Cibc World Markets Corp Makes New Investment in The Brink's Company (NYSE:BCO)

Cibc World Markets Corp acquired a new stake in The Brink's Company (NYSE:BCO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,150 shares of the business services provider's stock, valued at approximately $385,000.

A number of other large investors also recently modified their holdings of the stock. Sound Income Strategies LLC increased its holdings in shares of Brink's by 13.6% in the fourth quarter. Sound Income Strategies LLC now owns 69,930 shares of the business services provider's stock valued at $6,487,000 after purchasing an additional 8,352 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Brink's by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 241,277 shares of the business services provider's stock valued at $27,901,000 after buying an additional 23,781 shares during the period. Y Intercept Hong Kong Ltd raised its position in shares of Brink's by 3.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider's stock worth $491,000 after acquiring an additional 184 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Brink's by 203.5% during the third quarter. Wellington Management Group LLP now owns 69,693 shares of the business services provider's stock worth $8,059,000 after acquiring an additional 46,729 shares during the last quarter. Finally, Profit Investment Management LLC lifted its stake in shares of Brink's by 13.9% during the fourth quarter. Profit Investment Management LLC now owns 24,648 shares of the business services provider's stock valued at $2,287,000 after acquiring an additional 3,005 shares during the period. 94.96% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

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

Brink's Trading Up 1.1 %

BCO stock traded up $1.00 during midday trading on Thursday, reaching $88.10. The company's stock had a trading volume of 221,702 shares, compared to its average volume of 264,409. The business's 50-day simple moving average is $90.82 and its 200-day simple moving average is $97.28. 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 52 week low of $82.78 and a 52 week high of $115.91. The stock has a market cap of $3.81 billion, a PE ratio of 33.37 and a beta of 1.42.

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 the consensus estimate of $1.86 by $0.26. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. As a group, sell-side analysts expect that The Brink's Company will post 6.49 EPS for the current year.

Brink's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were given a $0.2425 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.10%. 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.