Handelsinvest Investeringsforvaltning Cuts Stock Holdings in The Brink’s Company (NYSE:BCO)

Handelsinvest Investeringsforvaltning lowered its stake in shares of The Brink’s Company (NYSE:BCO) by 34.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,500 shares of the business services provider’s stock after selling 1,297 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Brink’s were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Measured Wealth Private Client Group LLC purchased a new position in Brink’s in the first quarter valued at $209,000. State of Michigan Retirement System grew its holdings in shares of Brink’s by 2.8% during the first quarter. State of Michigan Retirement System now owns 11,077 shares of the business services provider’s stock worth $1,023,000 after purchasing an additional 300 shares during the last quarter. Oliver Luxxe Assets LLC grew its holdings in shares of Brink’s by 2.2% during the first quarter. Oliver Luxxe Assets LLC now owns 16,209 shares of the business services provider’s stock worth $1,497,000 after purchasing an additional 351 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Brink’s by 11.4% during the first quarter. Sound Income Strategies LLC now owns 57,215 shares of the business services provider’s stock worth $5,286,000 after purchasing an additional 5,856 shares during the last quarter. Finally, Fourth Sail Capital LP purchased a new position in shares of Brink’s during the first quarter worth about $11,501,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.

Brink’s Stock Performance

NYSE:BCO traded up $1.41 during mid-day trading on Wednesday, reaching $102.81. The stock had a trading volume of 9,732 shares, compared to its average volume of 234,721. The company has a debt-to-equity ratio of 6.37, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 38.86 and a beta of 1.46. The Brink’s Company has a twelve month low of $63.79 and a twelve month high of $105.50. The business has a 50 day simple moving average of $98.24 and a 200 day simple moving average of $89.47.

Brink’s (NYSE:BCO) last announced its quarterly earnings data on Wednesday, May 8th. The business services provider reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.29. Brink’s had a net margin of 2.46% and a return on equity of 59.84%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, analysts expect that The Brink’s Company will post 7.56 earnings per share for the current fiscal year.

Brink’s Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were paid a dividend of $0.243 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from Brink’s’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, May 10th. Brink’s’s dividend payout ratio (DPR) is 37.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BCO shares. TheStreet lowered Brink’s from a “b” rating to a “c+” rating in a report on Wednesday, March 13th. William Blair began coverage on shares of Brink’s in a research note on Tuesday, May 21st. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $106.50.

About Brink’s

The Brink's Company provides secure transportation, cash management, and other security-related services in North America, Latin America, Europe, and internationally. The company offers armored vehicle transportation of valuables; automated teller machine (ATM) management services, such as cash replenishment, cash forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first line maintenance services; and cash-in-transit services.