Strs Ohio Acquires New Holdings in Brink's Company (The) $BCO

Key Points

• Strs Ohio acquired a new position in Brink's Company by purchasing 3,200 shares valued at approximately $276,000.
• Wall Street analysts have upgraded Brink's stock from a "hold" rating to a "strong-buy" rating, with a consensus target price of $138.00.
• Brink's announced a quarterly dividend of $0.255 per share, resulting in an annualized yield of 0.9%, with the ex-dividend date set for November 3rd.

Strs Ohio purchased a new position in shares of Brink's Company (The) (NYSE:BCO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,200 shares of the business services provider's stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. lifted its stake in Brink's by 1.2% in 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 acquiring an additional 1,441 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Brink's by 16.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 67,086 shares of the business services provider's stock worth $5,959,000 after purchasing an additional 9,541 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Brink's by 16.2% in the 1st quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock worth $93,000 after purchasing an additional 151 shares during the last quarter. KBC Group NV grew its holdings in Brink's by 26.1% during the 1st quarter. KBC Group NV now owns 2,170 shares of the business services provider's stock worth $187,000 after acquiring an additional 449 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Brink's during the 4th quarter worth about $220,000. 94.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Brink's presently has an average rating of "Buy" and a consensus target price of $138.00.

Insider Transactions at Brink's

In related news, insider Michael E. Sweeney sold 1,314 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $99.05, for a total value of $130,151.70. Following the completion of the sale, the insider directly owned 10,326 shares of the company's stock, valued at approximately $1,022,790.30. This represents a 11.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Keith R. Wyche sold 475 shares of Brink's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $106.15, for a total value of $50,421.25. Following the sale, the director owned 3,682 shares in the company, valued at $390,844.30. The trade was a 11.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,058 shares of company stock valued at $2,946,513 over the last ninety days. Company insiders own 0.49% of the company's stock.

Brink's Trading Up 0.5%

Shares of Brink's stock opened at $116.32 on Thursday. The stock has a market cap of $4.85 billion, a PE ratio of 31.44 and a beta of 1.48. The firm has a 50-day moving average of $106.21 and a 200-day moving average of $94.09. Brink's Company has a 52-week low of $80.10 and a 52-week high of $117.99. 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 issued its earnings results on Wednesday, August 6th. The business services provider reported $1.79 EPS for the quarter, topping the consensus estimate of $1.43 by $0.36. The firm had revenue of $1.30 billion during 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 quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 earnings per share. As a group, sell-side analysts forecast that Brink's Company will post 6.49 EPS for the current year.

Brink's Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 3rd will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 3rd. Brink's's dividend payout ratio is presently 27.57%.

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.

Want to see what other hedge funds are holding BCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brink's Company (The) (NYSE:BCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.