Universal Beteiligungs und Servicegesellschaft mbH Invests $260,000 in Brink's Company (The) (NYSE:BCO)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has made a new investment in Brink's Company, acquiring 3,019 shares valued at approximately $260,000.
• Brink's has recently been downgraded from a "buy" to a "hold" rating by Wall Street Zen, indicating a shift in analyst sentiment.
• Brink's reported $1.62 EPS for the quarter, exceeding expectations and showing a year-over-year revenue increase of 0.9%.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Brink's Company (The) (NYSE:BCO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,019 shares of the business services provider's stock, valued at approximately $260,000.

A number of other large investors have also recently bought and sold shares of BCO. JPMorgan Chase & Co. lifted its holdings in Brink's by 23.7% in the fourth quarter. JPMorgan Chase & Co. now owns 298,386 shares of the business services provider's stock valued at $27,681,000 after acquiring an additional 57,109 shares during the period. Pictet Asset Management Holding SA increased its position in shares of Brink's by 20.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 7,193 shares of the business services provider's stock worth $667,000 after purchasing an additional 1,199 shares in the last quarter. Wellington Management Group LLP boosted its stake in Brink's by 114.1% during the fourth quarter. Wellington Management Group LLP now owns 149,222 shares of the business services provider's stock worth $13,843,000 after buying an additional 79,529 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in Brink's by 15.9% during the fourth quarter. Thoroughbred Financial Services LLC now owns 3,470 shares of the business services provider's stock worth $321,000 after buying an additional 475 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Brink's by 25.8% during the fourth quarter. Russell Investments Group Ltd. now owns 20,821 shares of the business services provider's stock worth $1,932,000 after buying an additional 4,265 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Brink's Trading Up 1.5%

BCO traded up $1.27 during mid-day trading on Tuesday, hitting $88.77. 357,342 shares of the stock were exchanged, compared to its average volume of 207,387. The firm's fifty day moving average is $88.92 and its two-hundred day moving average is $89.16. Brink's Company has a 1-year low of $80.10 and a 1-year high of $115.91. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 10.93. The company has a market cap of $3.73 billion, a PE ratio of 23.99 and a beta of 1.46.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.43. Brink's had a return on equity of 82.89% and a net margin of 3.29%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the business earned $1.52 EPS. Brink's's revenue was up .9% on a year-over-year basis. Equities analysts forecast that Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Dividend Announcement

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 dividend of $0.255 per share. The ex-dividend date is Monday, July 28th. This represents a $1.02 annualized dividend and a yield of 1.1%. Brink's's dividend payout ratio is 27.57%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Brink's from a "buy" rating to a "hold" rating in a research note on Saturday.

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.