The Brink's Company (NYSE:BCO) Position Lifted by American Century Companies Inc.

American Century Companies Inc. grew its position in shares of The Brink's Company (NYSE:BCO - Free Report) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,496,660 shares of the business services provider's stock after purchasing an additional 9,777 shares during the period. American Century Companies Inc. owned 3.43% of Brink's worth $138,845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Global Investments acquired a new stake in Brink's during the fourth quarter worth approximately $307,000. Investment House LLC lifted its stake in shares of Brink's by 7.0% during the 4th quarter. Investment House LLC now owns 2,920 shares of the business services provider's stock worth $271,000 after purchasing an additional 190 shares during the period. Xponance Inc. boosted its holdings in shares of Brink's by 3.7% during the fourth quarter. Xponance Inc. now owns 6,244 shares of the business services provider's stock worth $579,000 after purchasing an additional 223 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Brink's by 122.8% in the fourth quarter. Intech Investment Management LLC now owns 29,222 shares of the business services provider's stock valued at $2,711,000 after purchasing an additional 16,107 shares during the period. Finally, Cibc World Markets Corp acquired a new position in shares of Brink's during the 4th quarter valued at about $385,000. 94.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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Brink's Trading Up 1.1 %

Shares of BCO traded up $1.00 during trading hours on Thursday, hitting $88.10. The stock had a trading volume of 221,702 shares, compared to its average volume of 264,409. The Brink's Company has a 12-month low of $82.78 and a 12-month high of $115.91. The firm has a market cap of $3.81 billion, a P/E ratio of 33.37 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 company's fifty day simple moving average is $90.82 and its 200 day simple moving average is $97.28.

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

Brink's Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.10%. 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.