The Brink's Company (NYSE:BCO) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in The Brink's Company (NYSE:BCO - Free Report) by 23.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 298,386 shares of the business services provider's stock after purchasing an additional 57,109 shares during the period. JPMorgan Chase & Co. owned about 0.68% of Brink's worth $27,681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sound Income Strategies LLC grew its stake in 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 worth $6,487,000 after purchasing an additional 8,352 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of Brink's by 3.6% in the 4th 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 in the last quarter. Wellington Management Group LLP increased its holdings in shares of Brink's by 203.5% in the 3rd quarter. Wellington Management Group LLP now owns 69,693 shares of the business services provider's stock valued at $8,059,000 after acquiring an additional 46,729 shares during the last quarter. Profit Investment Management LLC raised its position in shares of Brink's by 13.9% during the 4th 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 in the last quarter. Finally, Choreo LLC bought a new position in Brink's during the fourth quarter worth $463,000. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Brink's Stock Performance

Shares of BCO traded up $3.34 during midday trading on Friday, hitting $86.40. 348,923 shares of the stock traded hands, compared to its average volume of 289,773. The business's 50 day moving average price is $88.83 and its two-hundred day moving average price is $94.95. The firm has a market capitalization of $3.73 billion, a PE ratio of 32.73 and a beta of 1.27. The company has a debt-to-equity ratio of 8.76, a quick ratio of 1.57 and a current ratio of 1.57. The Brink's Company has a 1-year low of $80.21 and a 1-year high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.26. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.25 billion. Equities research analysts predict that The Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were paid a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, February 3rd. Brink's's dividend payout ratio is currently 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.