SG Americas Securities LLC Has $759,000 Holdings in Brink's Company (The) (NYSE:BCO)

SG Americas Securities LLC raised its stake in Brink's Company (The) (NYSE:BCO - Free Report) by 115.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,812 shares of the business services provider's stock after buying an additional 4,715 shares during the quarter. SG Americas Securities LLC's holdings in Brink's were worth $759,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BCO. Rhumbline Advisers increased its stake in Brink's by 3.3% in the 4th quarter. Rhumbline Advisers now owns 157,058 shares of the business services provider's stock valued at $14,570,000 after buying an additional 5,014 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Brink's by 26.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 22,877 shares of the business services provider's stock valued at $2,122,000 after buying an additional 4,727 shares during the period. Principal Financial Group Inc. increased its stake in Brink's by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 125,300 shares of the business services provider's stock valued at $11,624,000 after buying an additional 701 shares during the period. New York State Common Retirement Fund increased its stake in Brink's by 0.5% in the 4th quarter. New York State Common Retirement Fund now owns 253,809 shares of the business services provider's stock valued at $23,546,000 after buying an additional 1,192 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in Brink's by 15.3% in the 4th quarter. Handelsbanken Fonder AB now owns 10,537 shares of the business services provider's stock valued at $978,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 94.96% of the company's stock.

Wall Street Analyst Weigh In

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

Brink's Stock Performance

NYSE:BCO traded down $0.39 during midday trading on Monday, reaching $85.71. The stock had a trading volume of 385,389 shares, compared to its average volume of 307,424. Brink's Company has a 1-year low of $80.10 and a 1-year high of $115.91. The firm's fifty day simple moving average is $86.93 and its 200-day simple moving average is $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 stock has a market capitalization of $3.60 billion, a P/E ratio of 23.16 and a beta of 1.43.

Brink's (NYSE:BCO - Get Free Report) last posted its earnings results 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 business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the business posted $1.52 EPS. Brink's's revenue was up .9% compared to the same quarter last year. On average, equities research analysts forecast that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a $0.255 dividend. The ex-dividend date was Monday, May 19th. This is a positive change from Brink's's previous quarterly dividend of $0.24. This represents a $1.02 dividend on an annualized basis and a yield of 1.19%. Brink's's dividend payout ratio (DPR) is presently 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.