Boston Partners Decreases Holdings in Brink's Company (The) $BCO

Key Points

• Boston Partners reduced its stake in Brink's Company (NYSE: BCO) by 43.7%, selling 235,821 shares and owning about 0.70% post-sale, valued at approximately $26.35 million.
• Brink's reported $1.79 EPS for its recent quarter, exceeding estimates, with a net margin of 3.21% and revenue of $1.30 billion.
• The company has announced a quarterly dividend of $0.255 per share, payable on September 2nd, with a yield of 0.9%.

Boston Partners cut its position in Brink's Company (The) (NYSE:BCO - Free Report) by 43.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 304,124 shares of the business services provider's stock after selling 235,821 shares during the quarter. Boston Partners owned 0.70% of Brink's worth $26,353,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. increased its position in 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 purchasing an additional 464 shares in the last quarter. Hexagon Capital Partners LLC increased its position in Brink's by 32.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock worth $46,000 after purchasing an additional 130 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Brink's during the 4th quarter worth approximately $56,000. First Horizon Advisors Inc. grew its holdings in Brink's by 20.2% during the 1st quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock worth $89,000 after acquiring an additional 174 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake 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 acquiring an additional 151 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of 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 data from MarketBeat, Brink's currently has an average rating of "Buy" and an average target price of $138.00.

Brink's Trading Up 0.1%

Shares of BCO traded up $0.1450 during trading hours on Wednesday, hitting $110.8950. 30,234 shares of the stock were exchanged, compared to its average volume of 317,157. Brink's Company has a fifty-two week low of $80.10 and a fifty-two week high of $115.91. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.51 and a quick ratio of 1.51. The business has a 50-day moving average of $93.84 and a 200-day moving average of $90.15. The firm has a market capitalization of $4.62 billion, a P/E ratio of 29.91 and a beta of 1.46.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the company posted $1.67 earnings per share. Brink's's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, research analysts expect that Brink's Company will post 6.49 EPS for the current year.

Brink's Announces Dividend

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

Insider Activity at Brink's

In other Brink's news, Director Arthelbert Louis Parker sold 540 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total value of $62,100.00. Following the transaction, the director directly owned 6,603 shares of the company's stock, valued at approximately $759,345. This trade represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Castillo sold 21,700 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $109.70, for a total transaction 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 $2,434,023.60. This trade represents a 49.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,058 shares of company stock valued at $2,946,513 in the last ninety days. Insiders own 0.72% of the company's stock.

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.