Brink's Company (The) $BCO Shares Bought by Hotchkis & Wiley Capital Management LLC

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 increased its position in Brink's Company (The) (NYSE:BCO - Free Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 467,047 shares of the business services provider's stock after purchasing an additional 7,697 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 1.08% of Brink's worth $40,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BCO. CANADA LIFE ASSURANCE Co boosted its stake in shares of Brink's by 0.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 39,207 shares of the business services provider's stock valued at $3,632,000 after purchasing an additional 142 shares during the period. MetLife Investment Management LLC boosted its stake in Brink's by 5.6% during the 4th quarter. MetLife Investment Management LLC now owns 50,244 shares of the business services provider's stock valued at $4,661,000 after acquiring an additional 2,668 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Brink's by 367.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,225 shares of the business services provider's stock valued at $392,000 after acquiring an additional 3,321 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Brink's by 119.0% during the 4th quarter. Hsbc Holdings PLC now owns 13,156 shares of the business services provider's stock valued at $1,220,000 after acquiring an additional 7,149 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Brink's by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 517,715 shares of the business services provider's stock valued at $48,029,000 after acquiring an additional 29,006 shares during the last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Brink's Stock Performance

NYSE:BCO traded down $1.1560 during mid-day trading on Monday, hitting $112.0240. The stock had a trading volume of 173,627 shares, compared to its average volume of 390,128. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 30.28 and a beta of 1.46. 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 company has a 50 day simple moving average of $95.96 and a 200-day simple moving average of $90.68. Brink's Company has a 52 week low of $80.10 and a 52 week high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last released its earnings results on Wednesday, August 6th. The business services provider reported $1.79 EPS for the quarter, beating 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 net margin of 3.21% and a return on equity of 86.86%. Brink's's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $1.67 EPS. On average, research analysts expect that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend 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 Activity at Brink's

In other Brink's news, Director Keith R. Wyche sold 475 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $106.15, for a total transaction of $50,421.25. Following the transaction, the director owned 3,682 shares of the company's stock, valued at approximately $390,844.30. This trade represents a 11.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael E. Sweeney sold 1,314 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $99.05, for a total transaction of $130,151.70. Following the transaction, the insider directly owned 10,326 shares in the company, valued at approximately $1,022,790.30. The trade was a 11.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,058 shares of company stock worth $2,946,513 in the last 90 days. Corporate insiders own 0.72% of the company's stock.

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.