Allspring Global Investments Holdings LLC Purchases 9,541 Shares of Brink's Company (The) (NYSE:BCO)

Allspring Global Investments Holdings LLC boosted its stake in Brink's Company (The) (NYSE:BCO - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,086 shares of the business services provider's stock after purchasing an additional 9,541 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.16% of Brink's worth $5,959,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nomura Holdings Inc. purchased a new position in shares of Brink's during the 4th quarter valued at $536,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Brink's in the 4th quarter valued at about $220,000. JPMorgan Chase & Co. raised its holdings in shares of Brink's by 23.7% in the 4th quarter. JPMorgan Chase & Co. now owns 298,386 shares of the business services provider's stock valued at $27,681,000 after acquiring an additional 57,109 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Brink's by 102.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,205 shares of the business services provider's stock valued at $104,000 after acquiring an additional 609 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Brink's by 22.9% in the 4th quarter. Bank of Montreal Can now owns 5,869 shares of the business services provider's stock valued at $544,000 after acquiring an additional 1,092 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Price Performance

Shares of NYSE:BCO traded up $0.75 on Tuesday, hitting $95.24. The company's stock had a trading volume of 52,989 shares, compared to its average volume of 306,567. The company has a 50-day simple moving average of $87.52 and a 200 day simple moving average of $89.16. Brink's Company has a 1 year low of $80.10 and a 1 year high of $115.91. The company has a market capitalization of $4.00 billion, a PE ratio of 25.74 and a beta of 1.43. The company has a debt-to-equity ratio of 10.93, a current ratio of 1.52 and a quick ratio of 1.52.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.43. Brink's had a return on equity of 82.89% and a net margin of 3.29%. The firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter last year, the firm posted $1.52 EPS. The company's revenue was up .9% compared to the same quarter last year. Sell-side analysts forecast that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.07%. This is a positive change from Brink's's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, May 19th. Brink's's dividend payout ratio (DPR) is presently 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.