William Blair Investment Management LLC Sells 432,397 Shares of The Brink’s Company (NYSE:BCO)

William Blair Investment Management LLC trimmed its holdings in The Brink’s Company (NYSE:BCO) by 15.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,323,668 shares of the business services provider’s stock after selling 432,397 shares during the quarter. William Blair Investment Management LLC owned 5.32% of Brink’s worth $215,567,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC lifted its holdings in shares of Brink’s by 13.6% in the 4th quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider’s stock worth $6,487,000 after acquiring an additional 8,352 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Brink’s by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider’s stock valued at $27,901,000 after buying an additional 23,781 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in Brink’s by 3.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider’s stock valued at $491,000 after buying an additional 184 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Brink’s during the 3rd quarter valued at $1,497,000. Finally, Wellington Management Group LLP raised its holdings in Brink’s by 203.5% during the 3rd quarter. Wellington Management Group LLP now owns 69,693 shares of the business services provider’s stock valued at $8,059,000 after buying an additional 46,729 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.

Brink’s Trading Up 3.0 %

NYSE:BCO opened at $85.86 on Monday. The company has a fifty day moving average of $91.66 and a 200 day moving average of $98.43. The Brink’s Company has a 52 week low of $83.38 and a 52 week high of $115.91. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a market capitalization of $3.70 billion, a P/E ratio of 32.52 and a beta of 1.42.

Brink’s (NYSE:BCO) last posted its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.26. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. On average, research analysts predict that The Brink’s Company will post 6.49 earnings per share for the current year.

Brink’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were given a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Monday, February 3rd. Brink’s’s payout ratio is currently 26.87%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Brink’s from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 8th.

About Brink’s

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.