KBC Group NV lifted its holdings in Brink’s Company (The) (NYSE:BCO – Free Report) by 1,545.3% during the 1st quarter, HoldingsChannel reports. The fund owned 22,771 shares of the business services provider’s stock after acquiring an additional 21,387 shares during the quarter. KBC Group NV’s holdings in Brink’s were worth $2,360,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of BCO. Smartleaf Asset Management LLC raised its stake in Brink’s by 150.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 243 shares of the business services provider’s stock worth $29,000 after purchasing an additional 146 shares in the last quarter. NFSG Corp bought a new position in shares of Brink’s during the first quarter worth approximately $32,000. Advisory Services Network LLC acquired a new stake in shares of Brink’s in the third quarter valued at approximately $33,000. Global Retirement Partners LLC bought a new stake in shares of Brink’s in the fourth quarter valued at approximately $39,000. Finally, Wexford Capital LP bought a new stake in shares of Brink’s in the third quarter valued at approximately $42,000. 94.96% of the stock is owned by institutional investors.
Brink’s Price Performance
BCO stock opened at $121.98 on Friday. The company’s 50-day moving average price is $104.57 and its two-hundred day moving average price is $111.94. The firm has a market cap of $5.02 billion, a P/E ratio of 28.50 and a beta of 1.06. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 9.75. Brink’s Company has a 12 month low of $84.99 and a 12 month high of $136.37.
Brink’s Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, July 27th will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, July 27th. Brink’s’s payout ratio is currently 23.83%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Brink’s currently has an average rating of “Moderate Buy” and an average price target of $154.00.
Check Out Our Latest Stock Analysis on Brink’s
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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Want to see what other hedge funds are holding BCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brink’s Company (The) (NYSE:BCO – Free Report).
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