Fuller & Thaler Asset Management Inc. Has $153.95 Million Stock Position in Brink's Company (The) $BCO

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. trimmed its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.

Other hedge funds have also modified their holdings of the company. Nomura Holdings Inc. purchased a new stake in shares of Brink's during the fourth quarter valued at $536,000. Principal Financial Group Inc. lifted its holdings in shares of Brink's by 1.2% during the first quarter. Principal Financial Group Inc. now owns 126,741 shares of the business services provider's stock valued at $10,920,000 after purchasing an additional 1,441 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Brink's by 16.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 67,086 shares of the business services provider's stock valued at $5,959,000 after purchasing an additional 9,541 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 151 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Brink's by 26.1% during the first quarter. KBC Group NV now owns 2,170 shares of the business services provider's stock valued at $187,000 after purchasing an additional 449 shares during the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

Brink's Stock Up 2.9%

Shares of BCO traded up $3.2320 during midday trading on Friday, reaching $113.1820. 393,347 shares of the stock were exchanged, compared to its average volume of 382,081. Brink's Company has a 12-month low of $80.10 and a 12-month high of $115.91. The firm has a 50 day simple moving average of $95.43 and a 200-day simple moving average of $90.55. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.84. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 30.59 and a beta of 1.46.

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

Brink's Announces Dividend

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

Analysts Set New Price Targets

Separately, Wall Street Zen raised Brink's from a "hold" rating to a "strong-buy" rating in a report on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $138.00.

Insider Buying and Selling

In other news, Director Arthelbert Louis Parker sold 540 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $115.00, for a total transaction of $62,100.00. Following the transaction, the director owned 6,603 shares of the company's stock, valued at approximately $759,345. This represents a 7.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael E. Sweeney sold 1,314 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $99.05, for a total value of $130,151.70. Following the transaction, the insider directly owned 10,326 shares in the company, valued at approximately $1,022,790.30. This represents a 11.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,058 shares of company stock worth $2,946,513. Insiders own 0.49% 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.