Amalgamated Bank Has $1.68 Million Holdings in Brink’s Company (The) (NYSE:BCO)

Amalgamated Bank lessened its position in shares of Brink’s Company (The) (NYSE:BCO) by 2.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,513 shares of the business services provider’s stock after selling 390 shares during the period. Amalgamated Bank’s holdings in Brink’s were worth $1,681,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BCO. UMB Bank n.a. raised its stake in 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 worth $43,000 after buying an additional 464 shares during the last quarter. Aquatic Capital Management LLC bought a new position in Brink’s during the fourth quarter worth $56,000. GAMMA Investing LLC raised its stake in Brink’s by 16.2% during the first quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider’s stock worth $93,000 after buying an additional 151 shares during the last quarter. Golden State Wealth Management LLC raised its stake in Brink’s by 102.2% during the first quarter. Golden State Wealth Management LLC now owns 1,205 shares of the business services provider’s stock worth $104,000 after buying an additional 609 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Brink’s during the fourth quarter worth $152,000. Institutional investors own 94.96% of the company’s stock.

Brink’s Price Performance

Shares of NYSE BCO opened at $94.46 on Monday. Brink’s Company has a twelve month low of $80.10 and a twelve month high of $115.91. The firm has a fifty day simple moving average of $87.40 and a 200 day simple moving average of $89.13. The company has a market capitalization of $3.97 billion, a PE ratio of 25.53 and a beta of 1.43. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 10.93.

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

Brink’s Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a $0.255 dividend. This is an increase from Brink’s’s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Monday, May 19th. 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.