Koshinski Asset Management Inc. Makes New Investment in Brink's Company (The) $BCO

Key Points

• Koshinski Asset Management Inc. has acquired a new position in Brink's Company, purchasing 2,888 shares valued at approximately $258,000.
• Brink's reported better-than-expected quarterly earnings, with $1.79 earnings per share and revenues of $1.30 billion, exceeding analysts' estimates.
• The company declared a quarterly dividend of $0.255 per share, with an upcoming ex-dividend date of November 3rd, representing an annualized yield of 0.9%.

Koshinski Asset Management Inc. acquired a new position in shares of Brink's Company (The) (NYSE:BCO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,888 shares of the business services provider's stock, valued at approximately $258,000.

A number of other hedge funds have also recently added to or reduced their stakes in BCO. GAMMA Investing LLC grew its holdings in Brink's by 16.2% during the 1st quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock worth $93,000 after acquiring an additional 151 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in Brink's by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 5,112 shares of the business services provider's stock worth $440,000 after acquiring an additional 135 shares during the last quarter. Blue Trust Inc. grew its holdings in Brink's by 33.4% during the 1st quarter. Blue Trust Inc. now owns 1,808 shares of the business services provider's stock worth $156,000 after acquiring an additional 453 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Brink's by 2.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 21,161 shares of the business services provider's stock worth $1,823,000 after acquiring an additional 606 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN grew its holdings in Brink's by 1.5% during the 1st quarter. Kirr Marbach & Co. LLC IN now owns 94,785 shares of the business services provider's stock worth $8,167,000 after acquiring an additional 1,442 shares during the last quarter. Institutional investors own 94.96% of the company's stock.

Brink's Stock Performance

Shares of NYSE:BCO opened at $114.89 on Wednesday. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 31.05 and a beta of 1.44. The firm's 50 day simple moving average is $113.62 and its 200 day simple moving average is $97.75. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.51 and a quick ratio of 1.51. Brink's Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.60.

Brink's (NYSE:BCO - Get Free Report) last announced 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 business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. Brink's had a net margin of 3.21% and a return on equity of 86.86%. Brink's's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company posted $1.67 EPS. As a group, sell-side analysts forecast that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 3rd will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, November 3rd. Brink's's dividend payout ratio (DPR) is currently 27.57%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Brink's in a research note on Wednesday, October 8th. Zacks Research lowered shares of Brink's from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Finally, Wall Street Zen raised 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 and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $138.00.

Insider Activity

In other Brink's news, insider Michael E. Sweeney sold 746 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total transaction of $85,790.00. Following the sale, the insider directly owned 7,785 shares in the company, valued at approximately $895,275. This trade represents a 8.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Keith R. Wyche sold 475 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $106.15, for a total transaction of $50,421.25. Following the sale, the director owned 3,682 shares in the company, valued at $390,844.30. This trade represents a 11.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,570 shares of company stock valued at $2,900,153. 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.

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