Schechter Investment Advisors LLC Lowers Stock Holdings in Brink's Company (The) (NYSE:BCO)

Schechter Investment Advisors LLC trimmed its stake in Brink's Company (The) (NYSE:BCO - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,338 shares of the business services provider's stock after selling 2,877 shares during the period. Schechter Investment Advisors LLC's holdings in Brink's were worth $1,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in BCO. UMB Bank n.a. lifted its position 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 worth $43,000 after purchasing an additional 464 shares during the period. Hexagon Capital Partners LLC increased its stake in Brink's by 32.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock valued at $46,000 after purchasing an additional 130 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Brink's during the 4th quarter valued at approximately $56,000. First Horizon Advisors Inc. increased its stake in Brink's by 20.2% during the 1st quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock valued at $89,000 after purchasing an additional 174 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings 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 acquiring an additional 151 shares during the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

Brink's Stock Down 1.7%

BCO stock opened at $93.06 on Monday. The firm's fifty day simple moving average is $87.86 and its 200-day simple moving average is $89.24. The company has a market capitalization of $3.91 billion, a P/E ratio of 25.15 and a beta of 1.43. The company has a debt-to-equity ratio of 10.93, a current ratio of 1.52 and a quick ratio of 1.52. Brink's Company has a 12 month low of $80.10 and a 12 month high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.43. Brink's had a net margin of 3.29% and a return on equity of 82.89%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The firm's quarterly revenue was up .9% compared to the same quarter last year. As a group, equities research analysts forecast that Brink's Company will post 6.49 earnings per share for the current year.

Brink's Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.10%. This is an increase from Brink's's previous quarterly dividend of $0.24. The ex-dividend date was Monday, May 19th. Brink's's dividend payout ratio (DPR) is presently 27.57%.

Brink's 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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