State of Wyoming Has $554,000 Holdings in Brink's Company (The) $BCO

Key Points

• The State of Wyoming increased its stake in Brink's Company by 166.7% in Q1, now holding shares worth $554,000.
• Brink's has recently been upgraded to a "strong-buy" rating by analysts, with a consensus price target of $138.00.
• The company reported $1.79 EPS for the last quarter, exceeding expectations, and announced a quarterly dividend of $0.255 per share.

State of Wyoming grew its stake in Brink's Company (The) (NYSE:BCO - Free Report) by 166.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,425 shares of the business services provider's stock after buying an additional 4,016 shares during the period. State of Wyoming's holdings in Brink's were worth $554,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BCO. Hsbc Holdings PLC lifted its position in shares of Brink's by 119.0% in the fourth quarter. Hsbc Holdings PLC now owns 13,156 shares of the business services provider's stock worth $1,220,000 after buying an additional 7,149 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in Brink's in the 4th quarter valued at approximately $56,000. Northern Trust Corp boosted its holdings 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 valued at $56,896,000 after purchasing an additional 75,138 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in Brink's during the fourth quarter valued at approximately $367,000. Finally, Ariel Investments LLC boosted its holdings 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 valued at $118,941,000 after purchasing an additional 140,895 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Insider Activity at Brink's

In related news, Director Arthelbert Louis Parker sold 540 shares of the company'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 $62,100.00. Following the completion of the transaction, the director directly owned 6,603 shares in the company, valued at $759,345. This represents a 7.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith R. Wyche sold 475 shares of Brink'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 approximately $390,844.30. This represents a 11.43% 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 valued at $2,946,513 in the last quarter. 0.72% of the stock is owned by company insiders.

Brink's Stock Down 0.8%

NYSE BCO traded down $0.89 during trading hours on Wednesday, hitting $112.44. 207,479 shares of the company traded hands, compared to its average volume of 315,312. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 30.39 and a beta of 1.48. The business's 50-day moving average is $99.03 and its 200-day moving average is $91.49. Brink's Company has a twelve month low of $80.10 and a twelve month high of $115.91. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.51 and a current ratio of 1.51.

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, topping analysts' consensus estimates of $1.43 by $0.36. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. Brink's had a return on equity of 86.86% and a net margin of 3.21%.The business's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 earnings per share. Sell-side analysts anticipate that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

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

Wall Street Analyst Weigh In

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 analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $138.00.

Brink's Company 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.