Sei Investments Co. boosted its position in Brink’s Company (The) (NYSE:BCO – Free Report) by 40.7% during the first quarter, Holdings Channel.com reports. The fund owned 115,876 shares of the business services provider’s stock after purchasing an additional 33,537 shares during the quarter. Sei Investments Co.’s holdings in Brink’s were worth $12,008,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in BCO. Norges Bank acquired a new stake in Brink’s during the fourth quarter worth about $61,105,000. Simcoe Capital Management LLC acquired a new position in shares of Brink’s in the 2nd quarter valued at about $43,465,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Brink’s by 385,161.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 446,903 shares of the business services provider’s stock worth $52,167,000 after purchasing an additional 446,787 shares during the period. Nuveen LLC grew its holdings in shares of Brink’s by 229.7% during the 4th quarter. Nuveen LLC now owns 420,297 shares of the business services provider’s stock worth $49,061,000 after purchasing an additional 292,829 shares during the period. Finally, First Trust Advisors LP increased its position in Brink’s by 36.4% during the 4th quarter. First Trust Advisors LP now owns 819,381 shares of the business services provider’s stock worth $95,646,000 after purchasing an additional 218,716 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.
Brink’s Trading Up 0.8%
Shares of BCO opened at $118.39 on Friday. The stock’s 50-day moving average is $105.98 and its two-hundred day moving average is $111.83. The stock has a market cap of $4.88 billion, a PE ratio of 27.66 and a beta of 1.06. Brink’s Company has a 12 month low of $84.99 and a 12 month high of $136.37. The company has a debt-to-equity ratio of 9.75, a current ratio of 1.53 and a quick ratio of 1.53.
Brink’s Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, July 27th will be given a $0.255 dividend. The ex-dividend date of this dividend is Monday, July 27th. This represents a $1.02 annualized dividend and a yield of 0.9%. Brink’s’s dividend payout ratio (DPR) is 23.83%.
Analyst Upgrades and Downgrades
Several research firms recently commented on BCO. Wall Street Zen lowered shares of Brink’s from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings lowered shares of Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brink’s has an average rating of “Moderate Buy” and a consensus price target of $154.00.
Get Our Latest Stock Analysis on Brink’s
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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