Wellington Management Group LLP Has $13.42 Million Stake in Brink's Company (The) $BCO

Key Points

• Wellington Management Group LLP has increased its stake in Brink's Company by 4.3%, acquiring an additional 6,474 shares, bringing its total ownership to 155,696 shares worth approximately $13.4 million.
• Brink's has reported a strong earnings performance, with earnings per share of $1.79, surpassing estimates of $1.43, and revenue of $1.30 billion, exceeding expectations of $1.27 billion.
• The company recently announced a quarterly dividend of $0.255 per share, representing an annualized yield of 0.9%, with a payout ratio of 27.57%.

Wellington Management Group LLP lifted its position in Brink's Company (The) (NYSE:BCO - Free Report) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,696 shares of the business services provider's stock after acquiring an additional 6,474 shares during the period. Wellington Management Group LLP owned approximately 0.36% of Brink's worth $13,415,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nomura Holdings Inc. acquired a new stake in shares of Brink's in the 4th quarter valued at approximately $536,000. Principal Financial Group Inc. increased its stake in Brink's by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 126,741 shares of the business services provider's stock worth $10,920,000 after purchasing an additional 1,441 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Brink's by 16.6% during 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 in the last quarter. GAMMA Investing LLC increased its stake in Brink's by 16.2% during 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 in the last quarter. Finally, KBC Group NV increased its stake 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 purchasing an additional 449 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Brink's news, insider Michael E. Sweeney sold 1,314 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $99.05, for a total transaction of $130,151.70. Following the completion of the sale, the insider owned 10,326 shares of the company's stock, valued at $1,022,790.30. This trade represents a 11.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Castillo sold 21,700 shares of the firm'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 sale, the executive vice president directly owned 22,188 shares of the company's stock, valued at $2,434,023.60. This represents a 49.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,058 shares of company stock valued at $2,946,513 over the last three months. Corporate insiders own 0.49% of the company's stock.

Analyst Ratings Changes

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 research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $138.00.

Brink's Stock Down 0.1%

Shares of BCO traded down $0.10 during mid-day trading on Friday, hitting $111.98. 354,226 shares of the company's stock were exchanged, compared to its average volume of 385,423. The company has a market cap of $4.66 billion, a PE ratio of 30.26 and a beta of 1.46. Brink's Company has a 52 week low of $80.10 and a 52 week high of $115.91. The company has a 50-day simple moving average of $98.01 and a 200 day simple moving average of $91.23. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.51 and a quick ratio of 1.51.

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

Brink's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, July 28th will be paid a $0.255 dividend. The ex-dividend date of this dividend is 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%.

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.