Avidian Wealth Enterprises LLC Purchases New Shares in Brink's Company (The) (NYSE:BCO)

Avidian Wealth Enterprises LLC bought a new stake in Brink's Company (The) (NYSE:BCO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,940 shares of the business services provider's stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised its stake in Brink's by 1,450.0% in the first quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock valued at $43,000 after purchasing an additional 464 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Brink's during the fourth quarter worth approximately $56,000. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 151 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Brink's by 102.2% during the first quarter. Golden State Wealth Management LLC now owns 1,205 shares of the business services provider's stock worth $104,000 after acquiring an additional 609 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Brink's during the fourth quarter worth approximately $152,000. 94.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Brink's from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 8th.

Brink's Price Performance

Shares of BCO stock traded up $1.13 during trading hours on Friday, hitting $94.46. 140,372 shares of the company's stock were exchanged, compared to its average volume of 307,853. The company has a market capitalization of $3.97 billion, a PE ratio of 25.53 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 business's 50 day simple moving average is $87.40 and its 200-day simple moving average is $89.13. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 10.93.

Brink's (NYSE:BCO - Get Free Report) last issued its earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter last year, the business earned $1.52 earnings per share. The business's revenue was up .9% on a year-over-year basis. On average, equities research analysts anticipate that Brink's Company will post 6.49 earnings per share for the current 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 issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.02 annualized dividend and a yield of 1.08%. This is a boost from Brink's's previous quarterly dividend of $0.24. Brink's's payout ratio is 27.57%.

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.