New York State Teachers Retirement System Lowers Stock Holdings in Brink’s Company (The) (NYSE:BCO)

New York State Teachers Retirement System trimmed its position in Brink’s Company (The) (NYSE:BCO) by 9.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,105 shares of the business services provider’s stock after selling 5,304 shares during the quarter. New York State Teachers Retirement System owned approximately 0.12% of Brink’s worth $4,489,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BCO. UMB Bank n.a. lifted its holdings in shares of Brink’s by 1,450.0% in 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 in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Brink’s in the fourth quarter worth about $56,000. 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 worth $93,000 after buying an additional 151 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Brink’s by 102.2% in 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 in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Brink’s in the fourth quarter worth about $152,000. 94.96% of the stock is owned by hedge funds and other institutional investors.

Brink’s Trading Up 1.2%

Shares of Brink’s stock opened at $94.46 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 10.93. The company’s 50-day moving average price is $87.40 and its 200-day moving average price is $89.13. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 25.53 and a beta of 1.43. Brink’s Company has a 12-month low of $80.10 and a 12-month high of $115.91.

Brink’s (NYSE:BCO) last posted its quarterly earnings data on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.43. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Brink’s had a net margin of 3.29% and a return on equity of 82.89%. Brink’s’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 earnings per share. On average, equities analysts expect that Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Increases Dividend

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