XTX Topco Ltd Buys 7,898 Shares of Brink's Company (The) (NYSE:BCO)

Key Points

• XTX Topco Ltd increased its stake in Brink's Company by 186.1%, purchasing an additional 7,898 shares to own a total of 12,142 shares valued at approximately $1,046,000.
• Wall Street analysts have downgraded Brink's from a "buy" rating to a "hold" rating, indicating a more cautious outlook.
• Brink's has declared a quarterly dividend of $0.255 per share, representing an annualized dividend yield of 1.2%.

XTX Topco Ltd boosted its holdings in shares of Brink's Company (The) (NYSE:BCO - Free Report) by 186.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,142 shares of the business services provider's stock after purchasing an additional 7,898 shares during the period. XTX Topco Ltd's holdings in Brink's were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. UMB Bank n.a. grew its stake in shares of Brink's by 1,450.0% in the 1st quarter. UMB Bank n.a. now owns 496 shares of the business services provider's stock valued at $43,000 after buying an additional 464 shares during the period. Hexagon Capital Partners LLC boosted its holdings in shares of Brink's by 32.0% in the first quarter. Hexagon Capital Partners LLC now owns 536 shares of the business services provider's stock valued at $46,000 after acquiring an additional 130 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in Brink's during the fourth quarter worth about $56,000. First Horizon Advisors Inc. raised its position in Brink's by 20.2% during the first quarter. First Horizon Advisors Inc. now owns 1,034 shares of the business services provider's stock worth $89,000 after acquiring an additional 174 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Brink's by 16.2% during the first quarter. GAMMA Investing LLC now owns 1,081 shares of the business services provider's stock worth $93,000 after acquiring an additional 151 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Wall Street Analyst Weigh In

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

Brink's Stock Performance

Shares of BCO stock traded up $1.27 during trading hours on Tuesday, reaching $88.77. The stock had a trading volume of 357,342 shares, compared to its average volume of 207,387. 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 twelve month low of $80.10 and a twelve month high of $115.91. The firm has a 50-day simple moving average of $88.92 and a 200-day simple moving average of $89.16. The firm has a market capitalization of $3.73 billion, a PE ratio of 23.99 and a beta of 1.46.

Brink's (NYSE:BCO - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.21 billion. During the same period last year, the company posted $1.52 earnings per share. The firm's quarterly revenue was up .9% compared to the same quarter last year. As a group, equities analysts forecast that Brink's Company will post 6.49 earnings per share 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 dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, July 28th. Brink's's 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.