Investment House LLC Boosts Stock Holdings in The Brink’s Company (NYSE:BCO)

Investment House LLC lifted its holdings in The Brink’s Company (NYSE:BCO) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,920 shares of the business services provider’s stock after buying an additional 190 shares during the period. Investment House LLC’s holdings in Brink’s were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its holdings in 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 valued at $6,487,000 after purchasing an additional 8,352 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Brink’s by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider’s stock worth $27,901,000 after purchasing an additional 23,781 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Brink’s by 3.6% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider’s stock valued at $491,000 after acquiring an additional 184 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Brink’s during the 3rd quarter worth approximately $1,497,000. Finally, Wellington Management Group LLP grew its position in shares of Brink’s by 203.5% during the third quarter. Wellington Management Group LLP now owns 69,693 shares of the business services provider’s stock worth $8,059,000 after acquiring an additional 46,729 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Brink’s from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 8th.

Brink’s Price Performance

BCO stock opened at $87.38 on Thursday. The firm has a market cap of $3.77 billion, a P/E ratio of 33.10 and a beta of 1.42. The stock’s 50 day moving average price is $91.32 and its 200 day moving average price is $98.02. The Brink’s Company has a 1 year low of $83.38 and a 1 year high of $115.91. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57.

Brink’s (NYSE:BCO) last posted its quarterly earnings data 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 the consensus estimate of $1.25 billion. Brink’s had a net margin of 2.37% and a return on equity of 71.46%. On average, sell-side analysts expect that The Brink’s Company will post 6.49 earnings per share for the current fiscal year.

Brink’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were issued a $0.2425 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 1.11%. Brink’s’s dividend payout ratio is currently 26.87%.

Brink’s Company Profile

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.