American Century Maintains Significant Stake in Brink's Co.
Ticker: BCO · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 78890
| Field | Detail |
|---|---|
| Company | Brinks CO (BCO) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**American Century still owns a big chunk of Brink's, showing continued institutional belief.**
AI Summary
American Century Investment Management, Inc. filed an amended SC 13G/A on February 12, 2024, indicating their ownership of common stock in The Brink's Company as of December 31, 2023. This filing, an amendment to a previous disclosure, shows that American Century continues to hold a significant stake in Brink's. This matters to investors because it signals continued institutional confidence in Brink's, potentially providing a floor for the stock price and indicating that a major fund manager sees value in the company.
Why It Matters
This filing shows that a major institutional investor, American Century Investment Management, Inc., continues to hold a substantial position in The Brink's Company, signaling their ongoing confidence in the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate risks or changes in company fundamentals.
Analyst Insight
Investors should note the continued institutional ownership by American Century Investment Management, Inc. as a sign of stability, but should also conduct their own due diligence on The Brink's Company's fundamentals.
Key Players & Entities
- American Century Investment Management, Inc. (company) — the reporting person filing the SC 13G/A
- The Brink's Company (company) — the issuer of the common stock
- December 31, 2023 (date) — the date of the event requiring the filing
- February 12, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- American Century Investment Management, Inc. will likely maintain a significant stake in The Brink's Company for the foreseeable future. (American Century Investment Management, Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is American Century Investment Management, Inc., located at 4500 Main Street, Kansas City, MO.
What company's securities are being reported on?
The securities being reported on are the Common Stock of The Brink's Company, which has a CUSIP Number of 109696104.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Filing Stats: 1,324 words · 5 min read · ~4 pages · Grade level 8.7 · Accepted 2024-02-12 12:01:02
Filing Documents
- brinksco13g-a2.htm (SC 13G/A) — 80KB
- image_9.jpg (GRAPHIC) — 0KB
- 0000052388-24-000103.txt ( ) — 82KB
If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a 1) American Century Investment Management, Inc. is an investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). 2) American Century Companies, Inc. is a parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). 3) Stowers Institute for Medical Research is a parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G).
Ownership
Item 4. Ownership. Reference is made to Items 5-9 and 11 on the cover page of this filing.
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following X
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Various persons, including the investment companies and separate institutional investor accounts that American Century Investment Management, Inc. ("ACIM") serves as investment adviser, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities that are the subject of this schedule. Except as may be otherwise indicated if this is a joint filing, not more than 5% of the class of securities that is the subject of this schedule is owned by any one client advised by ACIM. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. See attached Exhibit A.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group Not applicable Page 6 of 8 Pages
Certification
Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated this 9th day of February, 2024. AMERICAN CENTURY INVESTMENT MANAGEMENT, INC. ("ACIM") AMERICAN CENTURY COMPANIES, INC. ("ACC") By __ s John Pak __________________________ John Pak Senior Vice President, ACIM and ACC STOWERS INSTITUTE FOR MEDICAL RESEARCH, solely in its capacity as control entity of ACC By __ s Richard W. Brown ____________________ Richard W. Brown Chairman SCHEDULE 13G – To be included in statements filed pursuant to Rule 13d-1(b) or 13d-2(b). EXHIBIT A This Exhibit has been prepared to identify each subsidiary of American Century Companies, Inc. ("ACC"), which is controlled by the Stowers Institute for Medical Research, that is a beneficial owner of securities that are the subject of this schedule (the "Subject Securities"). American Century Investment Management, Inc. ("ACIM") is a wholly-owned subsidiary of ACC and an investment adviser registered under 203 of the Investment Advisers Act of 1940. SCHEDULE 13G – To be included in statements filed pursuant to Rule 13d-1(b) or 13d-2(b) and Rule 13d-1(f) (1) Agreement. Page 7 of 8 Pages EXHIBIT B Each of the undersigned hereby agrees and consents to the execution and joint filing on its behalf by American Century Investment Management, Inc. of this Schedule 13G respecting the beneficial ownership of the securities which are the subject of t