Villanova Investment Management Co LLC Trims Holdings in Brink's Company (The) $BCO

Key Points

• Villanova Investment Management Co LLC reduced its stake in Brink's Company (The) by 64.1% to 5,611 shares, following the sale of 10,036 shares in the first quarter.
• Brink's Company reported $1.79 earnings per share for the last quarter, exceeding analysts’ expectations and representing a 3.8% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.255, with an annualized yield of 0.9% and a payout ratio of 27.57%.

Villanova Investment Management Co LLC trimmed its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 64.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,611 shares of the business services provider's stock after selling 10,036 shares during the quarter. Villanova Investment Management Co LLC's holdings in Brink's were worth $483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in BCO. Ameriprise Financial Inc. grew its stake in Brink's by 210.0% during the fourth quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider's stock worth $18,429,000 after purchasing an additional 134,582 shares during the period. Nuveen LLC acquired a new stake in Brink's during the first quarter worth approximately $9,929,000. Ariel Investments LLC grew its stake in Brink's by 8.7% during the first quarter. Ariel Investments LLC now owns 1,394,284 shares of the business services provider's stock worth $120,132,000 after purchasing an additional 112,180 shares during the period. GAMMA Investing LLC grew its stake in Brink's by 9,914.9% during the first quarter. GAMMA Investing LLC now owns 93,139 shares of the business services provider's stock worth $8,025,000 after purchasing an additional 92,209 shares during the period. Finally, Wellington Management Group LLP grew its stake in Brink's by 114.1% during the fourth quarter. Wellington Management Group LLP now owns 149,222 shares of the business services provider's stock worth $13,843,000 after purchasing an additional 79,529 shares during the period. 94.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Brink's Stock Down 1.5%

Shares of BCO stock traded down $1.78 during trading hours on Friday, reaching $115.74. The company had a trading volume of 175,718 shares, compared to its average volume of 285,666. Brink's Company has a 12 month low of $80.10 and a 12 month high of $117.65. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.51 and a quick ratio of 1.51. The business has a fifty day simple moving average of $102.75 and a 200-day simple moving average of $92.67. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 31.28 and a beta of 1.48.

Brink's (NYSE:BCO - Get Free Report) last posted its 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. Brink's had a return on equity of 86.86% and a net margin of 3.21%.The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company earned $1.67 earnings per share. The company's revenue for the quarter was up 3.8% on a year-over-year basis. On average, research analysts expect that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Announces Dividend

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

Insiders Place Their Bets

In other Brink's news, insider Michael E. Sweeney sold 746 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $115.00, for a total value of $85,790.00. Following the sale, the insider directly owned 7,785 shares in the company, valued at $895,275. The trade was a 8.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel J. Castillo sold 21,700 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $109.70, for a total value of $2,380,490.00. Following the completion of the sale, the executive vice president owned 22,188 shares in the company, valued at approximately $2,434,023.60. The trade was a 49.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,058 shares of company stock valued at $2,946,513. 0.49% of the stock is owned by insiders.

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.