Caxton Associates LLP grew its stake in shares of Brink’s Company (The) (NYSE:BCO – Free Report) by 617.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 14,161 shares of the business services provider’s stock after acquiring an additional 12,188 shares during the period. Caxton Associates LLP’s holdings in Brink’s were worth $1,468,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. M&T Bank Corp increased its holdings in Brink’s by 1.2% during the 4th quarter. M&T Bank Corp now owns 7,114 shares of the business services provider’s stock worth $831,000 after purchasing an additional 86 shares during the period. CWM LLC raised its position in Brink’s by 6.9% during the 4th quarter. CWM LLC now owns 1,479 shares of the business services provider’s stock valued at $173,000 after purchasing an additional 96 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Brink’s by 26.2% in the 4th quarter. Hantz Financial Services Inc. now owns 506 shares of the business services provider’s stock worth $59,000 after buying an additional 105 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Brink’s by 7.3% in the 4th quarter. GAMMA Investing LLC now owns 1,606 shares of the business services provider’s stock worth $187,000 after buying an additional 109 shares during the period. Finally, Rothschild Investment LLC grew its position in shares of Brink’s by 12.4% during the 4th quarter. Rothschild Investment LLC now owns 1,012 shares of the business services provider’s stock worth $118,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.
Brink’s Price Performance
NYSE BCO opened at $121.98 on Friday. The company has a market cap of $5.02 billion, a PE ratio of 28.50 and a beta of 1.06. The firm’s 50 day moving average price is $104.57 and its 200-day moving average price is $111.94. The company has a debt-to-equity ratio of 9.75, a quick ratio of 1.53 and a current ratio of 1.53. Brink’s Company has a 52-week low of $84.99 and a 52-week high of $136.37.
Brink’s Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, July 27th will be paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, July 27th. Brink’s’s dividend payout ratio is 23.83%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $154.00.
Check Out Our Latest Research Report on BCO
Brink’s Company 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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