Price T Rowe Associates Inc. MD Has $45.93 Million Holdings in Brink's Company (The) $BCO

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Brink's Company by 3.0% with the acquisition of 15,323 shares, bringing its total ownership to 533,038 shares valued at approximately $45.9 million.
• Brink's reported a quarterly EPS of $1.79, beating analyst estimates by $0.36, with revenue of $1.3 billion, up 3.8% year-over-year.
• The company declared a quarterly dividend of $0.255 per share, resulting in an annualized dividend yield of 0.9%, with a low payout ratio of 27.57%.

Price T Rowe Associates Inc. MD increased its holdings in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 533,038 shares of the business services provider's stock after acquiring an additional 15,323 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.23% of Brink's worth $45,927,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP increased its holdings in shares of Brink's by 4.3% during the 1st quarter. Wellington Management Group LLP now owns 155,696 shares of the business services provider's stock worth $13,415,000 after acquiring an additional 6,474 shares during the last quarter. Corient IA LLC acquired a new position in shares of Brink's during the 1st quarter worth approximately $302,000. Raymond James Financial Inc. increased its holdings in shares of Brink's by 18.0% during the 1st quarter. Raymond James Financial Inc. now owns 105,005 shares of the business services provider's stock worth $9,047,000 after acquiring an additional 15,996 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Brink's by 1.9% during the 1st 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 during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Brink's by 11.8% during the 1st quarter. Russell Investments Group Ltd. now owns 23,279 shares of the business services provider's stock worth $2,006,000 after acquiring an additional 2,458 shares during the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Brink's Stock Performance

BCO stock traded up $1.23 during trading hours on Tuesday, hitting $113.27. 323,279 shares of the stock were exchanged, compared to its average volume of 378,262. 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 $4.72 billion, a P/E ratio of 30.61 and a beta of 1.48. The company has a 50-day simple moving average of $99.03 and a two-hundred day simple moving average of $91.49. 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 Announces Dividend

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

Insider Buying and Selling

In other news, EVP Daniel J. Castillo sold 21,700 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $109.70, for a total transaction of $2,380,490.00. Following the sale, the executive vice president directly owned 22,188 shares of the company's stock, valued at approximately $2,434,023.60. This represents a 49.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arthelbert Louis Parker sold 540 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total value of $62,100.00. Following the sale, the director directly owned 6,603 shares in the company, valued at approximately $759,345. This trade represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,058 shares of company stock valued at $2,946,513. Company insiders own 0.72% of the company's stock.

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.