Teacher Retirement System of Texas Invests $550,000 in Brink's Company (The) (NYSE:BCO)

Teacher Retirement System of Texas acquired a new position in Brink's Company (The) (NYSE:BCO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,385 shares of the business services provider's stock, valued at approximately $550,000.

Several other large investors have also recently modified their holdings of the business. State of Alaska Department of Revenue grew its stake in Brink's by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 5,112 shares of the business services provider's stock valued at $440,000 after acquiring an additional 135 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Brink's by 0.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 39,207 shares of the business services provider's stock valued at $3,632,000 after acquiring an additional 142 shares in the last quarter. GAMMA Investing LLC grew its stake in Brink's by 16.2% in the 1st quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock worth $93,000 after buying an additional 151 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Brink's by 20.2% in the 1st quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock worth $89,000 after buying an additional 174 shares in the last quarter. Finally, Vise Technologies Inc. grew its stake in Brink's by 3.4% in the 4th quarter. Vise Technologies Inc. now owns 5,656 shares of the business services provider's stock worth $525,000 after buying an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Price Performance

BCO stock traded up $1.83 during midday trading on Thursday, reaching $94.37. The company had a trading volume of 181,202 shares, 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 1 year low of $80.10 and a 1 year high of $115.91. The company has a market capitalization of $3.96 billion, a P/E ratio of 25.50 and a beta of 1.43. The firm has a 50-day moving average price of $87.95 and a 200-day moving average price of $89.32.

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 for the quarter, topping analysts' consensus estimates of $1.19 by $0.43. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. Brink's had a net margin of 3.29% and a return on equity of 82.89%. The business's quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 EPS. On average, research analysts anticipate that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Announces Dividend

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