GAMMA Investing LLC Has $8.03 Million Stock Position in The Brink's Company (NYSE:BCO)

GAMMA Investing LLC raised its holdings in The Brink's Company (NYSE:BCO - Free Report) by 9,914.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,139 shares of the business services provider's stock after acquiring an additional 92,209 shares during the quarter. GAMMA Investing LLC owned about 0.22% of Brink's worth $8,025,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BCO. FMR LLC increased its holdings in shares of Brink's by 12.0% during the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock valued at $441,125,000 after acquiring an additional 510,389 shares during the last quarter. Norges Bank acquired a new position in Brink's during the fourth quarter valued at approximately $46,603,000. Ariel Investments LLC raised its position 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 purchasing an additional 140,895 shares during the period. Ameriprise Financial Inc. grew its stake in Brink's by 210.0% in the 4th quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider's stock valued at $18,429,000 after buying an additional 134,582 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in Brink's by 24.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 481,115 shares of the business services provider's stock worth $44,633,000 after acquiring an additional 95,318 shares during the last quarter. 94.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Brink's Trading Down 0.2%

BCO traded down $0.18 during mid-day trading on Thursday, reaching $84.43. The stock had a trading volume of 289,436 shares, compared to its average volume of 305,423. The stock has a market capitalization of $3.55 billion, a P/E ratio of 31.98 and a beta of 1.43. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The Brink's Company has a 52 week low of $80.10 and a 52 week high of $115.91. The firm's fifty day simple moving average is $86.85 and its two-hundred day simple moving average is $89.97.

Brink's (NYSE:BCO - Get Free Report) last released its earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.43. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The company's quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts predict that The Brink's Company will post 6.49 EPS for the current year.

Brink's Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a dividend of $0.255 per share. This is an increase from Brink's's previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, May 19th. Brink's's 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.