Knights of Columbus Asset Advisors LLC Sells 10,375 Shares of Brink's Company (The) (NYSE:BCO)

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in Brink's Company by 27.9%, selling 10,375 shares during the first quarter.
• Brink's reported $1.62 earnings per share for the latest quarter, surpassing analysts' expectations by $0.43, with revenues reaching $1.25 billion.
• The company declared a quarterly dividend of $0.255 per share, which will be paid on September 2nd, representing a dividend yield of 1.11%.

Knights of Columbus Asset Advisors LLC reduced its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 27.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,790 shares of the business services provider's stock after selling 10,375 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.06% of Brink's worth $2,308,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. FMR LLC raised its stake in Brink's by 12.0% during the fourth quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock worth $441,125,000 after acquiring an additional 510,389 shares in the last quarter. Ariel Investments LLC raised its stake in Brink's by 12.3% during the fourth quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock worth $118,941,000 after acquiring an additional 140,895 shares in the last quarter. Northern Trust Corp raised its stake in Brink's by 14.0% during the fourth quarter. Northern Trust Corp now owns 613,301 shares of the business services provider's stock worth $56,896,000 after acquiring an additional 75,138 shares in the last quarter. Southernsun Asset Management LLC raised its stake in Brink's by 15.4% during the fourth quarter. Southernsun Asset Management LLC now owns 597,633 shares of the business services provider's stock worth $55,442,000 after acquiring an additional 79,701 shares in the last quarter. Finally, Wasatch Advisors LP raised its stake in Brink's by 3.5% during the fourth quarter. Wasatch Advisors LP now owns 530,938 shares of the business services provider's stock worth $49,255,000 after acquiring an additional 18,073 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink's Price Performance

Brink's stock traded down $0.20 during mid-day trading on Monday, hitting $91.57. 262,842 shares of the company were exchanged, compared to its average volume of 307,134. The business has a fifty day moving average of $88.34 and a 200 day moving average of $89.30. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 10.93. The company has a market capitalization of $3.85 billion, a PE ratio of 24.75 and a beta of 1.43. Brink's Company has a 1-year low of $80.10 and a 1-year high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last announced its earnings results on Monday, May 12th. The business services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.19 by $0.43. The company had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. Brink's had a return on equity of 82.89% and a net margin of 3.29%. The business's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share. As a group, sell-side analysts expect that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Monday, July 28th. Brink's's 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.