Channing Capital Management LLC Sells 18,531 Shares of The Brink's Company (NYSE:BCO)

Channing Capital Management LLC lowered its stake in The Brink's Company (NYSE:BCO - Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 828,024 shares of the business services provider's stock after selling 18,531 shares during the quarter. Brink's accounts for 2.0% of Channing Capital Management LLC's portfolio, making the stock its 20th biggest position. Channing Capital Management LLC owned 1.90% of Brink's worth $76,816,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BCO. Mather Group LLC. lifted its position 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 purchasing an additional 174 shares during the last quarter. Sierra Ocean LLC bought a new stake in Brink's in the fourth quarter valued at approximately $36,000. Golden State Wealth Management LLC bought a new stake in Brink's in the fourth quarter valued at approximately $55,000. First Horizon Advisors Inc. lifted its position in Brink's by 200.5% in the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock valued at $71,000 after purchasing an additional 407 shares during the last quarter. Finally, KBC Group NV lifted its position in Brink's by 61.6% in the fourth 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. Institutional investors own 94.96% of the company's stock.

Wall Street Analysts Forecast Growth

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

Remove Ads

Brink's Trading Up 3.0 %

Shares of Brink's stock traded up $2.47 during midday trading on Friday, reaching $85.86. 347,121 shares of the company's stock traded hands, compared to its average volume of 249,482. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $3.70 billion, a PE ratio of 32.52 and a beta of 1.42. The stock has a 50 day moving average of $91.80 and a 200-day moving average of $98.73. The Brink's Company has a 12 month low of $83.38 and a 12 month high of $115.91.

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 for the quarter, compared to analysts' expectations of $1.25 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. As a group, equities 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were paid 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 1.13%. Brink's's payout ratio 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.