AQR Capital Management LLC Sells 2,477 Shares of Brink's Company (The) $BCO

Key Points

• AQR Capital Management LLC sold 2,477 shares of Brink's Company, reducing its holdings by 2.1% to approximately 114,431 shares, valued at $9.86 million.
• Brink's received an upgrade from Wall Street Zen to a "strong-buy" rating, with an average target price set at $138.00.
• The company reported better-than-expected quarterly earnings of $1.79 per share, surpassing estimates by $0.36 and showing a year-over-year revenue increase of 3.8% to $1.30 billion.

AQR Capital Management LLC reduced its stake in Brink's Company (The) (NYSE:BCO - Free Report) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,431 shares of the business services provider's stock after selling 2,477 shares during the quarter. AQR Capital Management LLC owned 0.27% of Brink's worth $9,859,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BCO. UMB Bank n.a. boosted its stake in shares of Brink's by 1,450.0% during the 1st quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock worth $43,000 after buying an additional 464 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in Brink's by 32.0% during the first quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock worth $46,000 after acquiring an additional 130 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Brink's by 20.2% during the first quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock valued at $89,000 after purchasing an additional 174 shares during the last quarter. GAMMA Investing LLC grew its stake in Brink's by 16.2% in the first quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock valued at $93,000 after purchasing an additional 151 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its stake in Brink's by 102.2% in the first quarter. Golden State Wealth Management LLC now owns 1,205 shares of the business services provider's stock valued at $104,000 after purchasing an additional 609 shares in the last quarter. 94.96% of the stock is owned by institutional investors.

Insider Transactions at Brink's

In related news, insider Michael E. Sweeney sold 1,314 shares of Brink's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $99.05, for a total transaction of $130,151.70. Following the completion of the sale, the insider directly owned 10,326 shares of the company's stock, valued at approximately $1,022,790.30. This trade represents a 11.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Castillo sold 21,700 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $109.70, for a total value of $2,380,490.00. Following the completion of the transaction, the executive vice president directly owned 22,188 shares in the company, valued at approximately $2,434,023.60. This represents a 49.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,058 shares of company stock worth $2,946,513 in the last ninety days. 0.72% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Brink's Stock Performance

Shares of NYSE:BCO traded down $0.28 on Tuesday, hitting $114.91. The company had a trading volume of 212,244 shares, compared to its average volume of 271,780. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 31.06 and a beta of 1.48. The stock has a 50 day moving average price of $103.57 and a 200 day moving average price of $92.98. Brink's Company has a 1-year low of $80.10 and a 1-year high of $117.65. 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 (NYSE:BCO - Get Free Report) last posted its earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.36. Brink's had a net margin of 3.21% and a return on equity of 86.86%. The company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter last year, the company posted $1.67 EPS. Brink's's quarterly revenue was up 3.8% compared to the same quarter last year. Analysts expect that Brink's Company will post 6.49 EPS for the current year.

Brink's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, July 28th. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. Brink's's dividend payout ratio is presently 27.57%.

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.