Brink's Company (The) $BCO Shares Bought by Ariel Investments LLC

Key Points

• Ariel Investments LLC increased its holdings in Brink's Company by 8.7%, purchasing an additional 112,180 shares, totaling approximately 1.39 million shares valued at $120.13 million.
• Brink's reported $1.79 EPS for the recent quarter, outperforming the consensus estimate of $1.43, with a revenue rise of 3.8% year-over-year.
• The company declared a quarterly dividend of $0.255 per share, representing an annualized yield of 0.9% and a payout ratio of 27.57%.

Ariel Investments LLC boosted its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,394,284 shares of the business services provider's stock after purchasing an additional 112,180 shares during the period. Ariel Investments LLC owned approximately 3.32% of Brink's worth $120,132,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nomura Holdings Inc. purchased a new stake in Brink's during the 4th quarter worth approximately $536,000. Principal Financial Group Inc. grew its position in Brink's by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 126,741 shares of the business services provider's stock worth $10,920,000 after purchasing an additional 1,441 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Brink's by 16.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 67,086 shares of the business services provider's stock worth $5,959,000 after purchasing an additional 9,541 shares during the last quarter. GAMMA Investing LLC grew its position in Brink's by 16.2% during the 1st quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock worth $93,000 after purchasing an additional 151 shares during the last quarter. Finally, KBC Group NV grew its position in Brink's by 26.1% during the 1st quarter. KBC Group NV now owns 2,170 shares of the business services provider's stock worth $187,000 after purchasing an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Stock Performance

Shares of BCO stock traded up $0.95 during trading hours on Friday, hitting $114.64. The company's stock had a trading volume of 338,580 shares, compared to its average volume of 329,743. The company has a 50 day moving average of $100.49 and a 200 day moving average of $91.90. The stock has a market cap of $4.78 billion, a PE ratio of 30.98 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 12-month low of $80.10 and a 12-month high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings data 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 net margin of 3.21% and a return on equity of 86.86%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 EPS. On average, sell-side analysts forecast that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, July 28th were paid a $0.255 dividend. 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 payout ratio is currently 27.57%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Keith R. Wyche sold 475 shares of the business'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 transaction, the director directly owned 3,682 shares in the company, valued at $390,844.30. The trade was a 11.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael E. Sweeney sold 1,314 shares of the business's 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 completion of the transaction, the insider owned 10,326 shares of the company's stock, valued at approximately $1,022,790.30. This represents a 11.29% 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. 0.49% of the stock is currently owned by company insiders.

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.