New York State Common Retirement Fund Purchases 17,911 Shares of Brink's Company (The) (NYSE:BCO)

New York State Common Retirement Fund grew its position in Brink's Company (The) (NYSE:BCO - Free Report) by 7.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,720 shares of the business services provider's stock after purchasing an additional 17,911 shares during the quarter. New York State Common Retirement Fund owned approximately 0.63% of Brink's worth $23,411,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BCO. FMR LLC boosted its holdings in Brink's by 12.0% during the fourth quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock valued at $441,125,000 after purchasing an additional 510,389 shares in the last quarter. Norges Bank acquired a new position in Brink's during the 4th quarter worth $46,603,000. Ariel Investments LLC lifted its stake in shares of Brink's by 12.3% in the 4th 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. lifted its stake in shares of 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 purchasing an additional 134,582 shares during the period. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Brink's by 24.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 481,115 shares of the business services provider's stock valued at $44,633,000 after purchasing an additional 95,318 shares during the period. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink's Stock Down 1.0%

Shares of NYSE BCO traded down $0.99 during mid-day trading on Friday, hitting $93.34. The company had a trading volume of 163,728 shares, compared to its average volume of 305,441. Brink's Company has a one year low of $80.10 and a one year high of $115.91. The company has a market capitalization of $3.92 billion, a PE ratio of 25.23 and a beta of 1.43. The firm has a 50-day simple moving average of $87.97 and a two-hundred day simple moving average of $89.32. 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 (NYSE:BCO - Get Free Report) last posted its earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.43. The firm had revenue of $1.25 billion for 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%. The company's revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. On average, equities analysts expect that Brink's Company will post 6.49 EPS for the current year.

Brink's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be given a $0.255 dividend. 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 payout ratio is 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.