Corebridge Financial Inc. Decreases Holdings in The Brink's Company (NYSE:BCO)

Corebridge Financial Inc. lowered its position in The Brink's Company (NYSE:BCO - Free Report) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,128 shares of the business services provider's stock after selling 4,765 shares during the quarter. Corebridge Financial Inc. owned about 0.16% of Brink's worth $6,599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. raised its position in shares of Brink's by 146.2% during the 4th quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock valued at $27,000 after buying an additional 174 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in 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 buying an additional 184 shares during the period. Investment House LLC increased its position in shares of Brink's by 7.0% during the fourth quarter. Investment House LLC now owns 2,920 shares of the business services provider's stock valued at $271,000 after acquiring an additional 190 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Brink's by 1.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 21,574 shares of the business services provider's stock valued at $2,001,000 after acquiring an additional 207 shares during the period. Finally, Xponance Inc. lifted its holdings in shares of Brink's by 3.7% in the 4th quarter. Xponance Inc. now owns 6,244 shares of the business services provider's stock worth $579,000 after acquiring an additional 223 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Brink's Trading Up 2.4 %

NYSE BCO traded up $2.07 during trading on Tuesday, hitting $88.23. The stock had a trading volume of 129,163 shares, compared to its average volume of 263,986. The company has a market capitalization of $3.81 billion, a PE ratio of 33.41 and a beta of 1.42. The Brink's Company has a twelve month low of $82.78 and a twelve month high of $115.91. 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 firm has a 50 day moving average price of $90.52 and a 200 day moving average price of $96.83.

Brink's (NYSE:BCO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 EPS for the quarter, beating 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 research analysts forecast that The Brink's Company will post 6.49 earnings per share for the current year.

Brink's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were issued 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 1.10%. Brink's's dividend payout ratio (DPR) is 26.87%.

Wall Street Analyst Weigh In

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

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.