Zurcher Kantonalbank Zurich Cantonalbank Reduces Position in Brink’s Company (The) (NYSE:BCO)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Brink’s Company (The) (NYSE:BCO) by 12.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,068 shares of the business services provider’s stock after selling 970 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brink’s were worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of Brink’s by 1,450.0% during the 1st quarter. UMB Bank n.a. now owns 496 shares of the business services provider’s stock worth $43,000 after acquiring an additional 464 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of Brink’s by 32.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider’s stock valued at $46,000 after buying an additional 130 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Brink’s during the 4th quarter valued at $56,000. First Horizon Advisors Inc. lifted its stake in shares of Brink’s by 20.2% during the 1st quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider’s stock valued at $89,000 after buying an additional 174 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Brink’s by 16.2% during the 1st quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider’s stock valued at $93,000 after buying an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Stock Up 12.6%

BCO opened at $99.81 on Thursday. The company has a debt-to-equity ratio of 10.93, a quick ratio of 1.52 and a current ratio of 1.52. Brink’s Company has a fifty-two week low of $80.10 and a fifty-two week high of $115.91. The firm’s fifty day moving average is $89.24 and its 200 day moving average is $89.24. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 26.98 and a beta of 1.46.

Brink’s (NYSE:BCO) last announced its quarterly earnings results on Wednesday, August 6th. The business services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.36. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 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 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 EPS. On average, sell-side analysts forecast that Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, July 28th. Brink’s’s payout ratio is currently 27.57%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Brink’s from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd.

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.