Brant Point Investment Management LLC Has $1.98 Million Stake in Brink's Company (The) $BCO

Key Points

• Brant Point Investment Management LLC has reduced its stake in Brink's Company by 17.3%, selling 4,800 shares during the first quarter, now owning 23,022 shares valued at approximately $1.98 million.
• Brink's recently reported earnings of $1.79 per share, exceeding analyst estimates of $1.43, with total revenue of $1.30 billion.
• The company's quarterly dividend of $0.255 will be distributed on September 2nd, representing an annualized yield of 0.9% and a payout ratio of 27.57%.

Brant Point Investment Management LLC trimmed its position in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 17.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,022 shares of the business services provider's stock after selling 4,800 shares during the period. Brant Point Investment Management LLC owned approximately 0.05% of Brink's worth $1,984,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BCO. UMB Bank n.a. raised its position in shares of Brink's by 1,450.0% during the first quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock valued at $43,000 after buying an additional 464 shares during the last quarter. Hexagon Capital Partners LLC raised its position in shares of Brink's by 32.0% during the first quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock valued at $46,000 after buying an additional 130 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Brink's during the fourth quarter valued at about $56,000. First Horizon Advisors Inc. raised its position in shares of 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 buying an additional 174 shares during the last quarter. Finally, GAMMA Investing LLC raised its position 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 worth $93,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Brink's Price Performance

Shares of BCO traded down $0.10 during mid-day trading on Monday, hitting $111.98. 354,226 shares of the company traded hands, compared to its average volume of 390,694. Brink's Company has a one year low of $80.10 and a one year high of $115.91. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.84. The business has a 50-day moving average of $98.01 and a 200 day moving average of $91.21. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 30.26 and a beta of 1.48.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly 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. Brink's had a net margin of 3.21% and a return on equity of 86.86%. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. Brink's's revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts expect that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, July 28th. This represents a $1.02 dividend on an annualized basis and a yield of 0.9%. Brink's's dividend payout ratio (DPR) is presently 27.57%.

Analysts Set New Price Targets

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, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $138.00.

Insider Buying and Selling at Brink's

In other Brink's news, EVP Daniel J. Castillo sold 21,700 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 22,188 shares of the company's stock, valued at approximately $2,434,023.60. This trade represents a 49.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith R. Wyche sold 475 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $106.15, for a total transaction of $50,421.25. Following the completion of the transaction, the director directly owned 3,682 shares in the company, valued at approximately $390,844.30. The trade was a 11.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,058 shares of company stock valued at $2,946,513 in the last three months. Insiders own 0.72% 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.