William Blair Investment Management LLC Reduces Position in The Brink's Company (NYSE:BCO)

William Blair Investment Management LLC cut its position in The Brink's Company (NYSE:BCO - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,323,668 shares of the business services provider's stock after selling 432,397 shares during the quarter. William Blair Investment Management LLC owned about 5.32% of Brink's worth $215,567,000 at the end of the most recent reporting period.

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

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Brink's Price Performance

NYSE:BCO traded down $2.16 during midday trading on Friday, hitting $83.65. The company had a trading volume of 1,256,607 shares, compared to its average volume of 264,319. The stock's fifty day moving average price is $91.19 and its 200-day moving average price is $97.93. The Brink's Company has a 52-week low of $82.85 and a 52-week high of $115.91. 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 market capitalization of $3.61 billion, a PE ratio of 31.69 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 EPS for the quarter, beating the consensus estimate 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 return on equity of 71.46% and a net margin of 2.37%. As a group, research analysts expect that The Brink's Company will post 6.49 earnings per share for the current year.

Brink's Dividend Announcement

The firm 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 yield of 1.16%. The ex-dividend date was Monday, February 3rd. Brink's's payout ratio is presently 26.87%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered 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.