M&T Bank Corp Sells 15,032 Shares of Brink's Company (The) (NYSE:BCO)

M&T Bank Corp trimmed its holdings in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 68.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,085 shares of the business services provider's stock after selling 15,032 shares during the quarter. M&T Bank Corp's holdings in Brink's were worth $610,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. UMB Bank n.a. increased its holdings in Brink's by 1,450.0% during the first quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock worth $43,000 after buying an additional 464 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in shares of 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 acquiring an additional 130 shares during the period. Aquatic Capital Management LLC bought a new position in shares of Brink's in the fourth quarter valued at approximately $56,000. First Horizon Advisors Inc. boosted its position in shares of 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 acquiring an additional 174 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 151 shares during the period. 94.96% of the stock is owned by institutional investors.

Brink's Price Performance

BCO traded down $0.99 on Friday, reaching $93.34. The company had a trading volume of 163,728 shares, compared to its average volume of 305,441. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 25.23 and a beta of 1.43. Brink's Company has a 52-week low of $80.10 and a 52-week high of $115.91. The business has a 50 day simple moving average of $87.97 and a 200 day simple moving average of $89.32. 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 (NYSE:BCO - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Brink's had a net margin of 3.29% and a return on equity of 82.89%. The company's quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.52 EPS. As a group, sell-side analysts anticipate that Brink's Company will post 6.49 EPS for the current year.

Brink's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors 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 dividend yield of 1.09%. The ex-dividend date is Monday, July 28th. Brink's's dividend payout ratio (DPR) is 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.