New York State Teachers Retirement System Sells 5,304 Shares of Brink's Company (The) (NYSE:BCO)

New York State Teachers Retirement System lowered its holdings in Brink's Company (The) (NYSE:BCO - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 52,105 shares of the business services provider's stock after selling 5,304 shares during the quarter. New York State Teachers Retirement System owned approximately 0.12% of Brink's worth $4,489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of Brink's by 1,450.0% in the 1st 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. Aquatic Capital Management LLC purchased a new position in shares of Brink's in the 4th quarter valued at approximately $56,000. GAMMA Investing LLC lifted its stake in shares of Brink's by 16.2% in the 1st 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. Golden State Wealth Management LLC lifted its stake in shares of Brink's by 102.2% in the 1st quarter. Golden State Wealth Management LLC now owns 1,205 shares of the business services provider's stock valued at $104,000 after purchasing an additional 609 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Brink's in the 4th quarter valued at approximately $152,000. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Stock Up 0.5%

NYSE:BCO traded up $0.48 during trading hours on Thursday, reaching $94.69. 207,488 shares of the company traded hands, compared to its average volume of 307,530. The business's 50-day moving average price is $87.71 and its two-hundred day moving average price is $89.23. The stock has a market capitalization of $3.98 billion, a P/E ratio of 25.59 and a beta of 1.43. 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 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 10.93.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.43. The business had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. Brink's had a return on equity of 82.89% and a net margin of 3.29%. The firm's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.52 earnings per share. Analysts predict that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a $0.255 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.02 annualized dividend and a dividend yield of 1.08%. This is a positive change from Brink's's previous quarterly dividend of $0.24. Brink's's payout ratio is presently 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.