Wellington Management Group LLP Raises Stake in The Brink's Company (NYSE:BCO)

Wellington Management Group LLP grew its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 114.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 149,222 shares of the business services provider's stock after acquiring an additional 79,529 shares during the quarter. Wellington Management Group LLP owned about 0.34% of Brink's worth $13,843,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BCO. Captrust Financial Advisors raised its stake in shares of Brink's by 32.6% in the 3rd quarter. Captrust Financial Advisors now owns 6,276 shares of the business services provider's stock worth $726,000 after buying an additional 1,543 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Brink's in the 3rd quarter worth approximately $205,000. Stifel Financial Corp acquired a new position in shares of Brink's in the 3rd quarter worth approximately $575,000. State Street Corp lifted its stake in 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 valued at $198,758,000 after purchasing an additional 82,999 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in Brink's during the third quarter worth approximately $201,000. 94.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of 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 up $0.36 during mid-day trading on Monday, reaching $86.76. 8,238 shares of the company were exchanged, compared to its average volume of 288,670. The Brink's Company has a 12 month low of $80.21 and a 12 month high of $115.91. The stock has a market cap of $3.75 billion, a PE ratio of 32.87 and a beta of 1.27. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 8.76. The company has a fifty day moving average of $88.83 and a 200 day moving average of $94.95.

Brink's (NYSE:BCO - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.26. Brink's had a return on equity of 71.46% and a net margin of 2.37%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. On average, 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 disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 3rd were paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, February 3rd. Brink's's dividend payout ratio (DPR) 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.