Norges Bank Takes $46.60 Million Position in The Brink's Company (NYSE:BCO)

Norges Bank acquired a new position in The Brink's Company (NYSE:BCO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 502,350 shares of the business services provider's stock, valued at approximately $46,603,000. Norges Bank owned approximately 1.15% of Brink's as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. boosted its stake in shares of Brink's by 146.2% in the 4th 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 last quarter. Sierra Ocean LLC bought a new stake in Brink's during the fourth quarter worth $36,000. Golden State Wealth Management LLC purchased a new position in Brink's in the fourth quarter worth $55,000. First Horizon Advisors Inc. grew its stake in Brink's by 41.0% in the 4th quarter. First Horizon Advisors Inc. now owns 860 shares of the business services provider's stock valued at $80,000 after purchasing an additional 250 shares during the period. Finally, KBC Group NV increased its position in shares of Brink's by 61.6% during the 4th quarter. KBC Group NV now owns 1,721 shares of the business services provider's stock valued at $160,000 after purchasing an additional 656 shares during the last quarter. 94.96% of the stock is owned by institutional investors.

Brink's Stock Performance

Shares of NYSE:BCO traded up $4.94 during mid-day trading on Wednesday, reaching $87.98. The company had a trading volume of 738,225 shares, compared to its average volume of 287,096. The Brink's Company has a one year low of $80.21 and a one year high of $115.91. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 8.76. The company's 50-day moving average price is $89.13 and its 200-day moving average price is $95.45. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 33.33 and a beta of 1.27.

Brink's (NYSE:BCO - Get Free Report) last released its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. As a group, equities research analysts anticipate that The Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were given a dividend of $0.2425 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.97 dividend on an annualized basis and a yield of 1.10%. Brink's's dividend payout ratio is presently 26.87%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of 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.