The Brink’s Company (NYSE:BCO) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. boosted its stake in shares of The Brink’s Company (NYSE:BCO) by 1,450.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 496 shares of the business services provider’s stock after purchasing an additional 464 shares during the period. UMB Bank n.a.’s holdings in Brink’s were worth $43,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Sierra Ocean LLC purchased a new stake in Brink’s during the 4th quarter worth approximately $36,000. Aquatic Capital Management LLC acquired a new position in shares of Brink’s in the 4th quarter valued at $56,000. First Horizon Advisors Inc. boosted its stake in Brink’s by 41.0% during the fourth quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider’s stock worth $80,000 after buying an additional 250 shares during the period. Headlands Technologies LLC acquired a new stake in Brink’s in the 4th quarter valued at approximately $152,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Brink’s in the 4th quarter valued at $220,000. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Brink’s from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 8th.

Brink’s Stock Performance

Shares of Brink’s stock opened at $84.08 on Friday. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 31.85 and a beta of 1.43. The firm’s fifty day simple moving average is $86.90 and its 200-day simple moving average is $89.73. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The Brink’s Company has a 12 month low of $80.10 and a 12 month high of $115.91.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.43. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Brink’s had a return on equity of 71.46% and a net margin of 2.37%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 EPS. As a group, equities analysts forecast that The Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Monday, May 19th. This is a positive change from Brink’s’s previous quarterly dividend of $0.24. Brink’s’s payout ratio is 27.57%.

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.