Southernsun Asset Management Reduces Brink's Stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 19 2026
0mins
Source: Fool
- Share Reduction Transaction: On May 13, 2026, Southernsun Asset Management sold 99,349 shares of Brink's, with an estimated transaction value of $11.92 million, reflecting average price fluctuations during the first quarter of 2026.
- Position Value Change: Following the sale, Brink's net position value decreased by $15.75 million over the quarter, indicating the dual impact of market price movements and trading activities, resulting in the position accounting for 4.76% of the fund's 13F AUM.
- Position Management Strategy: Although the reduction caused Brink's to fall out of Southernsun's top five holdings, the fund still retains 316,643 shares, suggesting a continued long-term investment confidence in Brink's, primarily for risk management purposes.
- Market Performance Analysis: As of May 18, 2026, Brink's shares were priced at $104.98, reflecting a 19.47% increase over the past year, yet underperforming the S&P 500 by 4.8 percentage points, highlighting the company's competitive strengths and market challenges in the secure logistics sector.
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Analyst Views on BCO
About BCO
The Brink's Company is a global provider of cash and valuables management, digital retail solutions, and automated teller machine (ATM) managed services. Its segments include North America, Latin America, Europe, and Rest of World. Its cash and valuables management services include Cash-in-transit services, Basic ATM services, Brink's Global Services, Cash management services, Vaulting services, and other services. Its Digital Retail Solutions includes services that facilitate faster access to cash deposits leveraging its tech-enabled sales and software platforms and enable enhanced customer analytics and visibility. Its ATM Managed Services provides an economical solution for financial institutions, retailers, and independent ATM owners to outsource day-to-day operation of ATMs. Its customers include financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations around the world. Its global network serves customers in over 100 countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Southernsun Reduces Brink's Stake by 99,349 Shares
- Share Reduction Details: On May 13, 2026, Southernsun Asset Management sold 99,349 shares of Brink's, with an estimated transaction value of $11.92 million, reflecting the firm's strategic adjustment in its holdings during the quarter.
- Position Value Change: The net position value for Brink's decreased by $15.75 million over the quarter, driven by both the share sales and market price fluctuations, indicating the impact of market conditions on the investment portfolio.
- Holding Proportion Adjustment: Post-sale, Southernsun retains 316,643 shares of Brink's valued at $32.81 million, which now accounts for 4.76% of its 13F AUM, moving it outside the top five holdings, highlighting the firm's focus on concentration management.
- Market Reaction and Investment Signal: Although Southernsun trimmed its stake in Brink's, this does not suggest a negative outlook on the company; investors should consider their own reasons for holding the stock and any changes in the underlying business rather than relying solely on the signals from the 13F filing.
See More
Southernsun Asset Management Reduces Brink's Stake
- Share Reduction Transaction: On May 13, 2026, Southernsun Asset Management sold 99,349 shares of Brink's, with an estimated transaction value of $11.92 million, reflecting average price fluctuations during the first quarter of 2026.
- Position Value Change: Following the sale, Brink's net position value decreased by $15.75 million over the quarter, indicating the dual impact of market price movements and trading activities, resulting in the position accounting for 4.76% of the fund's 13F AUM.
- Position Management Strategy: Although the reduction caused Brink's to fall out of Southernsun's top five holdings, the fund still retains 316,643 shares, suggesting a continued long-term investment confidence in Brink's, primarily for risk management purposes.
- Market Performance Analysis: As of May 18, 2026, Brink's shares were priced at $104.98, reflecting a 19.47% increase over the past year, yet underperforming the S&P 500 by 4.8 percentage points, highlighting the company's competitive strengths and market challenges in the secure logistics sector.
See More
Brink's Company Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: Brink's Company reported a 10% revenue increase in Q1, with a 15% organic growth in ATM Managed Services and Digital Retail Solutions, indicating substantial progress in its transformation and enhancing market competitiveness.
- Record EBITDA: The company achieved an EBITDA of $238 million in Q1, with a margin of 17.3%, and for the first time, the trailing 12-month EBITDA surpassed $1 billion, reflecting a sustained improvement in profitability.
- Strong Free Cash Flow: Free cash flow exceeded $0.5 billion for the first time, with an EBITDA conversion rate of 50%, providing robust support for future investments and shareholder returns, indicating a healthy financial position.
