Ameriprise Financial Inc. Has $18.43 Million Stock Position in The Brink's Company (NYSE:BCO)

Ameriprise Financial Inc. lifted its stake in The Brink's Company (NYSE:BCO - Free Report) by 210.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 198,656 shares of the business services provider's stock after acquiring an additional 134,582 shares during the period. Ameriprise Financial Inc. owned approximately 0.46% of Brink's worth $18,429,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BCO. FMR LLC lifted its position in shares of Brink's by 12.0% in the 4th quarter. FMR LLC now owns 4,755,037 shares of the business services provider's stock worth $441,125,000 after acquiring an additional 510,389 shares during the period. American Century Companies Inc. boosted its stake in Brink's by 0.7% during the fourth quarter. American Century Companies Inc. now owns 1,496,660 shares of the business services provider's stock worth $138,845,000 after buying an additional 9,777 shares in the last quarter. Ariel Investments LLC increased its holdings in Brink's by 12.3% in the 4th quarter. Ariel Investments LLC now owns 1,282,104 shares of the business services provider's stock valued at $118,941,000 after buying an additional 140,895 shares during the period. Northern Trust Corp raised its stake in shares of Brink's by 14.0% in the 4th quarter. Northern Trust Corp now owns 613,301 shares of the business services provider's stock valued at $56,896,000 after buying an additional 75,138 shares in the last quarter. Finally, Southernsun Asset Management LLC lifted its holdings in shares of Brink's by 15.4% during the 4th quarter. Southernsun Asset Management LLC now owns 597,633 shares of the business services provider's stock worth $55,442,000 after acquiring an additional 79,701 shares during the period. Institutional investors own 94.96% of the company's stock.

Analysts Set New Price Targets

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

Brink's Price Performance

Brink's stock traded down $1.91 during mid-day trading on Monday, hitting $85.96. 325,756 shares of the company were exchanged, compared to its average volume of 299,963. The company has a market capitalization of $3.61 billion, a PE ratio of 32.56 and a beta of 1.42. The business has a fifty day moving average of $87.87 and a 200 day moving average of $91.58. The Brink's Company has a 1-year low of $80.21 and a 1-year 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.

Brink's (NYSE:BCO - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.43. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The firm's quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm posted $1.52 EPS. As a group, sell-side analysts expect that The Brink's Company will post 6.49 earnings per share for the current year.

Brink's Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $0.255 dividend. This is an increase from Brink's's previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Monday, May 19th. Brink's's payout ratio is presently 27.57%.

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.