Brink’s Company (The) (NYSE:BCO) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in shares of Brink’s Company (The) (NYSE:BCO) by 115.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,812 shares of the business services provider’s stock after buying an additional 4,715 shares during the period. SG Americas Securities LLC’s holdings in Brink’s were worth $759,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Financial Group LLC purchased a new stake in shares of Brink’s in the first quarter valued at about $234,000. GAMMA Investing LLC lifted 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 valued at $93,000 after purchasing an additional 151 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Brink’s by 28.3% during the first quarter. Harbor Capital Advisors Inc. now owns 27,679 shares of the business services provider’s stock valued at $2,385,000 after buying an additional 6,105 shares during the period. UMB Bank n.a. lifted its stake in shares of Brink’s by 1,450.0% during the first quarter. UMB Bank n.a. now owns 496 shares of the business services provider’s stock valued at $43,000 after buying an additional 464 shares during the period. Finally, Vest Financial LLC purchased a new position in shares of Brink’s during the first quarter valued at approximately $761,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Brink’s Stock Performance

Shares of BCO stock opened at $87.02 on Friday. Brink’s Company has a one year low of $80.10 and a one year high of $115.91. The company has a debt-to-equity ratio of 10.93, a quick ratio of 1.52 and a current ratio of 1.52. The company has a 50 day moving average price of $86.97 and a 200 day moving average price of $89.50. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 23.52 and a beta of 1.43.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.19 by $0.43. Brink’s had a net margin of 3.29% and a return on equity of 82.89%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the business posted $1.52 earnings per share. Brink’s’s revenue for the quarter was up .9% compared to the same quarter last year. Sell-side analysts anticipate that Brink’s Company will post 6.49 EPS for the current year.

Brink’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $0.255 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.02 annualized dividend and a dividend yield of 1.17%. This is a positive change from Brink’s’s previous quarterly dividend of $0.24. Brink’s’s dividend payout ratio is presently 27.57%.

Brink’s Company 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.