Susquehanna Fundamental Investments LLC bought a new position in Brink’s Company (The) (NYSE:BCO – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 63,417 shares of the business services provider’s stock, valued at approximately $5,992,000.
Other institutional investors have also made changes to their positions in the company. Turtle Creek Asset Management Inc. increased its stake in Brink’s by 82.6% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 55,500 shares of the business services provider’s stock valued at $5,751,000 after buying an additional 25,100 shares during the period. Engine Capital Management LP grew its holdings in shares of Brink’s by 1,237.6% during the 1st quarter. Engine Capital Management LP now owns 549,417 shares of the business services provider’s stock valued at $56,936,000 after acquiring an additional 508,343 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Brink’s in the first quarter worth $7,461,000. Principal Financial Group Inc. increased its stake in shares of Brink’s by 39.0% in the first quarter. Principal Financial Group Inc. now owns 126,050 shares of the business services provider’s stock worth $13,063,000 after acquiring an additional 35,358 shares during the last quarter. Finally, K.J. Harrison & Partners Inc purchased a new stake in shares of Brink’s during the fourth quarter worth $1,167,000. 94.96% of the stock is owned by hedge funds and other institutional investors.
Brink’s Stock Performance
BCO opened at $108.94 on Tuesday. The stock’s 50 day simple moving average is $110.43 and its 200-day simple moving average is $109.69. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 8.80. The stock has a market cap of $4.49 billion, a PE ratio of 25.22 and a beta of 1.04. Brink’s Company has a 1 year low of $91.05 and a 1 year high of $136.37.
Brink’s Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, July 27th will be given a dividend of $0.255 per share. The ex-dividend date is Monday, July 27th. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. Brink’s’s payout ratio is presently 23.61%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on BCO shares. Weiss Ratings upgraded shares of Brink’s from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Wall Street Zen lowered Brink’s from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $154.00.
About Brink’s
The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.
Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.
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