Summit Global Investments Grows Stock Holdings in The Brink's Company (NYSE:BCO)

Summit Global Investments increased its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 95.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,459 shares of the business services provider's stock after acquiring an additional 3,147 shares during the period. Summit Global Investments' holdings in Brink's were worth $557,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its stake in shares of Brink's by 12.0% in the 4th 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 during the period. American Century Companies Inc. raised its stake in shares of Brink's by 0.7% in the fourth quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider's stock worth $138,845,000 after purchasing an additional 9,777 shares during the last quarter. Ariel Investments LLC raised its stake 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 purchasing an additional 140,895 shares during the last quarter. Northern Trust Corp raised its stake in shares of Brink's by 14.0% in the fourth quarter. Northern Trust Corp now owns 613,301 shares of the business services provider's stock worth $56,896,000 after purchasing an additional 75,138 shares during the last quarter. Finally, Southernsun Asset Management LLC grew its holdings in shares of Brink's by 15.4% in the fourth quarter. Southernsun Asset Management LLC now owns 597,633 shares of the business services provider's stock valued at $55,442,000 after acquiring an additional 79,701 shares in the last quarter. Institutional investors own 94.96% of the company's stock.

Brink's Stock Performance

Shares of Brink's stock traded up $0.03 during trading hours on Thursday, reaching $83.35. The company had a trading volume of 372,358 shares, compared to its average volume of 304,394. The Brink's Company has a one year low of $80.10 and a one year high of $115.91. The business has a fifty day simple moving average of $87.09 and a 200 day simple moving average of $90.22. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market cap of $3.50 billion, a PE ratio of 31.57 and a beta of 1.42.

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, topping analysts' consensus estimates of $1.19 by $0.43. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business posted $1.52 earnings per share. The firm's revenue was up .9% compared to the same quarter last year. On average, analysts anticipate that The Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a dividend of $0.255 per share. This is an increase from Brink's's previous quarterly dividend of $0.24. The ex-dividend date was Monday, May 19th. This represents a $1.02 dividend on an annualized basis and a yield of 1.22%. Brink's's dividend payout ratio (DPR) is presently 27.57%.

Wall Street Analyst Weigh In

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

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.