Brink's Company (The) $BCO Position Reduced by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Brink's Company by 0.6% during the first quarter, owning approximately 4.14% of the company after selling 10,917 shares.
• Brink's recently reported $1.79 earnings per share for the quarter, exceeding expectations and showing a revenue increase of 3.8% year-over-year.
• The company declared a quarterly dividend of $0.255 per share, providing an annualized yield of 0.9%, with a payout ratio of 27.57%.

Fuller & Thaler Asset Management Inc. cut its holdings in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,786,744 shares of the business services provider's stock after selling 10,917 shares during the period. Fuller & Thaler Asset Management Inc. owned about 4.14% of Brink's worth $153,946,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BCO. UMB Bank n.a. grew its stake in Brink's by 1,450.0% in the first 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 grew its stake in Brink's by 32.0% in the first 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 in the fourth quarter worth about $56,000. First Horizon Advisors Inc. grew its stake in Brink's by 20.2% in the first quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock worth $89,000 after purchasing an additional 174 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake 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. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Michael E. Sweeney sold 746 shares of Brink's stock in a transaction that occurred 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 sale, the insider owned 7,785 shares of the company's stock, valued at approximately $895,275. The trade was a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Keith R. Wyche sold 475 shares of Brink'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 value of $50,421.25. Following the sale, the director directly owned 3,682 shares in the company, valued at approximately $390,844.30. This trade represents a 11.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,058 shares of company stock worth $2,946,513. 0.49% of the stock is currently owned by corporate insiders.

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 report on Sunday, August 10th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $138.00.

Brink's Stock Performance

Shares of BCO traded up $3.2320 during mid-day trading on Friday, reaching $113.1820. 393,347 shares of the company's stock traded hands, compared to its average volume of 317,770. The business's 50-day moving average price is $94.85 and its 200-day moving average price is $90.41. The stock has a market capitalization of $4.72 billion, a P/E ratio of 30.59 and a beta of 1.46. 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 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 results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, beating analysts' consensus estimates 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 business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 earnings per share. Equities analysts predict that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, July 28th. Brink's's payout ratio is 27.57%.

About Brink's

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.