Fmr LLC Acquires 510,389 Shares of The Brink's Company (NYSE:BCO)

FMR LLC increased its holdings in The Brink's Company (NYSE:BCO - Free Report) by 12.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,755,037 shares of the business services provider's stock after acquiring an additional 510,389 shares during the quarter. FMR LLC owned approximately 10.90% of Brink's worth $441,125,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BCO. Norges Bank acquired a new stake in Brink's in the fourth quarter valued at $46,603,000. Raymond James Financial Inc. purchased a new stake in Brink's during the 4th quarter worth $8,257,000. State Street Corp increased its stake in shares of Brink's by 5.1% in the third quarter. State Street Corp now owns 1,718,765 shares of the business services provider's stock worth $198,758,000 after buying an additional 82,999 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Brink's by 114.1% during the 4th quarter. Wellington Management Group LLP now owns 149,222 shares of the business services provider's stock worth $13,843,000 after buying an additional 79,529 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Brink's by 23.7% during the 4th quarter. JPMorgan Chase & Co. now owns 298,386 shares of the business services provider's stock valued at $27,681,000 after buying an additional 57,109 shares during the last quarter. Institutional investors and hedge funds own 94.96% of the company's stock.

Analyst Upgrades and Downgrades

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

Brink's Price Performance

BCO stock traded down $0.20 during trading on Tuesday, hitting $87.50. The company had a trading volume of 38,714 shares, compared to its average volume of 288,413. The Brink's Company has a fifty-two week low of $80.21 and a fifty-two week high of $115.91. The company has a market cap of $3.78 billion, a P/E ratio of 33.16 and a beta of 1.27. The company has a fifty day moving average price of $88.76 and a two-hundred day moving average price of $94.76. 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 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 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%. Equities research analysts expect that The Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Monday, February 3rd. Brink's's 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.