GAMMA Investing LLC Grows Stake in The Brink's Company (NYSE:BCO)

GAMMA Investing LLC grew its stake in shares of The Brink's Company (NYSE:BCO - Free Report) by 9,914.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,139 shares of the business services provider's stock after buying an additional 92,209 shares during the period. GAMMA Investing LLC owned 0.22% of Brink's worth $8,025,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its holdings in Brink's by 12.0% in the fourth 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. American Century Companies Inc. increased its holdings in Brink's by 0.7% in the fourth quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider's stock valued at $138,845,000 after buying an additional 9,777 shares during the last quarter. Ariel Investments LLC increased its holdings in 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 buying an additional 140,895 shares during the last quarter. Northern Trust Corp increased its holdings in Brink's by 14.0% in the fourth quarter. Northern Trust Corp now owns 613,301 shares of the business services provider's stock valued at $56,896,000 after buying an additional 75,138 shares during the last quarter. Finally, Southernsun Asset Management LLC increased its holdings 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 valued at $55,442,000 after buying an additional 79,701 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Analysts Set New Price Targets

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

Brink's Trading Up 0.6%

NYSE BCO opened at $83.90 on Monday. The Brink's Company has a 1-year low of $80.10 and a 1-year high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The company has a market capitalization of $3.52 billion, a PE ratio of 31.78 and a beta of 1.43. The firm's fifty day simple moving average is $86.99 and its 200-day simple moving average is $90.13.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share (EPS) 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 company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the business posted $1.52 earnings per share. The firm's revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, May 19th. This is a positive change from Brink's's previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a dividend yield of 1.22%. Brink's's payout ratio is currently 27.57%.

Brink's Company Profile

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.

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