Hotchkis & Wiley Capital Management LLC Buys 7,697 Shares of Brink's Company (The) $BCO

Key Points

• Hotchkis & Wiley Capital Management LLC has increased its stake in Brink's Company by 1.7% to 467,047 shares, valued at approximately $40.24 million.
• Brink's reported earnings of $1.79 per share for the last quarter, surpassing analysts' expectations of $1.43, along with a revenue of $1.30 billion.
• The company recently declared a quarterly dividend of $0.255 per share, yielding approximately 0.9%, with a payout ratio of 27.57%.

Hotchkis & Wiley Capital Management LLC boosted its holdings in Brink's Company (The) (NYSE:BCO - Free Report) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 467,047 shares of the business services provider's stock after purchasing an additional 7,697 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 1.08% of Brink's worth $40,241,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Brink's by 1.9% during the first quarter. American Century Companies Inc. now owns 1,525,099 shares of the business services provider's stock worth $131,403,000 after acquiring an additional 28,439 shares in the last quarter. Ariel Investments LLC raised its position 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. Channing Capital Management LLC raised its position in Brink's by 7.6% during the first quarter. Channing Capital Management LLC now owns 890,700 shares of the business services provider's stock worth $76,743,000 after acquiring an additional 62,676 shares in the last quarter. Northern Trust Corp raised its position 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. Finally, Charles Schwab Investment Management Inc. raised its position in Brink's by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 546,372 shares of the business services provider's stock worth $47,075,000 after acquiring an additional 4,524 shares in the last quarter. Institutional investors own 94.96% of the company's stock.

Analyst Upgrades and Downgrades

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 presently has an average rating of "Buy" and a consensus price target of $138.00.

Brink's Stock Performance

BCO stock traded down $0.77 during trading hours on Thursday, hitting $111.67. 68,078 shares of the stock were exchanged, compared to its average volume of 314,949. 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 firm has a market capitalization of $4.65 billion, a P/E ratio of 30.18 and a beta of 1.46. The company has a 50-day simple moving average of $97.00 and a two-hundred day simple moving average of $90.98. 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 posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.36. The firm 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 company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.67 EPS. On average, analysts forecast that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be given a dividend of $0.255 per share. The ex-dividend date is Monday, July 28th. This represents a $1.02 annualized dividend and a yield of 0.9%. Brink's's dividend payout ratio (DPR) is presently 27.57%.

Insider Transactions at Brink's

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

Brink's 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.