Vanguard Group Inc. Reduces Position in The Brink's Company (NYSE:BCO)

Vanguard Group Inc. reduced its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,442,152 shares of the business services provider's stock after selling 202,912 shares during the period. Vanguard Group Inc. owned about 10.18% of Brink's worth $412,098,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Brink's by 5.1% during the third quarter. State Street Corp now owns 1,718,765 shares of the business services provider's stock worth $198,758,000 after acquiring an additional 82,999 shares during the period. American Century Companies Inc. increased its holdings in Brink's by 0.7% during the 4th quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider's stock worth $138,845,000 after purchasing an additional 9,777 shares during the period. Geode Capital Management LLC boosted its stake in shares of Brink's by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider's stock valued at $121,022,000 after buying an additional 8,841 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Brink's by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 541,848 shares of the business services provider's stock worth $50,267,000 after buying an additional 5,109 shares in the last quarter. Finally, Southernsun Asset Management LLC increased its stake in shares of Brink's by 11.0% during the third quarter. Southernsun Asset Management LLC now owns 517,932 shares of the business services provider's stock worth $59,894,000 after buying an additional 51,128 shares during the period. 94.96% of the stock is currently owned by institutional investors and hedge funds.

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 report on Saturday, March 8th.

Brink's Stock Down 1.6 %

NYSE BCO traded down $1.33 during trading on Monday, reaching $83.06. 710,185 shares of the company's stock were exchanged, compared to its average volume of 281,595. The company has a 50 day moving average price of $89.85 and a two-hundred day moving average price of $95.97. The stock has a market cap of $3.59 billion, a P/E ratio of 31.46 and a beta of 1.27. The Brink's Company has a 1 year low of $80.59 and a 1 year high of $115.91. 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 posted its earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts anticipate that The Brink's Company will post 6.49 EPS for the current fiscal year.

Brink's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were given a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Monday, February 3rd. Brink's's dividend payout ratio (DPR) is 26.87%.

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.