Bank of New York Mellon Corp Sells 22,756 Shares of The Brink's Company (NYSE:BCO)

Bank of New York Mellon Corp decreased its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 498,759 shares of the business services provider's stock after selling 22,756 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.14% of Brink's worth $46,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mather Group LLC. grew its position in Brink's by 146.2% in the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock worth $27,000 after purchasing an additional 174 shares during the last quarter. Sierra Ocean LLC bought a new stake in Brink's during the fourth quarter worth approximately $36,000. Golden State Wealth Management LLC bought a new stake in Brink's during the fourth quarter worth approximately $55,000. First Horizon Advisors Inc. boosted its holdings in Brink's by 200.5% during the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock worth $71,000 after buying an additional 407 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Brink's by 7.1% during the third quarter. US Bancorp DE now owns 1,584 shares of the business services provider's stock worth $183,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Brink's Stock Performance

NYSE:BCO traded up $2.60 during midday trading on Friday, reaching $89.50. The stock had a trading volume of 242,646 shares, compared to its average volume of 241,433. The Brink's Company has a 1-year low of $82.94 and a 1-year high of $115.91. The firm's fifty day simple moving average is $92.33 and its 200-day simple moving average is $99.28. 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 stock has a market capitalization of $3.86 billion, a P/E ratio of 33.90 and a beta of 1.42.

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

Brink's Announces Dividend

The business also recently declared 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 of this dividend was Monday, February 3rd. This represents a $0.97 annualized dividend and a yield of 1.08%. Brink's's dividend payout ratio is 26.87%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Brink's from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

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.