Victory Capital Management Inc. Has $42.09 Million Stock Position in Brink's Company (The) (NYSE:BCO)

Victory Capital Management Inc. lifted its stake in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 8.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 488,452 shares of the business services provider's stock after purchasing an additional 37,142 shares during the period. Victory Capital Management Inc. owned 1.13% of Brink's worth $42,085,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nomura Holdings Inc. bought a new stake in shares of Brink's during the 4th quarter worth approximately $536,000. Principal Financial Group Inc. raised its stake in shares of Brink's by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 126,741 shares of the business services provider's stock worth $10,920,000 after purchasing an additional 1,441 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Brink's by 16.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 67,086 shares of the business services provider's stock worth $5,959,000 after purchasing an additional 9,541 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Brink's by 16.2% during the 1st quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock worth $93,000 after purchasing an additional 151 shares in the last quarter. Finally, KBC Group NV raised its stake in Brink's by 26.1% in the 1st quarter. KBC Group NV now owns 2,170 shares of the business services provider's stock valued at $187,000 after acquiring an additional 449 shares during the period. Institutional investors own 94.96% of the company's stock.

Brink's Stock Performance

BCO traded up $1.04 during trading hours on Tuesday, reaching $93.80. The company's stock had a trading volume of 56,717 shares, compared to its average volume of 304,161. Brink's Company has a 52 week low of $80.10 and a 52 week high of $115.91. The company's 50-day moving average is $87.97 and its 200-day moving average is $89.27. The company has a debt-to-equity ratio of 10.93, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market cap of $3.94 billion, a PE ratio of 25.34 and a beta of 1.43.

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

Brink's Announces Dividend

The company also recently disclosed 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. This represents a $1.02 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Monday, July 28th. Brink's's dividend payout ratio is 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.