Schechter Investment Advisors LLC Has $1.49 Million Stock Position in Brink's Company (The) (NYSE:BCO)

Schechter Investment Advisors LLC trimmed its holdings in Brink's Company (The) (NYSE:BCO - Free Report) by 14.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BCO. FMR LLC raised its holdings in shares of Brink's by 12.0% during the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock valued at $441,125,000 after buying an additional 510,389 shares during the period. American Century Companies Inc. increased its holdings in shares of Brink's by 0.7% in the 4th quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider's stock valued at $138,845,000 after acquiring an additional 9,777 shares during the last quarter. Ariel Investments LLC increased its holdings 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 acquiring an additional 140,895 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Brink's by 14.0% in the 4th quarter. Northern Trust Corp now owns 613,301 shares of the business services provider's stock valued at $56,896,000 after acquiring an additional 75,138 shares during the last quarter. Finally, Southernsun Asset Management LLC boosted its position in Brink's by 15.4% during the 4th quarter. Southernsun Asset Management LLC now owns 597,633 shares of the business services provider's stock valued at $55,442,000 after purchasing an additional 79,701 shares during the period. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink's Stock Performance

NYSE:BCO traded up $1.83 during midday trading on Thursday, reaching $94.37. 181,202 shares of the company traded hands, compared to its average volume of 305,603. 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 twelve month low of $80.10 and a twelve month high of $115.91. The company has a fifty day moving average price of $87.95 and a 200 day moving average price of $89.32. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 25.50 and a beta of 1.43.

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. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 EPS. On average, analysts expect that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, July 28th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Monday, July 28th. Brink's's dividend payout ratio 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.