AXQ Capital LP purchased a new position in Brink’s Company (The) (NYSE:BCO – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,541 shares of the business services provider’s stock, valued at approximately $316,000.
A number of other institutional investors also recently modified their holdings of the company. Trust Co. of Toledo NA OH bought a new position in Brink’s during the second quarter worth $32,000. CWM LLC grew its holdings in Brink’s by 53.8% during the 2nd quarter. CWM LLC now owns 512 shares of the business services provider’s stock worth $46,000 after acquiring an additional 179 shares during the period. Parkside Financial Bank & Trust grew its holdings in Brink’s by 67.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,178 shares of the business services provider’s stock worth $105,000 after acquiring an additional 474 shares during the period. GAMMA Investing LLC raised its position in shares of Brink’s by 27.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,381 shares of the business services provider’s stock worth $123,000 after acquiring an additional 300 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Brink’s by 10.2% in the 2nd quarter. Blue Trust Inc. now owns 1,993 shares of the business services provider’s stock valued at $178,000 after purchasing an additional 185 shares during the period. 94.96% of the stock is owned by institutional investors.
Brink’s Stock Performance
Shares of Brink’s stock opened at $110.96 on Tuesday. Brink’s Company has a 52 week low of $80.10 and a 52 week high of $118.60. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 9.84. The business has a 50 day moving average price of $113.30 and a 200-day moving average price of $101.91. The company has a market cap of $4.61 billion, a PE ratio of 29.99 and a beta of 1.46.
Brink’s Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 3rd will be issued a $0.255 dividend. The ex-dividend date is Monday, November 3rd. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. Brink’s’s dividend payout ratio is currently 26.09%.
Analyst Ratings Changes
BCO has been the subject of several recent analyst reports. Wall Street Zen raised Brink’s from a “hold” rating to a “strong-buy” rating in a research note on Sunday, August 10th. Zacks Research cut Brink’s from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings raised shares of Brink’s from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
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.
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