Victory Capital Management Inc. Buys 37,142 Shares of Brink's Company (The) (NYSE:BCO)

Victory Capital Management Inc. raised its holdings in Brink's Company (The) (NYSE:BCO - Free Report) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 488,452 shares of the business services provider's stock after buying 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 reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Brink's by 12.0% during the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock worth $441,125,000 after purchasing an additional 510,389 shares during the last quarter. Norges Bank acquired a new position in shares of Brink's during the 4th quarter worth about $46,603,000. Ariel Investments LLC increased its stake in shares of Brink's by 12.3% during the 4th 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. Ameriprise Financial Inc. increased its stake in shares of Brink's by 210.0% during the 4th quarter. Ameriprise Financial Inc. now owns 198,656 shares of the business services provider's stock worth $18,429,000 after purchasing an additional 134,582 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in shares of Brink's by 24.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 481,115 shares of the business services provider's stock worth $44,633,000 after purchasing an additional 95,318 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink's Stock Performance

Shares of Brink's stock traded up $0.28 during trading on Wednesday, hitting $94.34. 155,686 shares of the stock were exchanged, compared to its average volume of 304,556. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 25.50 and a beta of 1.43. The company has a fifty day moving average price of $88.16 and a 200-day moving average price of $89.34. 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.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 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 business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the business earned $1.52 EPS. Brink's's quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts predict that Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, July 28th will be given a dividend of $0.255 per share. 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 1.08%. Brink's's payout ratio is presently 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.