Allspring Global Investments Holdings LLC Has $5.96 Million Stock Holdings in Brink's Company (The) (NYSE:BCO)

Allspring Global Investments Holdings LLC lifted its position in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 16.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,086 shares of the business services provider's stock after purchasing an additional 9,541 shares during the period. Allspring Global Investments Holdings LLC owned 0.16% of Brink's worth $5,959,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BCO. UMB Bank n.a. boosted its holdings 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 buying an additional 464 shares during the period. Aquatic Capital Management LLC bought a new stake in shares of Brink's during the 4th quarter worth about $56,000. GAMMA Investing LLC boosted its holdings 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 worth $93,000 after buying an additional 151 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of Brink's by 102.2% during the 1st quarter. Golden State Wealth Management LLC now owns 1,205 shares of the business services provider's stock worth $104,000 after buying an additional 609 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Brink's in the 4th quarter valued at about $152,000. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink's Stock Performance

NYSE BCO traded down $0.45 during trading on Wednesday, reaching $94.17. The company's stock had a trading volume of 176,240 shares, compared to its average volume of 307,930. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 10.93. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 25.45 and a beta of 1.43. Brink's Company has a 12 month low of $80.10 and a 12 month high of $115.91. The firm has a 50 day moving average price of $87.71 and a 200 day moving average price of $89.23.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings data 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. Brink's had a net margin of 3.29% and a return on equity of 82.89%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The business's revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities analysts anticipate that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Monday, May 19th. This is an increase from Brink's's previous quarterly dividend of $0.24. Brink's's dividend payout ratio is 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.