The Brink's Company (NYSE:BCO) Stake Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its holdings in shares of The Brink's Company (NYSE:BCO - Free Report) by 210.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,656 shares of the business services provider's stock after buying an additional 134,582 shares during the quarter. Ameriprise Financial Inc. owned about 0.46% of Brink's worth $18,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BCO. FMR LLC lifted its holdings in shares of Brink's by 12.0% during 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. Norges Bank purchased a new position in Brink's during the fourth quarter worth approximately $46,603,000. Ariel Investments LLC boosted its holdings in shares of 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 purchasing an additional 140,895 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Brink's during the 4th quarter valued at $8,257,000. Finally, Invesco Ltd. increased its holdings in shares of Brink's by 32.1% during the 4th quarter. Invesco Ltd. now owns 339,596 shares of the business services provider's stock worth $31,504,000 after buying an additional 82,451 shares during the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.

Brink's Trading Down 1.2%

NYSE BCO traded down $1.02 during mid-day trading on Wednesday, hitting $85.46. The company's stock had a trading volume of 16,012 shares, compared to its average volume of 299,538. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The Brink's Company has a 52-week low of $80.21 and a 52-week high of $115.91. The stock's fifty day simple moving average is $87.96 and its two-hundred day simple moving average is $91.42. The firm has a market capitalization of $3.59 billion, a P/E ratio of 32.37 and a beta of 1.42.

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 for the quarter, topping analysts' consensus estimates of $1.19 by $0.43. Brink's had a net margin of 2.37% and a return on equity of 71.46%. The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the prior year, the company earned $1.52 EPS. The firm's revenue was up .9% on a year-over-year basis. Research analysts expect that The Brink's Company will post 6.49 EPS for the current year.

Brink's Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.19%. This is a positive change from Brink's's previous quarterly dividend of $0.24. The ex-dividend date is Monday, May 19th. Brink's's dividend payout ratio (DPR) is presently 27.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Brink's from a "strong-buy" rating to a "buy" rating in a report 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.