Blair William & Co. IL Lowers Holdings in The Brink's Company (NYSE:BCO)

Blair William & Co. IL cut its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,528 shares of the business services provider's stock after selling 15,705 shares during the period. Blair William & Co. IL owned approximately 0.12% of Brink's worth $4,873,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. boosted its position in shares of Brink's by 134.2% during the 3rd quarter. Citigroup Inc. now owns 42,301 shares of the business services provider's stock valued at $4,892,000 after acquiring an additional 24,236 shares during the last quarter. Cerity Partners LLC lifted its position in Brink's by 32.7% during the third quarter. Cerity Partners LLC now owns 14,378 shares of the business services provider's stock valued at $1,663,000 after purchasing an additional 3,544 shares during the last quarter. Townsquare Capital LLC bought a new position in Brink's during the third quarter valued at $278,000. Martingale Asset Management L P purchased a new position in shares of Brink's in the 3rd quarter worth $667,000. Finally, Captrust Financial Advisors increased its holdings in shares of Brink's by 32.6% in the 3rd quarter. Captrust Financial Advisors now owns 6,276 shares of the business services provider's stock worth $726,000 after buying an additional 1,543 shares during 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 downgraded Brink's from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 8th.

Remove Ads

Brink's Trading Down 3.4 %

Brink's stock traded down $2.89 during midday trading on Friday, reaching $83.27. The stock had a trading volume of 92,424 shares, compared to its average volume of 266,026. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 31.54 and a beta of 1.42. The Brink's Company has a 52-week low of $82.78 and a 52-week high of $115.91. The company has a fifty day moving average of $90.25 and a 200 day moving average of $96.56.

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

Brink's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Monday, February 3rd. Brink's's payout ratio is presently 26.87%.

Brink's 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.