Allianz Asset Management GmbH Invests $638,000 in Brink's Company (The) (NYSE:BCO)

Key Points

• Allianz Asset Management GmbH acquired 7,400 shares of Brink's Company valued at approximately $638,000 in the first quarter.
• Brink's Company reported earnings of $1.62 per share for the last quarter, exceeding analyst estimates by $0.43.
• The company announced a quarterly dividend of $0.255, representing an annualized yield of 1.2%, which will be paid on September 2nd.

Allianz Asset Management GmbH bought a new stake in Brink's Company (The) (NYSE:BCO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,400 shares of the business services provider's stock, valued at approximately $638,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BCO. UMB Bank n.a. raised its holdings in shares of Brink's by 1,450.0% during the first quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock valued at $43,000 after buying an additional 464 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in Brink's by 32.0% during the first quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock worth $46,000 after purchasing an additional 130 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in Brink's during the fourth quarter worth approximately $56,000. First Horizon Advisors Inc. raised its holdings in Brink's by 20.2% during the first quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock worth $89,000 after purchasing an additional 174 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Brink's by 16.2% during the first quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock worth $93,000 after purchasing an additional 151 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Brink's from a "buy" rating to a "hold" rating in a report on Saturday.

Brink's Price Performance

Shares of NYSE BCO traded up $1.27 during trading on Tuesday, hitting $88.77. The company had a trading volume of 357,342 shares, compared to its average volume of 305,628. The company has a market cap of $3.73 billion, a P/E ratio of 23.99 and a beta of 1.46. Brink's Company has a 52 week low of $80.10 and a 52 week high of $115.91. The business's 50-day moving average is $88.83 and its 200 day moving average is $89.16. 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 (NYSE:BCO - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.43. The company 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 firm's revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 earnings per share. Equities research analysts predict that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, July 28th will be issued a $0.255 dividend. The ex-dividend date is Monday, July 28th. This represents a $1.02 dividend on an annualized basis and a yield of 1.1%. Brink's's dividend payout ratio is currently 27.57%.

Brink's 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.