- Acquisition Accelerates Growth: The acquisition of NCR Atleos is expected to accelerate the capture of AMS and DRS customers, while the anticipated $200 million in cost synergies will further enhance operational efficiency, supporting the company's future growth strategy.
See More
Brink's Q1 Earnings Exceed Expectations
- Earnings Beat: Brink's reported a Q1 Non-GAAP EPS of $1.80, surpassing expectations by $0.21, indicating strong profitability growth that boosts investor confidence.
- Significant Revenue Growth: The company achieved $1.38 billion in revenue for Q1, reflecting a 10.4% year-over-year increase and exceeding market expectations by $20 million, showcasing its sustained competitive strength in the market.
- Optimistic Outlook: Brink's provided revenue guidance for 2026 between $1.37 billion and $1.43 billion, although slightly below the $1.41 billion consensus, it anticipates organic revenue growth in the mid-to-high single digits, indicating stable growth potential.
- Profitability Improvement: The company expects adjusted EBITDA margin expansion of 30-50 basis points and free cash flow conversion rates between 40-45%, demonstrating proactive efforts in enhancing operational efficiency and capital management.
See More
Brink's Company Q1 Earnings Announcement Scheduled
- Earnings Release Date: Brink's Company is set to announce its Q1 earnings on May 6 before market open, with a consensus EPS estimate of $1.59, reflecting a 1.9% year-over-year decline, indicating potential profitability challenges ahead.
- Revenue Expectations: The anticipated revenue for Q1 is $1.36 billion, representing an 8.8% year-over-year increase, suggesting that despite the EPS decline, the company maintains resilience in revenue growth, likely reflecting ongoing demand for its services.
- Historical Performance Review: Over the past two years, Brink's has beaten EPS and revenue estimates 63% of the time, providing investor confidence and indicating stability in its profitability metrics.
- Estimate Revision Dynamics: In the last three months, there have been no upward revisions to EPS estimates and three downward revisions, while revenue estimates saw three upward revisions, reflecting a mixed outlook where market optimism for revenue growth contrasts with profitability pressures.
See More
ADT Shares Drop as Major Shareholder Exits via Secondary Offering
- Stock Price Decline: ADT shares closed at $7.06, down 6.49%, primarily due to Apollo Global Management's complete exit through a secondary offering of 102 million shares, heightening market concerns about stock performance.
- Surge in Trading Volume: Today's trading volume reached 50.1 million shares, approximately 309% above the three-month average of 12.3 million shares, indicating a strong market reaction to the news of Apollo's divestment, which may exacerbate stock volatility.
- Share Buyback Plan: ADT is repurchasing approximately 29.1 million shares from underwriters, which accounts for less than one-third of the shares sold in the secondary offering, aiming to alleviate short-term supply pressure and demonstrate commitment to shareholder value.
- Market Reaction: Following Apollo's exit, investor focus intensifies on ADT's future performance, particularly whether the company's buyback efforts can mitigate downward pressure from the block sale, impacting its long-term stock trajectory.
See More
Southernsun Reduces Brink's Stake by 99,349 Shares
- Share Reduction Details: On May 13, 2026, Southernsun Asset Management sold 99,349 shares of Brink's, with an estimated transaction value of $11.92 million, reflecting the firm's strategic adjustment in its holdings during the quarter.
- Position Value Change: The net position value for Brink's decreased by $15.75 million over the quarter, driven by both the share sales and market price fluctuations, indicating the impact of market conditions on the investment portfolio.
- Holding Proportion Adjustment: Post-sale, Southernsun retains 316,643 shares of Brink's valued at $32.81 million, which now accounts for 4.76% of its 13F AUM, moving it outside the top five holdings, highlighting the firm's focus on concentration management.
- Market Reaction and Investment Signal: Although Southernsun trimmed its stake in Brink's, this does not suggest a negative outlook on the company; investors should consider their own reasons for holding the stock and any changes in the underlying business rather than relying solely on the signals from the 13F filing.
See More
Southernsun Asset Management Reduces Brink's Stake
- Share Reduction Transaction: On May 13, 2026, Southernsun Asset Management sold 99,349 shares of Brink's, with an estimated transaction value of $11.92 million, reflecting average price fluctuations during the first quarter of 2026.
