The Brink's Company (NYSE:BCO) Holdings Lowered by Alliancebernstein L.P.

Alliancebernstein L.P. cut its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,298 shares of the business services provider's stock after selling 5,665 shares during the quarter. Alliancebernstein L.P. owned approximately 0.21% of Brink's worth $8,470,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BCO. Norges Bank bought a new position in Brink's during the 4th quarter valued at $46,603,000. Raymond James Financial Inc. acquired a new position in Brink's in the fourth quarter worth about $8,257,000. State Street Corp raised its stake in Brink's by 5.1% during the third quarter. State Street Corp now owns 1,718,765 shares of the business services provider's stock valued at $198,758,000 after buying an additional 82,999 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Brink's by 114.1% in the 4th quarter. Wellington Management Group LLP now owns 149,222 shares of the business services provider's stock worth $13,843,000 after acquiring an additional 79,529 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Brink's by 23.7% in the 4th quarter. JPMorgan Chase & Co. now owns 298,386 shares of the business services provider's stock valued at $27,681,000 after acquiring an additional 57,109 shares during the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink's Stock Performance

BCO traded down $0.34 during trading on Wednesday, reaching $86.80. 20,415 shares of the company were exchanged, compared to its average volume of 288,330. The Brink's Company has a 52 week low of $80.21 and a 52 week high of $115.91. The stock has a market cap of $3.75 billion, a P/E ratio of 32.81 and a beta of 1.27. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a 50 day moving average of $88.67 and a 200 day moving average of $94.71.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.26. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.25 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. On average, sell-side analysts forecast that The Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were given a $0.2425 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 1.12%. Brink's's dividend payout ratio (DPR) is 26.87%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Brink's from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 8th.

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.