Fiduciary Financial Group LLC Has $246,000 Stock Position in Brink’s Company (The) $BCO

Fiduciary Financial Group LLC lowered its stake in shares of Brink’s Company (The) (NYSE:BCO) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,649 shares of the business services provider’s stock after selling 163 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Brink’s were worth $246,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Strs Ohio bought a new position in shares of Brink’s during the 1st quarter worth about $276,000. Ellsworth Advisors LLC acquired a new stake in Brink’s during the first quarter worth about $1,545,000. Intech Investment Management LLC increased its stake in Brink’s by 12.8% during the first quarter. Intech Investment Management LLC now owns 32,971 shares of the business services provider’s stock valued at $2,841,000 after acquiring an additional 3,749 shares during the period. Focus Partners Wealth raised its holdings in Brink’s by 1.3% in the 1st quarter. Focus Partners Wealth now owns 33,775 shares of the business services provider’s stock valued at $2,910,000 after acquiring an additional 422 shares in the last quarter. Finally, McIlrath & Eck LLC bought a new stake in shares of Brink’s in the 1st quarter worth approximately $183,000. 94.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Brink’s Stock Performance

NYSE:BCO opened at $115.74 on Friday. The firm has a market capitalization of $4.82 billion, a PE ratio of 31.28 and a beta of 1.48. 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 $117.65. The firm has a 50-day moving average price of $102.75 and a 200 day moving average price of $92.67.

Brink’s (NYSE:BCO) last released its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 earnings per share 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 analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $1.67 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. Research analysts anticipate that Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, July 28th. Brink’s’s dividend payout ratio is currently 27.57%.

Insider Buying and Selling

In other news, Director Arthelbert Louis Parker sold 540 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total value of $62,100.00. Following the sale, the director owned 6,603 shares in the company, valued at approximately $759,345. The trade was a 7.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Castillo sold 21,700 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $109.70, for a total transaction of $2,380,490.00. Following the completion of the sale, the executive vice president directly owned 22,188 shares in the company, valued at approximately $2,434,023.60. The trade was a 49.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,058 shares of company stock valued at $2,946,513 in the last ninety days. Insiders own 0.49% of the company’s stock.

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.