink’s Company by 4.2% during the first quarter of this year. Based on the company’s 13F filing with the Securities & Exchange Commission, American Century Companies Inc. now owns 2,023,972 shares of Brink’s stock after selling 89,246 shares. This represents approximately 4.34% of Brink’s worth at $135,201,000 as of the end of the reporting period.
The Brink’s Company (NYSE: BCO) recently announced its quarterly earnings results on August 9th. According to the report, the business services provider reported earnings per share (EPS) of $1.18 for the quarter, falling short of the consensus estimate of $1.33 by $0.15. The company recorded revenue totaling $1.22 billion during this period, surpassing analysts’ expectations set at $1.21 billion.
Brink’s also revealed a solid year-over-year increase in revenue by 7.2%. The company demonstrated a return on equity of 50.85% and a net margin of 2.40%. In comparison to the previous year’s quarter, where EPS was reported at $1.29, there is a slight decrease.
Equities research analysts are anticipating that The Brink’s Company will post an EPS of 6.8 for the current year.
For more detailed information and analysis on Brink’s performance and future prospects, interested parties are advised to refer to our latest report on Brink’s.
Please note that all details and figures mentioned herein pertain to data available as of August 26th, 2023
The Brink's Company
BCO
Strong Buy
Updated on: 05/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Brink’s Company Shows Promising Growth and Attracts Institutional Investors
Brink’s, a business services provider company, has seen an increase in stake holdings from institutional investors and hedge funds. Thrivent Financial for Lutherans, in particular, raised its holdings by 1.4% during the third quarter. With an additional purchase of 167 shares, Thrivent Financial for Lutherans now owns 12,504 shares of Brink’s stock worth $606,000.
Another notable investor is the Public Employees Retirement System of Ohio, which raised its holdings in Brink’s by 8.8% during the same period. They now own 2,206 shares valued at $107,000 after purchasing an additional 179 shares.
Campbell Newman Asset Management Inc., SummerHaven Investment Management LLC, and Ronald Blue Trust Inc. also increased their stakes in Brink’s during different quarters. Campbell Newman Asset Management Inc. holds 17,557 shares valued at $1,173,000 after acquiring an additional 227 shares in the first quarter. SummerHaven Investment Management LLC owns 13,815 shares valued at $923,000 after acquiring an additional 260 shares in the first quarter as well.
Lastly, Ronald Blue Trust Inc purchased an additional 321 shares during the first quarter and now owns 1,701 shares worth $91*,000*.
Overall institutional investors own a significant portion of Brink’s stock with a stake of approximately 96.49%.
On Friday August *25th*, Brink’s stock (BCO) traded up $0.21 to reach $74*.22*. The trading volume for that day was recorded at 9*,516* shares being exchanged compared to the average volume of *195*,742*. With a market cap of *$3.45 billion* and a price-to-earnings ratio of *30*.85*, Brink’s remains a competitive player in its industry sector.
The company has experienced fluctuations over the past year, with a 12-month low of *$48.38* and a 12-month high of *$74.69*. Currently, it has a quick ratio and current ratio of *1.55* each, as well as a debt-to-equity ratio of *4*.89*. The company’s fifty-day simple moving average is $70*.22* while its two-hundred-day simple moving average is $67*.18*.
Investors who hold Brink’s stock have been informed that a quarterly dividend will be paid on Friday, September *1st*. Shareholders of record on Monday, July *31st* will receive a dividend payment of $0.22 per share. The ex-dividend date for this particular dividend was on Friday, July *28th*, offering an annualized dividend yield of *1.19%*. Brink’s dividend payout ratio (DPR) presently stands at 36*.67%*.
Brink’s recent performance has received positive attention from several brokerages. StockNews.com issued a report upgrading their rating from “buy” to “strong-buy” on Wednesday, August *16th*. Meanwhile, The Goldman Sachs Group gave the stock a “buy” rating and raised their target price from $81 to $92 in their report on Thursday August *10th*.
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