Sound Income Strategies LLC Has $6.47 Million Stake in Brink's Company (The) (NYSE:BCO)

Sound Income Strategies LLC boosted its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 7.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,059 shares of the business services provider's stock after acquiring an additional 5,129 shares during the period. Sound Income Strategies LLC owned 0.17% of Brink's worth $6,467,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. 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 worth $441,125,000 after buying an additional 510,389 shares in the last quarter. Norges Bank acquired a new position in Brink's during the fourth quarter worth about $46,603,000. Ariel Investments LLC lifted its holdings in shares of Brink's by 12.3% in the fourth quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock worth $118,941,000 after acquiring an additional 140,895 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Brink's by 210.0% during 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 last quarter. Finally, Balyasny Asset Management L.P. boosted its position in Brink's by 24.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 481,115 shares of the business services provider's stock valued at $44,633,000 after buying an additional 95,318 shares in the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Brink's from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 8th.

Brink's Trading Up 1.3%

Brink's stock traded up $1.11 during trading hours on Wednesday, hitting $87.02. The stock had a trading volume of 416,779 shares, compared to its average volume of 306,137. The business's 50 day simple moving average is $86.91 and its 200-day simple moving average is $89.58. Brink's Company has a one year low of $80.10 and a one year high of $115.91. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 23.52 and a beta of 1.43. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 10.93.

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. Brink's had a net margin of 3.29% and a return on equity of 82.89%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business earned $1.52 EPS. The firm's quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts predict that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Increases Dividend

The business 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. This represents a $1.02 dividend on an annualized basis and a yield of 1.17%. This is an increase from Brink's's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, May 19th. Brink's's dividend payout ratio is presently 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.