Aristeia Capital L.L.C. Makes New Investment in Brink's Company (The) $BCO

Key Points

• Aristeia Capital L.L.C. has acquired 3,297 shares of Brink's Company, valued at around $284,000, during the first quarter.
• Wall Street Zen upgraded Brink's stock from a "hold" to a "strong-buy" rating, with a target price averaging $138.00.
• The company reported a quarterly earnings per share of $1.79, exceeding analysts' expectations and reflecting a year-over-year revenue increase of 3.8%.

Aristeia Capital L.L.C. purchased a new position in Brink's Company (The) (NYSE:BCO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,297 shares of the business services provider's stock, valued at approximately $284,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its stake in Brink's by 1.9% in the 1st quarter. American Century Companies Inc. now owns 1,525,099 shares of the business services provider's stock worth $131,403,000 after buying an additional 28,439 shares during the last quarter. Ariel Investments LLC boosted its stake in Brink's by 8.7% in the 1st quarter. Ariel Investments LLC now owns 1,394,284 shares of the business services provider's stock worth $120,132,000 after buying an additional 112,180 shares during the last quarter. Channing Capital Management LLC boosted its stake in Brink's by 7.6% in the 1st quarter. Channing Capital Management LLC now owns 890,700 shares of the business services provider's stock worth $76,743,000 after buying an additional 62,676 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Brink's by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 546,372 shares of the business services provider's stock worth $47,075,000 after purchasing an additional 4,524 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Brink's by 3.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 533,038 shares of the business services provider's stock worth $45,927,000 after purchasing an additional 15,323 shares during the period. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink's Trading Down 1.5%

Shares of Brink's stock traded down $1.78 during trading hours on Friday, reaching $115.74. The stock had a trading volume of 175,718 shares, compared to its average volume of 277,000. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 31.28 and a beta of 1.48. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.84. Brink's Company has a 1 year low of $80.10 and a 1 year high of $117.65. The firm has a 50 day simple moving average of $102.75 and a two-hundred day simple moving average of $92.68.

Brink's (NYSE:BCO - Get Free Report) last announced its earnings results on Wednesday, August 6th. The business services provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.43 by $0.36. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. Brink's had a return on equity of 86.86% and a net margin of 3.21%.The company's revenue was up 3.8% on a year-over-year basis. During the same period last year, the business posted $1.67 EPS. As a group, equities research analysts anticipate that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, July 28th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, July 28th. Brink's's dividend payout ratio (DPR) is presently 27.57%.

Insider Buying and Selling

In related news, Director Keith R. Wyche sold 475 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $106.15, for a total transaction of $50,421.25. Following the sale, the director directly owned 3,682 shares in the company, valued at approximately $390,844.30. This trade represents a 11.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Arthelbert Louis Parker sold 540 shares of Brink'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 value of $62,100.00. Following the sale, the director owned 6,603 shares in the company, valued at $759,345. This represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,058 shares of company stock valued at $2,946,513. Corporate insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

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

Brink's 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.