Raymond James Financial Inc. Acquires Shares of 89,008 The Brink's Company (NYSE:BCO)

Raymond James Financial Inc. bought a new stake in shares of The Brink's Company (NYSE:BCO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 89,008 shares of the business services provider's stock, valued at approximately $8,257,000. Raymond James Financial Inc. owned approximately 0.20% of Brink's at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BCO. Mather Group LLC. increased its holdings in shares of Brink's by 146.2% during the fourth quarter. Mather Group LLC. now owns 293 shares of the business services provider's stock valued at $27,000 after purchasing an additional 174 shares during the period. Y Intercept Hong Kong Ltd increased its stake in Brink's by 3.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,289 shares of the business services provider's stock valued at $491,000 after buying an additional 184 shares during the period. Hancock Whitney Corp raised its position in shares of Brink's by 1.4% during the 3rd quarter. Hancock Whitney Corp now owns 14,279 shares of the business services provider's stock worth $1,651,000 after buying an additional 192 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Brink's by 1.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 21,574 shares of the business services provider's stock worth $2,001,000 after acquiring an additional 207 shares during the period. Finally, Westside Investment Management Inc. boosted its holdings in shares of Brink's by 0.8% in the fourth quarter. Westside Investment Management Inc. now owns 30,653 shares of the business services provider's stock valued at $2,844,000 after acquiring an additional 232 shares in the last quarter. Institutional investors own 94.96% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Brink's Price Performance

NYSE:BCO traded down $0.63 during mid-day trading on Wednesday, reaching $87.08. 220,223 shares of the stock were exchanged, compared to its average volume of 265,129. 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 business has a fifty day moving average price of $90.94 and a 200 day moving average price of $97.35. The Brink's Company has a 1-year low of $82.78 and a 1-year high of $115.91. The firm has a market capitalization of $3.76 billion, a PE ratio of 32.98 and a beta of 1.42.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings data 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. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.25 billion. Research analysts expect that The Brink's Company will post 6.49 earnings per share for the current fiscal year.

Brink's Dividend Announcement

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

Brink's 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.