Teacher Retirement System of Texas Makes New Investment in Brink’s Company (The) (NYSE:BCO)

Teacher Retirement System of Texas bought a new position in Brink’s Company (The) (NYSE:BCO) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,385 shares of the business services provider’s stock, valued at approximately $550,000.

A number of other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its holdings in Brink’s by 20.2% in the 1st quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider’s stock worth $89,000 after acquiring an additional 174 shares during the last quarter. Avidian Wealth Enterprises LLC bought a new stake in shares of Brink’s in the 1st quarter worth $253,000. KBC Group NV increased its holdings in shares of Brink’s by 26.1% in the 1st 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 in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Brink’s by 16.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 67,086 shares of the business services provider’s stock worth $5,959,000 after purchasing an additional 9,541 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in shares of 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 valued at $104,000 after purchasing an additional 609 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Trading Up 0.6%

Brink’s stock opened at $92.47 on Thursday. Brink’s Company has a one year low of $80.10 and a one year high of $115.91. The business’s fifty day moving average is $87.93 and its 200 day moving average is $89.30. The stock has a market capitalization of $3.88 billion, a PE ratio of 24.99 and a beta of 1.43. The company has a debt-to-equity ratio of 10.93, a current ratio of 1.52 and a quick ratio of 1.52.

Brink’s (NYSE:BCO) last announced its quarterly earnings results 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. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Brink’s had a net margin of 3.29% and a return on equity of 82.89%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 EPS. On average, sell-side analysts predict that Brink’s Company will post 6.49 EPS for the current year.

Brink’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th will be paid a $0.255 dividend. 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 1.10%. Brink’s’s dividend payout ratio (DPR) is currently 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.