Geode Capital Management LLC Cuts Position in The Brink's Company (NYSE:BCO)

Geode Capital Management LLC decreased its holdings in The Brink's Company (NYSE:BCO - Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,032,120 shares of the business services provider's stock after selling 14,216 shares during the period. Geode Capital Management LLC owned approximately 2.37% of Brink's worth $95,771,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Brink's during the fourth quarter valued at approximately $46,603,000. Raymond James Financial Inc. bought a new position in Brink's during the 4th quarter valued at about $8,257,000. State Street Corp lifted its position in Brink's by 5.1% during the third quarter. State Street Corp now owns 1,718,765 shares of the business services provider's stock valued at $198,758,000 after purchasing an additional 82,999 shares during the period. Wellington Management Group LLP grew its position in Brink's by 114.1% during the fourth quarter. Wellington Management Group LLP now owns 149,222 shares of the business services provider's stock valued at $13,843,000 after buying an additional 79,529 shares during the period. Finally, JPMorgan Chase & Co. lifted 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 in the last quarter. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Brink's Trading Down 0.4 %

Shares of BCO traded down $0.34 during mid-day trading on Wednesday, reaching $86.80. 20,415 shares of the company's stock traded hands, compared to its average volume of 288,330. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The stock's 50-day moving average is $88.67 and its two-hundred day moving average is $94.71. The Brink's Company has a 12 month low of $80.21 and a 12 month high of $115.91. The stock has a market cap of $3.75 billion, a P/E ratio of 32.81 and a beta of 1.27.

Brink's (NYSE:BCO - Get Free Report) last posted its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.26. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. Research analysts forecast that The Brink's Company will post 6.49 earnings per share for the current fiscal 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 dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, February 3rd. 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.