Bank of New York Mellon Corp Sells 21,851 Shares of Brink’s Company (The) (NYSE:BCO)

Bank of New York Mellon Corp reduced its stake in shares of Brink’s Company (The) (NYSE:BCO) by 4.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 476,908 shares of the business services provider’s stock after selling 21,851 shares during the period. Bank of New York Mellon Corp owned approximately 1.10% of Brink’s worth $41,090,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in Brink’s by 1.2% in the first quarter. Principal Financial Group Inc. now owns 126,741 shares of the business services provider’s stock worth $10,920,000 after purchasing an additional 1,441 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Brink’s in the first quarter worth $550,000. First Horizon Advisors Inc. lifted its stake in Brink’s by 20.2% in the first quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider’s stock worth $89,000 after purchasing an additional 174 shares during the last quarter. Avidian Wealth Enterprises LLC bought a new stake in Brink’s in the first quarter worth $253,000. Finally, KBC Group NV lifted its stake in Brink’s by 26.1% in the first quarter. KBC Group NV now owns 2,170 shares of the business services provider’s stock worth $187,000 after purchasing an additional 449 shares during the last quarter. 94.96% of the stock is owned by institutional investors.

Brink’s Stock Performance

Brink’s stock opened at $93.67 on Tuesday. The firm has a fifty day simple moving average of $87.86 and a two-hundred day simple moving average of $89.24. Brink’s Company has a twelve month low of $80.10 and a twelve month high of $115.91. The company has a market capitalization of $3.93 billion, a PE ratio of 25.32 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 released its quarterly earnings data on Monday, May 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the company earned $1.52 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Research analysts expect that Brink’s Company will post 6.49 EPS for the current year.

Brink’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.09%. 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.