Russell Investments Group Ltd. Increases Stake in Brink's Company (The) $BCO

Key Points

• Russell Investments Group Ltd. increased its stake in Brink's Company by 11.8%, owning 23,279 shares valued at approximately $2.0 million after purchasing an additional 2,458 shares in Q1.
• Wall Street analysts upgraded Brink's Company from a "hold" to a "strong-buy" rating, with a consensus price target of $138.00.
• Brink's reported strong Q2 earnings with an EPS of $1.79, surpassing estimates of $1.43, and an annualized quarterly dividend of $1.02 with a yield of 0.9%.

Russell Investments Group Ltd. increased its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 11.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,279 shares of the business services provider's stock after purchasing an additional 2,458 shares during the period. Russell Investments Group Ltd. owned approximately 0.05% of Brink's worth $2,006,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new position in shares of Brink's during the fourth quarter valued at approximately $536,000. Principal Financial Group Inc. raised 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 grew its position in 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 buying an additional 9,541 shares during the period. GAMMA Investing LLC grew its position in 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 buying an additional 151 shares during the period. Finally, KBC Group NV grew its position in 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 buying an additional 449 shares during the period. 94.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Brink's Price Performance

Shares of NYSE:BCO traded down $0.10 during midday trading on Friday, reaching $111.98. 354,226 shares of the company were exchanged, compared to its average volume of 385,423. 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 business's fifty day moving average is $98.01 and its two-hundred day moving average is $91.23. Brink's Company has a one year low of $80.10 and a one year high of $115.91. The stock has a market cap of $4.66 billion, a PE ratio of 30.26 and a beta of 1.46.

Brink's (NYSE:BCO - Get Free Report) last issued its 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 net margin of 3.21% and a return on equity of 86.86%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business earned $1.67 earnings per share. Brink's's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, analysts predict that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors 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 dividend on an annualized basis and a yield of 0.9%. Brink's's dividend payout ratio is presently 27.57%.

Insider Buying and Selling at Brink's

In related news, insider Michael E. Sweeney sold 746 shares of the company's stock in a transaction 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 owned 7,785 shares of the company's stock, valued at $895,275. This represents a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Arthelbert Louis Parker sold 540 shares of the company's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $115.00, for a total transaction of $62,100.00. Following the sale, the director directly owned 6,603 shares in the company, valued at approximately $759,345. The trade was a 7.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,058 shares of company stock worth $2,946,513 in the last ninety days. Company insiders own 0.49% 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.