Yousif Capital Management LLC Sells 697 Shares of Brink’s Company (The) $BCO

Yousif Capital Management LLC reduced its stake in Brink’s Company (The) (NYSE:BCO) by 4.6% in the second quarter, according to the company in its most recent Form 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 reporting period.

A number of other institutional investors also recently bought and sold shares of BCO. Nuveen LLC bought a new position in Brink’s in the first quarter worth about $9,929,000. Ariel Investments LLC raised its stake 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 buying an additional 112,180 shares in the last quarter. Channing Capital Management LLC raised its stake 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 buying an additional 62,676 shares in the last quarter. Victory Capital Management Inc. raised its stake in Brink’s by 8.2% in the first quarter. Victory Capital Management Inc. now owns 488,452 shares of the business services provider’s stock worth $42,085,000 after buying an additional 37,142 shares in the last quarter. Finally, American Century Companies Inc. raised its stake 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 buying an additional 28,439 shares in the last quarter. 94.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on BCO. Weiss Ratings reissued a “hold (c+)” rating on shares of Brink’s in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Brink’s from a “strong-buy” rating to a “hold” rating in a research note 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 equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Brink’s currently has an average rating of “Hold” and a consensus target price of $138.00.

Brink’s Price Performance

Shares of NYSE BCO opened at $113.71 on Tuesday. Brink’s Company has a fifty-two week low of $80.10 and a fifty-two week high of $118.60. The company has a 50 day simple moving average of $113.50 and a two-hundred day simple moving average of $97.64. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 30.73 and a beta of 1.44. 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) last announced 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 net margin of 3.21% and a return on equity of 86.86%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that Brink’s Company will post 6.49 EPS for the current fiscal year.

Brink’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 3rd will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. Brink’s’s dividend payout ratio (DPR) is 27.57%.

Insider Activity

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

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.