Brink's Company (The) (NYSE:BCO) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. increased its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 223.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,139 shares of the business services provider's stock after acquiring an additional 20,141 shares during the period. Edgestream Partners L.P. owned about 0.07% of Brink's worth $2,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. grew its holdings 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 during the period. Hexagon Capital Partners LLC grew its holdings in Brink's by 32.0% in the first quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock valued at $46,000 after purchasing an additional 130 shares during the period. Aquatic Capital Management LLC acquired a new stake in Brink's in the fourth quarter valued at approximately $56,000. First Horizon Advisors Inc. grew its holdings in Brink's by 20.2% in 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 during the period. Finally, GAMMA Investing LLC grew its holdings in Brink's by 16.2% in the first quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock valued at $93,000 after purchasing an additional 151 shares during the period. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink's Price Performance

BCO traded down $0.99 during trading on Friday, hitting $93.34. The company's stock had a trading volume of 163,728 shares, compared to its average volume of 305,822. 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 Company has a twelve month low of $80.10 and a twelve month high of $115.91. The business's fifty day simple moving average is $87.97 and its 200 day simple moving average is $89.27. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 25.23 and a beta of 1.43.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.43. The company had revenue of $1.25 billion for 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%. The firm's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 EPS. On average, equities research analysts forecast that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Monday, July 28th. Brink's's dividend payout ratio (DPR) 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.