AE Wealth Management LLC Raises Holdings in The Brink’s Company (NYSE:BCO)

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AE Wealth Management LLC lifted its holdings in shares of The Brink’s Company (NYSE:BCOGet Rating) by 10.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,605 shares of the business services provider’s stock after acquiring an additional 340 shares during the period. AE Wealth Management LLC’s holdings in Brink’s were worth $245,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BCO. Parkside Financial Bank & Trust grew its stake in shares of Brink’s by 62.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 600 shares of the business services provider’s stock worth $39,000 after acquiring an additional 231 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Brink’s during the fourth quarter worth about $72,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Brink’s by 551.0% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,699 shares of the business services provider’s stock worth $111,000 after acquiring an additional 1,438 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Brink’s during the fourth quarter worth about $170,000. Finally, Sanders Morris Harris LLC purchased a new stake in shares of Brink’s during the first quarter worth about $204,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

In related news, EVP Simon Davis purchased 8,500 shares of the firm’s stock in a transaction on Friday, June 10th. The stock was bought at an average cost of $59.35 per share, with a total value of $504,475.00. Following the completion of the acquisition, the executive vice president now owns 39,534 shares of the company’s stock, valued at approximately $2,346,342.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.72% of the company’s stock.

Separately, StockNews.com raised Brink’s from a “buy” rating to a “strong-buy” rating in a report on Monday, June 27th.

Brink’s stock opened at $57.23 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 8.01. The Brink’s Company has a 52 week low of $53.72 and a 52 week high of $80.43. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 17.34 and a beta of 1.40. The stock has a 50-day moving average price of $58.58 and a 200 day moving average price of $64.20.

Brink’s (NYSE:BCOGet Rating) last released its earnings results on Tuesday, May 10th. The business services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.21. Brink’s had a return on equity of 87.05% and a net margin of 3.75%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue was up 9.8% compared to the same quarter last year. Research analysts anticipate that The Brink’s Company will post 5.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, May 13th. Brink’s’s payout ratio is presently 24.24%.

Brink’s Company Profile (Get Rating)

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, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance services; network infrastructure; and cash-in-transit services.

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