CenterBook Partners LP Purchases 8,447 Shares of The Brink's Company (NYSE:BCO)

CenterBook Partners LP increased its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 44.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,608 shares of the business services provider's stock after buying an additional 8,447 shares during the quarter. CenterBook Partners LP owned 0.06% of Brink's worth $2,561,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Captrust Financial Advisors increased its stake in Brink's by 32.6% during the 3rd quarter. Captrust Financial Advisors now owns 6,276 shares of the business services provider's stock valued at $726,000 after purchasing an additional 1,543 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Brink's during the third quarter worth about $205,000. Stifel Financial Corp acquired a new stake in shares of Brink's in the 3rd quarter worth about $575,000. State Street Corp lifted its position in Brink's by 5.1% in the 3rd 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. Finally, Wellington Management Group LLP boosted its stake in Brink's by 203.5% during the 3rd quarter. Wellington Management Group LLP now owns 69,693 shares of the business services provider's stock valued at $8,059,000 after purchasing an additional 46,729 shares during the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 Price Performance

Shares of Brink's stock traded down $0.22 during trading on Tuesday, hitting $87.48. 51,157 shares of the stock traded hands, compared to its average volume of 288,462. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 33.14 and a beta of 1.27. The Brink's Company has a 52 week low of $80.21 and a 52 week high of $115.91. The firm's fifty day moving average is $88.76 and its 200-day moving average is $94.76. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76.

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

Brink's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were issued a $0.2425 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 1.11%. Brink's's dividend payout ratio (DPR) is 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.