Mutual of America Capital Management LLC Lowers Stock Position in Brink’s Company (The) (NYSE:BCO)

Mutual of America Capital Management LLC decreased its position in shares of Brink’s Company (The) (NYSE:BCO) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,461 shares of the business services provider’s stock after selling 594 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Brink’s worth $1,935,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC increased its stake 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 acquiring an additional 510,389 shares during the period. American Century Companies Inc. grew its position in Brink’s by 0.7% during the fourth quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider’s stock valued at $138,845,000 after buying an additional 9,777 shares during the period. Ariel Investments LLC lifted its holdings in Brink’s by 12.3% during the fourth quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider’s stock valued at $118,941,000 after purchasing an additional 140,895 shares in the last quarter. Northern Trust Corp lifted its holdings in Brink’s by 14.0% during the fourth quarter. Northern Trust Corp now owns 613,301 shares of the business services provider’s stock valued at $56,896,000 after purchasing an additional 75,138 shares in the last quarter. Finally, Southernsun Asset Management LLC lifted its holdings in Brink’s by 15.4% during the fourth quarter. Southernsun Asset Management LLC now owns 597,633 shares of the business services provider’s stock valued at $55,442,000 after purchasing an additional 79,701 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Price Performance

Brink’s stock opened at $93.34 on Friday. Brink’s Company has a 12-month low of $80.10 and a 12-month high of $115.91. The stock has a market cap of $3.92 billion, a P/E ratio of 25.23 and a beta of 1.43. The company has a 50-day moving average price of $87.97 and a 200 day moving average price of $89.30. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 10.93.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.43. The business had revenue of $1.25 billion during 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%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the business earned $1.52 earnings per share. Sell-side analysts anticipate that Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th will be given a dividend of $0.255 per share. The ex-dividend date is Monday, July 28th. This represents a $1.02 annualized dividend and a dividend yield of 1.09%. Brink’s’s dividend payout ratio is presently 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.