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

Teacher Retirement System of Texas bought a new position in Brink's Company (The) (NYSE:BCO - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 6,385 shares of the business services provider's stock, valued at approximately $550,000.

Other large investors have also recently made changes to their positions in the company. FMR LLC boosted its position in 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 buying an additional 510,389 shares during the period. American Century Companies Inc. boosted its position in 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 buying an additional 9,777 shares during the period. Ariel Investments LLC boosted its position in 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 buying an additional 140,895 shares during the period. Northern Trust Corp boosted its position in 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 buying an additional 75,138 shares during the period. Finally, Southernsun Asset Management LLC boosted its stake in shares of Brink's by 15.4% during 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 purchasing an additional 79,701 shares in the last quarter. 94.96% of the stock is currently owned by institutional investors.

Brink's Stock Down 1.0%

Shares of NYSE BCO traded down $0.99 during midday trading on Friday, reaching $93.34. 163,728 shares of the company's stock traded hands, compared to its average volume of 305,822. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 10.93. The stock's 50 day simple moving average is $87.97 and its 200-day simple moving average is $89.30. Brink's Company has a one year low of $80.10 and a one year high of $115.91. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 25.23 and a beta of 1.43.

Brink's (NYSE:BCO - Get Free Report) last released 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 firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the firm earned $1.52 earnings per share. The company's quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, July 28th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.09%. Brink's's dividend payout ratio is currently 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.