Brink's Company (The) (NYSE:BCO) Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in Brink's Company (The) (NYSE:BCO - Free Report) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 476,908 shares of the business services provider's stock after selling 21,851 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.10% of Brink's worth $41,090,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its stake in shares of Brink's by 1.2% during the first quarter. Principal Financial Group Inc. now owns 126,741 shares of the business services provider's stock valued at $10,920,000 after purchasing an additional 1,441 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Brink's during the first quarter valued at about $550,000. First Horizon Advisors Inc. raised its stake in shares of 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 valued at $89,000 after purchasing an additional 174 shares in the last quarter. Avidian Wealth Enterprises LLC bought a new stake in shares of Brink's during the first quarter valued at about $253,000. Finally, KBC Group NV raised its stake in shares of Brink's by 26.1% during the first quarter. KBC Group NV now owns 2,170 shares of the business services provider's stock valued at $187,000 after purchasing an additional 449 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Brink's Stock Performance

Shares of NYSE BCO traded up $0.57 during midday trading on Wednesday, reaching $92.47. 176,176 shares of the company traded hands, compared to its average volume of 306,515. Brink's Company has a 52 week low of $80.10 and a 52 week high of $115.91. The stock has a 50-day moving average price of $87.93 and a 200 day moving average price of $89.30. The company has a debt-to-equity ratio of 10.93, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 24.99 and a beta of 1.43.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. Brink's had a net margin of 3.29% and a return on equity of 82.89%. Brink's's revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 earnings per share. Sell-side analysts anticipate that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, July 28th will be paid 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 1.10%. Brink's's dividend payout ratio is currently 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.