3,312 Shares in The Brink's Company (NYSE:BCO) Acquired by Summit Global Investments

Summit Global Investments acquired a new position in shares of The Brink's Company (NYSE:BCO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,312 shares of the business services provider's stock, valued at approximately $307,000.

Other hedge funds also recently modified their holdings of the company. Mather Group LLC. grew its position 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 valued at $27,000 after purchasing an additional 174 shares during the period. Sierra Ocean LLC acquired a new position in shares of Brink's during the fourth quarter worth about $36,000. Golden State Wealth Management LLC bought a new stake in Brink's in the 4th quarter valued at approximately $55,000. First Horizon Advisors Inc. boosted its position in Brink's by 200.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 610 shares of the business services provider's stock worth $71,000 after acquiring an additional 407 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Brink's by 61.6% in the fourth 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. Institutional investors own 94.96% of the company's stock.

Brink's Stock Performance

BCO traded down $0.88 during trading on Friday, hitting $87.13. The stock had a trading volume of 192,279 shares, compared to its average volume of 275,830. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The company has a 50 day moving average price of $90.65 and a 200-day moving average price of $97.10. The Brink's Company has a one year low of $82.78 and a one year high of $115.91. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 33.01 and a beta of 1.42.

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Brink's (NYSE:BCO - Get Free Report) last announced 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. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. As a group, research analysts predict that The Brink's Company will post 6.49 EPS for the current year.

Brink's Dividend Announcement

The firm 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 was Monday, February 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.11%. Brink's's payout ratio is 26.87%.

Wall Street Analysts Forecast Growth

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

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.