LSV Asset Management Sells 19,753 Shares of The Brink's Company (NYSE:BCO)

LSV Asset Management decreased its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,061,542 shares of the business services provider's stock after selling 19,753 shares during the period. LSV Asset Management owned approximately 2.43% of Brink's worth $98,479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in shares of Brink's by 12.0% during the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock valued at $441,125,000 after buying an additional 510,389 shares in the last quarter. Norges Bank acquired a new stake in shares of Brink's during the 4th quarter worth about $46,603,000. Raymond James Financial Inc. acquired a new stake in Brink's in the 4th quarter valued at approximately $8,257,000. State Street Corp raised its holdings in shares of Brink's by 5.1% in the 3rd quarter. State Street Corp now owns 1,718,765 shares of the business services provider's stock valued at $198,758,000 after buying an additional 82,999 shares during the period. Finally, Invesco Ltd. increased its stake in Brink's by 32.1% during the 4th quarter. Invesco Ltd. now owns 339,596 shares of the business services provider's stock worth $31,504,000 after buying an additional 82,451 shares during the period. 94.96% of the stock is currently owned by institutional investors and hedge funds.

Brink's Trading Down 0.1 %

NYSE BCO traded down $0.09 during mid-day trading on Wednesday, reaching $87.05. 40,998 shares of the stock were exchanged, compared to its average volume of 288,419. The business's fifty day simple moving average is $88.67 and its 200 day simple moving average is $94.71. The Brink's Company has a 1-year low of $80.21 and a 1-year high of $115.91. The stock has a market capitalization of $3.76 billion, a PE ratio of 32.97 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.

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, topping analysts' consensus estimates of $1.86 by $0.26. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.25 billion. Brink's had a return on equity of 71.46% and a net margin of 2.37%. On average, research analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 of this dividend was Monday, February 3rd. Brink's's payout ratio is currently 26.87%.

Wall Street Analysts Forecast Growth

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

Brink's Company 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.