Yousif Capital Management LLC Trims Stake in Brink’s Company (The) $BCO

Yousif Capital Management LLC reduced its position in shares of Brink’s Company (The) (NYSE:BCO) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,298 shares of the business services provider’s stock after selling 697 shares during the period. Yousif Capital Management LLC’s holdings in Brink’s were worth $1,277,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. grew its position in Brink’s by 1.9% in the first quarter. American Century Companies Inc. now owns 1,525,099 shares of the business services provider’s stock worth $131,403,000 after acquiring an additional 28,439 shares in the last quarter. Ariel Investments LLC grew its position in Brink’s by 8.7% in the first quarter. Ariel Investments LLC now owns 1,394,284 shares of the business services provider’s stock worth $120,132,000 after acquiring an additional 112,180 shares in the last quarter. Channing Capital Management LLC grew its position in Brink’s by 7.6% in the first quarter. Channing Capital Management LLC now owns 890,700 shares of the business services provider’s stock worth $76,743,000 after acquiring an additional 62,676 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Brink’s by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 546,372 shares of the business services provider’s stock worth $47,075,000 after acquiring an additional 4,524 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Brink’s by 3.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 533,038 shares of the business services provider’s stock worth $45,927,000 after acquiring an additional 15,323 shares in the last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on BCO. Weiss Ratings reiterated a “hold (c+)” rating on shares of Brink’s in a research report on Wednesday, October 8th. Zacks Research lowered shares of Brink’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, 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 research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $138.00.

Brink’s Stock Performance

Brink’s stock opened at $113.71 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.84. The company has a market capitalization of $4.74 billion, a PE ratio of 30.73 and a beta of 1.44. The firm has a fifty day simple moving average of $113.50 and a two-hundred day simple moving average of $97.64. Brink’s Company has a twelve month low of $80.10 and a twelve month high of $118.60.

Brink’s (NYSE:BCO) last posted 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 business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.27 billion. Brink’s had a net margin of 3.21% and a return on equity of 86.86%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 earnings per share. Research analysts expect that Brink’s Company will post 6.49 EPS for the current year.

Brink’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend 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 27.57%.

Insider Activity

In other news, Director Keith R. Wyche sold 475 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $106.15, for a total transaction of $50,421.25. Following the completion of the transaction, the director directly owned 3,682 shares of the company’s stock, valued at approximately $390,844.30. This represents a 11.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Arthelbert Louis Parker sold 540 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $115.00, for a total transaction of $62,100.00. Following the transaction, the director directly owned 6,603 shares of the company’s stock, valued at approximately $759,345. This trade represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 26,570 shares of company stock valued at $2,900,153. 0.49% of the stock is currently owned by insiders.

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.