Handelsinvest Investeringsforvaltning Sells 1,297 Shares of The Brink’s Company (NYSE:BCO)

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

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Brink’s by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,728,043 shares of the business services provider’s stock valued at $343,445,000 after buying an additional 35,957 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Brink’s by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 988,697 shares of the business services provider’s stock valued at $86,958,000 after buying an additional 13,350 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Brink’s by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 631,846 shares of the business services provider’s stock valued at $55,571,000 after buying an additional 25,001 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Brink’s by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 537,904 shares of the business services provider’s stock valued at $47,309,000 after buying an additional 14,066 shares during the last quarter. Finally, Norges Bank bought a new position in Brink’s during the fourth quarter valued at approximately $21,375,000. Institutional investors own 94.96% of the company’s stock.

Analyst Upgrades and Downgrades

BCO has been the subject of a number of research reports. TheStreet lowered Brink’s from a “b” rating to a “c+” rating in a research note on Wednesday, March 13th. William Blair started coverage on Brink’s in a research note on Tuesday, May 21st. They issued 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $106.50.

Brink’s Trading Up 1.4 %

Shares of NYSE:BCO traded up $1.41 during trading on Wednesday, hitting $102.81. The company had a trading volume of 9,732 shares, compared to its average volume of 234,721. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 38.86 and a beta of 1.46. The Brink’s Company has a one year low of $63.79 and a one year high of $105.50. The company has a fifty day simple moving average of $98.24 and a two-hundred day simple moving average of $89.47. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.46 and a quick ratio of 1.46.

Brink’s (NYSE:BCO) last issued its quarterly earnings results on Wednesday, May 8th. The business services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.29. Brink’s had a return on equity of 59.84% and a net margin of 2.46%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business posted $1.16 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts forecast that The Brink’s Company will post 7.56 earnings per share for the current year.

Brink’s Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were issued a $0.243 dividend. This represents a $0.97 annualized dividend and a dividend yield of 0.95%. This is an increase 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 is presently 37.16%.

Brink’s Profile

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.