8,800 Shares in The Brink's Company (NYSE:BCO) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in shares of The Brink's Company (NYSE:BCO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,800 shares of the business services provider's stock, valued at approximately $816,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BCO. Sei Investments Co. lifted its position in Brink's by 10.1% during the 4th quarter. Sei Investments Co. now owns 251,661 shares of the business services provider's stock valued at $23,347,000 after acquiring an additional 23,125 shares during the period. American Century Companies Inc. boosted its position in shares of Brink's by 0.7% in the 4th quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider's stock worth $138,845,000 after purchasing an additional 9,777 shares in the last quarter. Summit Global Investments purchased a new stake in shares of Brink's in the 4th quarter worth approximately $307,000. Investment House LLC increased its position in Brink's by 7.0% during the 4th quarter. Investment House LLC now owns 2,920 shares of the business services provider's stock valued at $271,000 after buying an additional 190 shares in the last quarter. Finally, Xponance Inc. raised its stake in Brink's by 3.7% during the fourth quarter. Xponance Inc. now owns 6,244 shares of the business services provider's stock valued at $579,000 after buying an additional 223 shares during the last quarter. 94.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Brink's Stock Down 1.9 %

Shares of NYSE:BCO traded down $1.63 during trading on Friday, reaching $84.53. 694,900 shares of the stock traded hands, compared to its average volume of 279,881. The stock has a market cap of $3.65 billion, a P/E ratio of 32.02 and a beta of 1.42. 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 stock has a 50-day moving average of $90.07 and a two-hundred day moving average of $96.28. The Brink's Company has a 52-week low of $82.78 and a 52-week high of $115.91.

Brink's (NYSE:BCO - Get Free Report) last issued its 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. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. As a group, sell-side analysts expect 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. Stockholders of record on Monday, February 3rd were paid a $0.2425 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.15%. Brink's's dividend payout ratio (DPR) 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.