Ballast Asset Management LP Increases Position in The Brink's Company (NYSE:BCO)

Ballast Asset Management LP increased its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,360 shares of the business services provider's stock after purchasing an additional 4,122 shares during the quarter. Brink's accounts for approximately 1.9% of Ballast Asset Management LP's investment portfolio, making the stock its 23rd largest holding. Ballast Asset Management LP owned 0.09% of Brink's worth $3,651,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BCO. Norges Bank acquired a new stake in Brink's during the 4th quarter worth about $46,603,000. Raymond James Financial Inc. acquired a new stake in Brink's during the fourth quarter worth about $8,257,000. State Street Corp raised its position 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 acquiring an additional 82,999 shares in the last quarter. Wellington Management Group LLP raised its position in Brink's by 114.1% during the fourth quarter. Wellington Management Group LLP now owns 149,222 shares of the business services provider's stock valued at $13,843,000 after acquiring an additional 79,529 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Brink's by 23.7% in the 4th quarter. JPMorgan Chase & Co. now owns 298,386 shares of the business services provider's stock worth $27,681,000 after purchasing an additional 57,109 shares in the last quarter. Hedge funds and other institutional investors own 94.96% of the company's stock.

Wall Street Analyst Weigh In

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

Brink's Price Performance

NYSE BCO traded down $1.63 during trading hours on Friday, reaching $84.53. The company's stock had a trading volume of 694,900 shares, compared to its average volume of 279,881. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 32.02 and a beta of 1.27. The company's 50-day moving average is $90.07 and its two-hundred day moving average is $96.28. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The Brink's Company has a 1-year low of $82.78 and a 1-year high of $115.91.

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

Brink's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were paid 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 1.15%. Brink's's dividend payout ratio is currently 26.87%.

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.