Edgestream Partners L.P. Buys 20,141 Shares of Brink's Company (The) (NYSE:BCO)

Edgestream Partners L.P. boosted its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 223.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,139 shares of the business services provider's stock after purchasing an additional 20,141 shares during the quarter. Edgestream Partners L.P. owned approximately 0.07% of Brink's worth $2,511,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its position in Brink's by 12.0% in the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock worth $441,125,000 after purchasing an additional 510,389 shares during the period. American Century Companies Inc. boosted its stake in Brink's by 0.7% during the 4th quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider's stock worth $138,845,000 after purchasing an additional 9,777 shares during the last quarter. Ariel Investments LLC boosted its holdings in shares of Brink's by 12.3% in the fourth quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock valued at $118,941,000 after acquiring an additional 140,895 shares during the period. Northern Trust Corp lifted its stake in shares of Brink's by 14.0% during the 4th quarter. Northern Trust Corp now owns 613,301 shares of the business services provider's stock worth $56,896,000 after purchasing an additional 75,138 shares during the period. Finally, Southernsun Asset Management LLC grew its stake in Brink's by 15.4% in the fourth quarter. Southernsun Asset Management LLC now owns 597,633 shares of the business services provider's stock worth $55,442,000 after purchasing an additional 79,701 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Trading Down 0.8%

Shares of BCO stock traded down $0.75 during mid-day trading on Monday, hitting $92.65. The company's stock had a trading volume of 136,498 shares, compared to its average volume of 305,145. The company's fifty day simple moving average is $87.97 and its 200-day simple moving average is $89.27. The company has a debt-to-equity ratio of 10.93, a quick ratio of 1.52 and a current ratio of 1.52. Brink's Company has a 52 week low of $80.10 and a 52 week high of $115.91. The company has a market cap of $3.89 billion, a PE ratio of 13.50 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 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.43. The company had revenue of $1.25 billion during 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 quarter in the prior year, the company posted $1.52 earnings per share. As a group, equities research analysts expect that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, July 28th. Brink's's dividend payout ratio 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.