Wellington Management Group LLP Grows Position 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 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,696 shares of the business services provider's stock after purchasing an additional 6,474 shares during the quarter. Wellington Management Group LLP owned about 0.36% of Brink's worth $13,415,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BCO. UMB Bank n.a. increased its holdings in shares of Brink's by 1,450.0% in the first quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock worth $43,000 after purchasing an additional 464 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in shares of Brink's by 32.0% in the first quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock worth $46,000 after purchasing an additional 130 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of Brink's in the fourth quarter worth about $56,000. First Horizon Advisors Inc. increased its holdings in shares of Brink's by 20.2% in the first quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock worth $89,000 after purchasing an additional 174 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Brink's by 16.2% in the first 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. 94.96% of the stock is owned by institutional investors.

Brink's Trading Down 0.1%

BCO traded down $0.10 on Monday, reaching $111.98. 354,226 shares of the company traded hands, compared to its average volume of 390,694. Brink's Company has a one year low of $80.10 and a one year high of $115.91. The firm has a fifty day simple moving average of $98.54 and a two-hundred day simple moving average of $91.34. The company has a market cap of $4.66 billion, a P/E ratio of 30.26 and a beta of 1.48. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.84.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.21% and a return on equity of 86.86%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business posted $1.67 EPS. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts expect 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. Shareholders of record on Monday, July 28th will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, July 28th. Brink's's dividend payout ratio (DPR) is currently 27.57%.

Insider Buying and Selling

In other news, Director Keith R. Wyche sold 475 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $106.15, for a total value of $50,421.25. Following the completion of the transaction, the director owned 3,682 shares of the company's stock, valued at $390,844.30. The trade was a 11.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Arthelbert Louis Parker sold 540 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $115.00, for a total transaction of $62,100.00. Following the transaction, the director owned 6,603 shares of the company's stock, valued at approximately $759,345. This trade represents a 7.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,058 shares of company stock worth $2,946,513. Corporate insiders own 0.72% of the company's stock.

Analysts Set New Price Targets

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

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.