California Public Employees Retirement System Has $7.79 Million Holdings in The Brink's Company (NYSE:BCO)

California Public Employees Retirement System lowered its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 9.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,004 shares of the business services provider's stock after selling 8,815 shares during the period. California Public Employees Retirement System owned about 0.19% of Brink's worth $7,793,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mather Group LLC. increased its stake in Brink's by 146.2% in the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock valued at $27,000 after acquiring an additional 174 shares during the period. Sierra Ocean LLC bought a new stake in shares of Brink's during the fourth quarter worth $36,000. Golden State Wealth Management LLC bought a new stake in shares of Brink's during the fourth quarter valued at approximately $55,000. First Horizon Advisors Inc. raised its position in shares of Brink's by 41.0% during the fourth quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider's stock worth $80,000 after acquiring an additional 250 shares during the last quarter. Finally, KBC Group NV raised its holdings in Brink's by 61.6% during the 4th quarter. KBC Group NV now owns 1,721 shares of the business services provider's stock worth $160,000 after purchasing an additional 656 shares during the last quarter. Institutional investors own 94.96% of the company's stock.

Analyst Ratings Changes

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 Stock Up 4.0 %

Shares of NYSE BCO traded up $3.34 during mid-day trading on Friday, reaching $86.40. 348,923 shares of the company's stock were exchanged, compared to its average volume of 289,113. The Brink's Company has a twelve month low of $80.21 and a twelve month high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 32.73 and a beta of 1.27. The business has a fifty day simple moving average of $88.83 and a 200 day simple moving average of $95.07.

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 for the quarter, topping the consensus estimate of $1.86 by $0.26. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations 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 fiscal year.

Brink's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Monday, February 3rd. Brink's's dividend payout ratio is 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.