Cubist Systematic Strategies LLC Invests $521,000 in Brink's Company (The) $BCO

Key Points

• Cubist Systematic Strategies LLC has acquired a new stake in Brink's Company, purchasing 6,052 shares valued at approximately $521,000 during the 1st quarter.
• Brink's stock has received a rating upgrade from analysts at Wall Street Zen, increasing from "hold" to "strong-buy" with a consensus target price of $138.00.
• The company recently reported strong quarterly earnings of $1.79 EPS, exceeding expectations, with revenue of $1.30 billion, reflecting a 3.8% year-over-year increase.

Cubist Systematic Strategies LLC bought a new stake in Brink's Company (The) (NYSE:BCO - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,052 shares of the business services provider's stock, valued at approximately $521,000.

Several other large investors have also recently added to or reduced their stakes in BCO. Ameriprise Financial Inc. increased its position in Brink's by 210.0% in the 4th quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider's stock valued at $18,429,000 after acquiring an additional 134,582 shares during the period. Cetera Investment Advisers increased its position in Brink's by 26.1% in the 4th quarter. Cetera Investment Advisers now owns 2,732 shares of the business services provider's stock valued at $253,000 after acquiring an additional 565 shares during the period. Deutsche Bank AG increased its position in Brink's by 4.7% in the 4th quarter. Deutsche Bank AG now owns 277,851 shares of the business services provider's stock valued at $25,776,000 after acquiring an additional 12,495 shares during the period. Focus Partners Wealth acquired a new stake in Brink's in the 4th quarter valued at approximately $3,094,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Brink's in the 4th quarter valued at approximately $430,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded 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 MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $138.00.

Brink's Price Performance

Shares of BCO stock traded down $1.78 during mid-day trading on Friday, hitting $115.74. 175,718 shares of the stock traded hands, compared to its average volume of 285,666. Brink's Company has a twelve month low of $80.10 and a twelve month high of $117.65. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 31.28 and a beta of 1.48. The company's 50-day simple moving average is $102.75 and its 200-day simple moving average is $92.67. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.51 and a current ratio of 1.51.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.36. The company had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.27 billion. Brink's had a return on equity of 86.86% and a net margin of 3.21%.The firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $1.67 EPS. As a group, equities research analysts expect that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th were paid a dividend of $0.255 per share. 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 (DPR) is currently 27.57%.

Insider Buying and Selling

In other news, insider Michael E. Sweeney sold 746 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total transaction of $85,790.00. Following the completion of the sale, the insider directly owned 7,785 shares of the company's stock, valued at $895,275. This trade represents a 8.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arthelbert Louis Parker sold 540 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total value of $62,100.00. Following the sale, the director directly owned 6,603 shares of the company's stock, valued at approximately $759,345. This represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,058 shares of company stock valued at $2,946,513. 0.49% of the stock is owned by insiders.

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.