Janus Henderson Group PLC boosted its holdings in Brink’s Company (The) (NYSE:BCO – Free Report) by 353.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 175,369 shares of the business services provider’s stock after acquiring an additional 136,725 shares during the quarter. Janus Henderson Group PLC’s holdings in Brink’s were worth $18,174,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amundi grew its holdings in Brink’s by 27.5% during the first quarter. Amundi now owns 2,270 shares of the business services provider’s stock worth $235,000 after buying an additional 489 shares in the last quarter. California State Teachers Retirement System increased its holdings in Brink’s by 14.4% during the first quarter. California State Teachers Retirement System now owns 46,505 shares of the business services provider’s stock worth $4,819,000 after buying an additional 5,871 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Brink’s by 166.7% during the 1st quarter. Empowered Funds LLC now owns 4,980 shares of the business services provider’s stock worth $516,000 after purchasing an additional 3,113 shares during the last quarter. Engine Capital Management LP raised its stake in shares of Brink’s by 1,237.6% in the first quarter. Engine Capital Management LP now owns 549,417 shares of the business services provider’s stock valued at $56,936,000 after buying an additional 508,343 shares during the period. Finally, Quantinno Capital Management LP raised its stake in Brink’s by 841.2% in the 1st quarter. Quantinno Capital Management LP now owns 55,870 shares of the business services provider’s stock valued at $5,790,000 after acquiring an additional 49,934 shares during the period. 94.96% of the stock is owned by institutional investors.
Brink’s Trading Down 2.4%
NYSE BCO opened at $115.65 on Tuesday. The firm has a market cap of $4.76 billion, a PE ratio of 27.02 and a beta of 1.06. Brink’s Company has a 1-year low of $84.99 and a 1-year high of $136.37. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 9.75. The stock has a 50-day moving average of $106.20 and a 200-day moving average of $111.69.
Brink’s Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, July 27th will be issued a $0.255 dividend. The ex-dividend date 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 Ratings Changes
BCO has been the topic of a number of analyst reports. Weiss Ratings cut shares of Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Wall Street Zen lowered shares of Brink’s from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.00.
View Our Latest Research Report on BCO
Brink’s Profile
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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