Boston Partners Cuts Stock Holdings in The Brink's Company (NYSE:BCO)

Boston Partners trimmed its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 44.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 539,945 shares of the business services provider's stock after selling 424,842 shares during the quarter. Boston Partners owned approximately 1.24% of Brink's worth $50,077,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BCO. Mather Group LLC. raised its stake in shares of Brink's by 146.2% during the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock worth $27,000 after acquiring an additional 174 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Brink's in the fourth quarter valued at about $36,000. Golden State Wealth Management LLC acquired a new stake in Brink's in the fourth quarter worth about $55,000. First Horizon Advisors Inc. grew its stake in shares of 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 acquiring an additional 407 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Brink's by 61.6% in the 4th quarter. KBC Group NV now owns 1,721 shares of the business services provider's stock valued at $160,000 after purchasing an additional 656 shares during the last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Brink's Stock Performance

Shares of NYSE:BCO traded up $3.76 during trading on Monday, hitting $87.59. The stock had a trading volume of 426,922 shares, compared to its average volume of 265,416. 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 Brink's Company has a 12-month low of $82.78 and a 12-month high of $115.91. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 33.18 and a beta of 1.42. The stock has a 50-day simple moving average of $91.06 and a two-hundred day simple moving average of $97.62.

Brink's (NYSE:BCO - Get Free Report) last posted 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 company had revenue of $1.26 billion during 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%. On average, equities research analysts expect 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. Shareholders of record on Monday, February 3rd were given a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 1.11%. The ex-dividend date was Monday, February 3rd. Brink's's dividend payout ratio is currently 26.87%.

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.