The Brink's Company (NYSE:BCO) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 541,848 shares of the business services provider's stock after buying an additional 5,109 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.24% of Brink's worth $50,267,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its holdings in Brink's by 146.2% in the 4th 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 in the last quarter. Sierra Ocean LLC purchased a new stake in Brink's during the 4th quarter worth $36,000. Golden State Wealth Management LLC acquired a new position in Brink's during the 4th quarter worth approximately $55,000. First Horizon Advisors Inc. boosted its position in Brink's by 200.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock valued at $71,000 after buying an additional 407 shares during the last quarter. Finally, KBC Group NV increased 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. 94.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Remove Ads

Brink's Stock Performance

Brink's stock traded up $0.80 during mid-day trading on Monday, reaching $86.52. The company's stock had a trading volume of 263,198 shares, compared to its average volume of 260,308. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 32.77 and a beta of 1.42. The Brink's Company has a twelve month low of $83.38 and a twelve month high of $115.91. The business has a 50 day moving average price of $91.66 and a 200-day moving average price of $98.43. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76.

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

Brink's Announces Dividend

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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.12%. 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.