The Brink's Company (NYSE:BCO) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lessened its stake in The Brink's Company (NYSE:BCO - Free Report) by 97.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 450 shares of the business services provider's stock after selling 20,643 shares during the period. AlphaQuest LLC's holdings in Brink's were worth $42,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Atria Investments Inc bought a new position in shares of Brink's during the 3rd quarter valued at approximately $272,000. Natixis Advisors LLC boosted its stake in shares of Brink's by 15.7% during the 3rd quarter. Natixis Advisors LLC now owns 24,919 shares of the business services provider's stock valued at $2,882,000 after purchasing an additional 3,376 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Brink's in the 3rd quarter worth about $1,497,000. Howe & Rusling Inc. boosted its stake in Brink's by 22.3% in the 3rd quarter. Howe & Rusling Inc. now owns 4,998 shares of the business services provider's stock worth $578,000 after purchasing an additional 910 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Brink's by 200.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock valued at $71,000 after acquiring an additional 407 shares during the last quarter. 94.96% of the stock is owned by institutional investors.

Brink's Trading Up 4.5 %

BCO traded up $3.76 during trading on Monday, hitting $87.59. 426,922 shares of the stock were exchanged, compared to its average volume of 265,416. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 33.18 and a beta of 1.42. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The Brink's Company has a 1 year low of $82.78 and a 1 year high of $115.91. The firm has a 50 day simple moving average of $91.06 and a 200 day simple moving average of $97.62.

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Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.26. The firm had revenue of $1.26 billion for 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%. As a group, equities analysts expect that The Brink's Company will post 6.49 EPS for the current year.

Brink's Dividend Announcement

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

Wall Street Analyst Weigh In

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 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.