Intech Investment Management LLC Boosts Stock Position in The Brink's Company (NYSE:BCO)

Intech Investment Management LLC increased its holdings in The Brink's Company (NYSE:BCO - Free Report) by 122.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,222 shares of the business services provider's stock after purchasing an additional 16,107 shares during the quarter. Intech Investment Management LLC owned 0.07% of Brink's worth $2,711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Mather Group LLC. increased its holdings in shares of Brink's by 146.2% in the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock worth $27,000 after buying an additional 174 shares during the period. Sierra Ocean LLC purchased a new position in Brink's in the 4th quarter worth approximately $36,000. Golden State Wealth Management LLC bought a new stake in Brink's in the fourth quarter valued at approximately $55,000. First Horizon Advisors Inc. boosted its stake in shares of Brink's by 200.5% during the third quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock valued at $71,000 after purchasing an additional 407 shares during the period. Finally, KBC Group NV grew its holdings in Brink's by 61.6% in the 4th quarter. KBC Group NV now owns 1,721 shares of the business services provider's stock worth $160,000 after acquiring an additional 656 shares during the last quarter. 94.96% of the stock is owned by institutional investors.

Brink's Trading Up 4.5 %

BCO stock traded up $3.76 during trading on Monday, reaching $87.59. The company had a trading volume of 426,922 shares, compared to its average volume of 265,416. The business has a 50 day moving average of $91.06 and a 200 day moving average of $97.62. 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 company has a market cap of $3.78 billion, a P/E ratio of 33.18 and a beta of 1.42. The Brink's Company has a 52 week low of $82.78 and a 52 week high of $115.91.

Remove Ads

Brink's (NYSE:BCO - Get Free Report) last announced its 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 firm had revenue of $1.26 billion during 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 forecast that The Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were given a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Monday, February 3rd. Brink's's dividend payout ratio is presently 26.87%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Brink's from a "strong-buy" rating to a "buy" rating in a research note 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.