Bank of New York Mellon Corp Sells 21,851 Shares of Brink's Company (The) (NYSE:BCO)

Bank of New York Mellon Corp trimmed its position in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 4.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 476,908 shares of the business services provider's stock after selling 21,851 shares during the period. Bank of New York Mellon Corp owned 1.10% of Brink's worth $41,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. UMB Bank n.a. lifted its position in 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 worth $43,000 after purchasing an additional 464 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Brink's during the 4th quarter worth approximately $56,000. First Horizon Advisors Inc. lifted its holdings in shares of Brink's by 20.2% in the 1st 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. GAMMA Investing LLC lifted its holdings in shares of Brink's by 16.2% in the 1st 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. Finally, Golden State Wealth Management LLC lifted its stake in 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 valued at $104,000 after acquiring an additional 609 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink's Stock Performance

BCO traded down $0.90 during trading hours on Friday, hitting $93.43. The stock had a trading volume of 65,229 shares, compared to its average volume of 304,650. The company's fifty day simple moving average is $87.95 and its 200 day simple moving average is $89.32. Brink's Company has a 1 year low of $80.10 and a 1 year high of $115.91. The stock has a market cap of $3.92 billion, a PE ratio of 25.25 and a beta of 1.43. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 10.93.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The business services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.19 by $0.43. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. Brink's had a return on equity of 82.89% and a net margin of 3.29%. Brink's's revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 earnings per share. Equities analysts anticipate that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

The firm also recently declared 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 of this dividend is Monday, July 28th. This represents a $1.02 dividend on an annualized basis and a yield of 1.09%. Brink's's dividend payout ratio is presently 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.