M&T Bank Corp Sells 15,032 Shares of Brink’s Company (The) (NYSE:BCO)

M&T Bank Corp lowered its position in Brink’s Company (The) (NYSE:BCO) by 68.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,085 shares of the business services provider’s stock after selling 15,032 shares during the period. M&T Bank Corp’s holdings in Brink’s were worth $610,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BCO. FMR LLC lifted its position in shares of Brink’s by 12.0% in the fourth quarter. FMR LLC now owns 4,755,037 shares of the business services provider’s stock worth $441,125,000 after buying an additional 510,389 shares in the last quarter. Norges Bank purchased a new stake in shares of Brink’s in the fourth quarter worth about $46,603,000. Ariel Investments LLC lifted its position in shares of Brink’s by 12.3% in the fourth quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider’s stock worth $118,941,000 after buying an additional 140,895 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Brink’s by 210.0% in the fourth quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider’s stock worth $18,429,000 after buying an additional 134,582 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in Brink’s by 24.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 481,115 shares of the business services provider’s stock valued at $44,633,000 after purchasing an additional 95,318 shares during the period. Institutional investors own 94.96% of the company’s stock.

Brink’s Trading Down 1.9%

Shares of BCO stock opened at $91.90 on Wednesday. Brink’s Company has a 1 year low of $80.10 and a 1 year high of $115.91. The company has a debt-to-equity ratio of 10.93, a current ratio of 1.52 and a quick ratio of 1.52. The stock’s 50 day simple moving average is $87.91 and its two-hundred day simple moving average is $89.28. The company has a market cap of $3.86 billion, a PE ratio of 24.84 and a beta of 1.43.

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

Brink’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, July 28th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.11%. 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.