- Position Value Change: Following the sale, Brink's net position value decreased by $15.75 million over the quarter, indicating the dual impact of market price movements and trading activities, resulting in the position accounting for 4.76% of the fund's 13F AUM.
- Position Management Strategy: Although the reduction caused Brink's to fall out of Southernsun's top five holdings, the fund still retains 316,643 shares, suggesting a continued long-term investment confidence in Brink's, primarily for risk management purposes.
- Market Performance Analysis: As of May 18, 2026, Brink's shares were priced at $104.98, reflecting a 19.47% increase over the past year, yet underperforming the S&P 500 by 4.8 percentage points, highlighting the company's competitive strengths and market challenges in the secure logistics sector.
See More
Brink's Company Q1 2026 Earnings Call Highlights
- Significant Revenue Growth: Brink's Company reported a 10% revenue increase in Q1, with a 15% organic growth in ATM Managed Services and Digital Retail Solutions, indicating substantial progress in its transformation and enhancing market competitiveness.
- Record EBITDA: The company achieved an EBITDA of $238 million in Q1, with a margin of 17.3%, and for the first time, the trailing 12-month EBITDA surpassed $1 billion, reflecting a sustained improvement in profitability.
- Strong Free Cash Flow: Free cash flow exceeded $0.5 billion for the first time, with an EBITDA conversion rate of 50%, providing robust support for future investments and shareholder returns, indicating a healthy financial position.
- Acquisition Accelerates Growth: The acquisition of NCR Atleos is expected to accelerate the capture of AMS and DRS customers, while the anticipated $200 million in cost synergies will further enhance operational efficiency, supporting the company's future growth strategy.
See More
Brink's Q1 Earnings Exceed Expectations
- Earnings Beat: Brink's reported a Q1 Non-GAAP EPS of $1.80, surpassing expectations by $0.21, indicating strong profitability growth that boosts investor confidence.
- Significant Revenue Growth: The company achieved $1.38 billion in revenue for Q1, reflecting a 10.4% year-over-year increase and exceeding market expectations by $20 million, showcasing its sustained competitive strength in the market.
- Optimistic Outlook: Brink's provided revenue guidance for 2026 between $1.37 billion and $1.43 billion, although slightly below the $1.41 billion consensus, it anticipates organic revenue growth in the mid-to-high single digits, indicating stable growth potential.
- Profitability Improvement: The company expects adjusted EBITDA margin expansion of 30-50 basis points and free cash flow conversion rates between 40-45%, demonstrating proactive efforts in enhancing operational efficiency and capital management.
See More
Brink's Company Q1 Earnings Announcement Scheduled
- Earnings Release Date: Brink's Company is set to announce its Q1 earnings on May 6 before market open, with a consensus EPS estimate of $1.59, reflecting a 1.9% year-over-year decline, indicating potential profitability challenges ahead.
- Revenue Expectations: The anticipated revenue for Q1 is $1.36 billion, representing an 8.8% year-over-year increase, suggesting that despite the EPS decline, the company maintains resilience in revenue growth, likely reflecting ongoing demand for its services.
- Historical Performance Review: Over the past two years, Brink's has beaten EPS and revenue estimates 63% of the time, providing investor confidence and indicating stability in its profitability metrics.
- Estimate Revision Dynamics: In the last three months, there have been no upward revisions to EPS estimates and three downward revisions, while revenue estimates saw three upward revisions, reflecting a mixed outlook where market optimism for revenue growth contrasts with profitability pressures.
See More
ADT Shares Drop as Major Shareholder Exits via Secondary Offering
- Stock Price Decline: ADT shares closed at $7.06, down 6.49%, primarily due to Apollo Global Management's complete exit through a secondary offering of 102 million shares, heightening market concerns about stock performance.
- Surge in Trading Volume: Today's trading volume reached 50.1 million shares, approximately 309% above the three-month average of 12.3 million shares, indicating a strong market reaction to the news of Apollo's divestment, which may exacerbate stock volatility.
- Share Buyback Plan: ADT is repurchasing approximately 29.1 million shares from underwriters, which accounts for less than one-third of the shares sold in the secondary offering, aiming to alleviate short-term supply pressure and demonstrate commitment to shareholder value.
- Market Reaction: Following Apollo's exit, investor focus intensifies on ADT's future performance, particularly whether the company's buyback efforts can mitigate downward pressure from the block sale, impacting its long-term stock trajectory.
See More
