Algert Global LLC Reduces Stock Position in Brink's Company (The) $BCO

Key Points

• Algert Global LLC has decreased its holdings in Brink's Company by 40.8%, now owning 5,981 shares valued at approximately $515,000.
• Brink's reported earnings of $1.79 per share for the last quarter, exceeding analysts' expectations, with revenue of $1.30 billion.
• The company declared a quarterly dividend of $0.255 per share, with an annualized yield of 0.9% and a payout ratio of 27.57%.

Algert Global LLC lessened its position in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 40.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,981 shares of the business services provider's stock after selling 4,120 shares during the period. Algert Global LLC's holdings in Brink's were worth $515,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BCO. Nomura Holdings Inc. acquired a new position in shares of Brink's during the fourth quarter valued at about $536,000. Principal Financial Group Inc. grew its holdings in shares of Brink's by 1.2% during the first quarter. Principal Financial Group Inc. now owns 126,741 shares of the business services provider's stock valued at $10,920,000 after buying an additional 1,441 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Brink's by 16.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 67,086 shares of the business services provider's stock valued at $5,959,000 after buying an additional 9,541 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Brink's by 16.2% during the first quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock valued at $93,000 after buying an additional 151 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Brink's by 26.1% during the first quarter. KBC Group NV now owns 2,170 shares of the business services provider's stock valued at $187,000 after buying an additional 449 shares during the last quarter. Institutional investors own 94.96% of the company's stock.

Analyst Ratings Changes

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

Brink's Stock Down 0.2%

Brink's stock traded down $0.26 during midday trading on Friday, hitting $111.82. 110,555 shares of the stock were exchanged, compared to its average volume of 314,389. Brink's Company has a 52-week low of $80.10 and a 52-week high of $115.91. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 30.22 and a beta of 1.46. The business's 50-day moving average price is $97.49 and its 200-day moving average price is $91.11. 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 (NYSE:BCO - Get Free Report) last released its earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.36. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.27 billion. Brink's had a net margin of 3.21% and a return on equity of 86.86%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 earnings per share. On average, research analysts expect that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, July 28th. Brink's's payout ratio is presently 27.57%.

Insider Activity at Brink's

In other news, Director Keith R. Wyche sold 475 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $106.15, for a total value of $50,421.25. Following the completion of the sale, the director owned 3,682 shares of the company's stock, valued at approximately $390,844.30. This represents a 11.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael E. Sweeney sold 1,314 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $99.05, for a total transaction of $130,151.70. Following the sale, the insider directly owned 10,326 shares of the company's stock, valued at $1,022,790.30. The trade was a 11.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,058 shares of company stock valued at $2,946,513 in the last three months. 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.